Special budget package likely for rebuilding Kerala

Special budget package likely for rebuilding Kerala
SHARE

Thiruvananthapuram: The highlight of the upcoming budget could be a comprehensive package for rebuilding the flood-torn state. A special package is likely to be announced by Finance Minister Thomas Isaac as he presents this year’s state budget on Thursday.

Issac hopes to generate an extra income of Rs 500 crore by levying an additional cess of one per cent over the Goods and Services Tax (GST) in this regard.

He told Manorama News that fuel and liquor taxes and stamp duties will not be increased this year. Instead, tax arrears will be collected to increase the income. Arrears will be collected from around 8 lakh people who had evaded taxes by showing a less amount as fair value of land, he added.

MORE IN UNION BUDGET 2019
SHOW MORE
The comments posted here/below/in the given space are not on behalf of Onmanorama. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.