Thu, Oct 16, 2014, 03:23 PM
Telangana government is aiming to get a whopping Rs.30000 Cr revenue through commercial taxes in this financial year. For the Water Grid project, Irrigation projects and other social welfare schemes, the government needs abundant funds for which they are strengthening the VAT Act. Though VAT is implemented in Telangana, no G.O.has yet been issued on this. Govt is therefore silently moving ahead to strengthen the VAT Act with modified tax rates. VAT could be highest on liquor.