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The existing general sales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules. A few states (Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Uttarakhand and Uttar Pradesh) opted to stay out of VAT taxation system during the initial introduction of VAT but adopted it later.
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
Members of the State Legislative Assembly, the only house of State Legislature in 22 states and 3 union territories of India and the lower house of 6 states, are elected by being voted upon by all adult citizens of India enlisted in the voter list of their respective state/union territory, from a set of candidates who stand in their respective constituencies.
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
Every adult citizen of India can vote only in their constituency. Candidates who win the Lok Sabha elections are called 'Member of Parliament' and hold their seats for five years or until the body is removed The first elections to the Lok Sabha took place during 1951–52. [1] [2] [3]
The results of India's general elections to constitute 18th Lok Sabha, held in April–June 2024 were announced on 4th and 5th June 2024. [1] The main contenders were two alliance groups of the Incumbent National Democratic Alliance (N.D.A) led by Bharatiya Janata Party; and the Opposition Indian National Developmental Inclusive Alliance (I.N.D.I.A.) led by Indian National Congress.
Intra-State e-Way Bill The five states piloting this project are Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh, which account for 61.8% of the inter-state e-way bills, started mandatory intrastate e-way bill from 15 April 2018 to further reduce tax evasion. [40] It was successfully introduced in Karnataka from 1 April 2018. [41]
The Chief Election Commissioner of India, Sunil Arora, announced on 25 September 2020 that the Bihar assembly election will be held from 28 October 2020, in three phases for 243 constituencies. [90] Per the Election Commission of India, approximately 60 registered parties are to contest in the Bihar elections. [clarification needed] [91]