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In 2000, it had 77% of the capital volume of the chit fund business in Kerala, though just 37.5% of the number of chit funds. [4] Types of KSFE chitty schemes. Regular Chitty : In regular chits one person can bid per month. The maximum auction discount is 30 percent. For example, in a chit of 1 lakh, up to Rs. 30,000 will be reduced.
In the state of Kerala there are various establishments owned, managed and controlled by Government of India. These establishments in Kerala are largely government offices and departments, Public sector undertakings , jointly owned entities, entities in which Government of India has stakes or shareholding, defence and strategic establishments etc.
The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
The GST is imposed at variable rates on variable items. The rate of GST is 18% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than ₹100 and 28% GST on tickets costing more than ₹100 and 28% on commercial vehicle and private and 5% on readymade clothes. [33]
According to Kerala's state industrial department, the PSUs had a combined net profit of ₹ 106.91 crore in 2017-2018; there were total 42 PSUs. [9] In 2018–19, 17 PSUs had registered operational profit, according to the state industrial department. [ 10 ]
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.
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.
The State of Kerala consist of 14 districts, 27 revenue divisions, and 78 taluks.A revenue division is positioned below the district and encompasses several taluks within its administrative purview.