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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]
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. [1]
The SECC 2011 was conducted in all states and union territories of India and the first findings were revealed on 3 July 2015 by Union Finance Minister Arun Jaitley. [7] [8] [9] SECC 2011 is also the first paperless census in India conducted on hand-held electronic devices by the government in 640 districts.
The population of India as per 2011 census was 1,210,854,977. [31] India added 181.5 million to its population since 2001, slightly lower than the population of Brazil. India, with 2.4% of the world's surface area, accounts for 17.5% of its population. Uttar Pradesh is the most populous state with roughly 200 million people.
In 1976, the Government of India launched a plan scheme called Economic Census and Surveys. In 1977 Central Statistical Organization conducted First economic census in collaboration with the Directorate of Economics & Statistics (DES) in the States/Union Territories. The economic censuses of 1980 and 1990 were integrated with the house-listing ...
During the decade of 2001–2011, India's annual population growth rate has slowed down from 2.15 percent to 1.76 percent. [7] Based on decennial census data, Dadra and Nagar Haveli and Daman and Diu has the fastest growth rate of 55.1 percent, followed by Meghalaya (27.8 percent) and Arunachal Pradesh (25.9 percent).
In the 2016 Union budget of India, an excise of duty of 1% without input tax credit and 12.5% with input tax credit was imposed on articles of jewellery with the exception of silver jewellery. [19] The government had earlier proposed an excise duty in the Budget 2011–12, which had to be rolled back after massive protests by jewellers. [20]