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The Ministry of Water Resources, River Development and Ganga Rejuvenation was the apex body for formulation and administration of rules and regulations relating to the development and regulation of the water resources in India. The Ministry was formed in January 1985 following the bifurcation of the then Ministry of Irrigation and Power, when ...
The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. 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 ...
The tax is usually accompanied by a number of service taxes, e.g., water tax, drainage tax, conservancy (sanitation) tax, lighting tax, all using the same tax base. The rate structure is flat on rural (panchayat) properties, but in the urban (municipal) areas it is mildly progressive with about 80% of assessments falling in the first two slabs.
India accounts for 18% of the world population and about 4% of the world’s water resources. One of the solutions to solve the country’s water woes is to create Indian Rivers Inter-link.c [2] India has been successful in creating live water storage capacity of about 253 billion cubic meter(BCM) so far.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
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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.