FOLLOW US
  • Facebook
  • Twitter
  • Youtube
You are here: Home » BUSINESS NEWS

Bihar taxation improved significantly from 2015-16: FM Jaitley after GST meeting

Finance Minister Arun Jaitley on Friday said that Bihar benefitted by 27 per cent inflated taxation in 2015-16 as compared to the previous year.

ANI | Updated: 28 Sep 2018, 17:46:23
FM Arun Jaitley FM Arun Jaitley

New Delhi: Finance Minister Arun Jaitley on Friday said that Bihar benefitted by 27 per cent inflated taxation in 2015-16 as compared to the previous year. Speaking after attending the Goods and Services Tax (GST) Council meeting, he said, 

“Some states used to have special taxation in 2015-16. Apart from VAT, these taxes got subsumed because of which their 2015-16 were inflated. Bihar imposed additional VAT in 2015-16 when tax reduced due to the prohibition of alcohol. Bihar’s taxation inflated by 27% as compared to the previous year. Bihar benefited from this aberration.”


First Published: 28 Sep 2018, 17:46:23

Video
Photo gallery
----------- Advertisment-------------
----------- Advertisment-------------
----------- Advertisment-------------
Travel »