Government clashes Central Sales Tax by one percent

Chief Minister holds review meeting

At a review meeting conducted by the Chief Minister, Dr. YS Rajasekhara Reddy with the officials of the Commercial Tax Department, it has been decided to collect 3 percent Central Sales Tax (CST) as against the present 4 per cent. The State Government has taken this decision which will be effective from October 1. This decision was taken following an impressive performance registered in revenue during the first quarter of the current year.

Commercial Taxes Minister Konathala Ramakrishna said that the annual estimated revenue from CST was Rs. 1200 crore. The State Government will ask the Centre to reimburse the loss resulting from the reduction in the form of transfer of some services to the State.

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Events and happenings on 26 July in History

26 July 2001
Highlights: Rs. 140 Crores for drough hit areas

26 July 2002
Highlights: 5 Naxals killed in an encounter

26 July 2003

26 July 2004
Highlights: Sales tax dues of HSL waived

26 July 2005
Highlights: Volkswagen to send special envoy

26 July 2006
Highlights: Post-mortem conducted on slain Maoists

26 July 2007
Highlights: Left parties Bhu poratam turns violent