https://www.taxtmi.com/news?id=41791 Jharkhand reported that fiscal year 2024-25 revenue collections met a majority of targets with central tax devolution exceeding estimates while grants in aid remained substantially short. Departmental performances varied across commercial taxes, excise, registration, transport, mines and land revenue. The government utilised most of its revenue expenditure allocation and announced VAT adjustments-reducing VAT on bulk high speed diesel purchases for mining and industry and increasing VAT on aviation turbine fuel-to stimulate sectoral activity and raise incremental receipts. en-us Wed, 23 Apr 2025 17:46:03 +0530 Wed, 23 Apr 2025 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41791 Jharkhand reported that fiscal year 2024-25 revenue collections met a majority of targets with central tax devolution exceeding estimates while grants in aid remained substantially short. Departmental performances varied across commercial taxes, excise, registration, transport, mines and land revenue. The government utilised most of its revenue expenditure allocation and announced VAT adjustments-reducing VAT on bulk high speed diesel purchases for mining and industry and increasing VAT on aviation turbine fuel-to stimulate sectoral activity and raise incremental receipts. News - Wed, 23 Apr 2025 17:46:03 +0530 https://www.taxtmi.com/news?id=41791