Hyderabad: To spice up the revenues of native our bodies, the Telangana authorities is analyzing the feasibility of levying an leisure tax on sure industrial institutions, akin to theaters and amusement parks, amongst others.
Based on a report printed by The New Indian Specific, a committee headed by Chief Secretary Okay Ramakrishna Rao, comprising an inter-departmental staff of particular chief secretaries, principal secretaries and secretaries as its members, has been constituted to review how totally different states have been levying such tax on leisure and amusement.
The report additionally states {that a} preliminary report could be ready by the committee in 30 days and a last report in 60 days.
As per the one hundred and first Constitutional Modification, which launched the Items and Providers Tax (GST) regime, the facility of the states to levy taxes was managed, whereas permitting the native our bodies the leverage to levy sure taxes.
The 62nd entry to the state record within the amended tax regime permits taxes on entertainments and amusements levied and picked up by a panchayat, a municipality, a regional council or a district council.
The state authorities is seeing this a chance for the native our bodies to achieve extra revenues by levying such taxes.
