Minister's assurance on tax payment

Published: 14th December 2012 12:05 PM  |   Last Updated: 14th December 2012 12:05 PM   |  A+A-

Finance Minister K M Mani on Thursday said that a common e-payment gateway would be introduced through the treasury enabling the traders to pay taxes from any of the banks. Now this facility is available only through State Bank of India and State Bank of Travancore.

 He was replying to questions of the traders during a video conferencing here.

 Mani said that steps would be taken to complete the formalities of refund in a time-bound manner in the case of applications filed online. There are also plans to refund the amount through credit system.

 The sitting of the VAT Tribunal, Kochi, will also be held in  Thiruvananthapuram four times a month, he said.  The Minister said that sales tax registration would not be given for residential buildings. It should be ensured that the building is for commercial purpose and the prescribed fee should be remitted at the respective local bodies, he said.

He also pointed out that it was not possible to provide tax exemption for all medicines. However, tax was relaxed for some of the life-saving medicines.

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