Tax proposals in the Budget comes into force today

Budget and Finance BillThiruvananthapuram: Finance Minister T. M. Thomas Isaac introduced the Finance Bill in the Assembly on Monday to give effect to the financial proposals of the government in the revised Budget for the current financial year.

These include sales tax on coconut oil, green tax on vehicles older than 15 years and fat tax on certain cooked items of branded restaurants, besides hike in stamp duty for registration of land deals.

The tax proposals come into effect on the date of introduction of the Bill unlike in the case of other legislations which can be enforced only after enactment.

Full list of tax proposals can be found here.