BPCL get Relived by Tax Exemptions

Published on: 25 Apr, 2013
Published under: Kerala Business News, Kerala Real Estate Updates

24 April 2013

Kerala Government have decided to exempt Bharat Petroleum Corporation Ltd (BPCL) from the work contract tax,as the BPCl has promised a development plan of Rs 2,000 rore.The tax exemption will be of Rs 750 crore,said chief minister Oommen Chandy.

In an agreement with BPCL Kerala govt have planned that it would give some relief n VAT to the tune of Rs 3,000 crore.The state cabinet gave a relief for this based on which BPCL will have to repay the VAT only after 15 years. Further no sanction of new develpment of preprimary schools will be taken inturn govt had increased the salaries of the pre-primary teachers to Rs 5,000 and of ayahs to Rs 3,500.

Chandy said the land adjacent to Bolgatty Palace was handed over to Lulu by the coastal department and the state government had no role in it.

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