Sales/Income tax
The Company has been paying value added tax (VAT), GST and income tax on the sales, purchase and profit. The contributions of VAT, GST and income tax since 2010-11 to 2020-21 are given below in the table. The VAT, GST and income tax as Rs. 1559.07 lakh, 2807.86 lakh and Rs. 1734.42 lakh respectively was paid by the Company during the year 2017-18. However, the auction GST Act, the corporation is now paying only GST.
| Year | VAT (Rs. In Lacs) | GST (Rs. In Lakhs) | Income Tax (Rs. In Lacs) |
|---|---|---|---|
| 2010-11 | 137.10 | 0.00 | 227.12 |
| 2011-12 | 164.30 | 0.00 | 169.88 |
| 2012-13 | 111.82 | 0.00 | 305.00 |
| 2013-14 | 270.97 | 0.00 | 227.88 |
| 2014-15 | 302.88 | 0.00 | 135.18 |
| 2015-16 | 407.37 | 0.00 | 193.90 |
| 2016-17 | 141.68 | 0.00 | 26.00 |
| 2017-18 | 22.95 | 206.33 | 23.55 |
| 2018-19 | 0.00 | 666.42 | 106.75 |
| 2019-20 | 0.00 | 1032.08 | 92.16 |
| 2020-21 | 0.00 | 903.03 | 227 |