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 2022-23 are given below in the table. 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 |
| 2021-22 | 0.00 | 0 | 372.28 |
| 2022-23 | 0.00 | 0 | 558.02 |