Tax On Windfall Profit On Crude Oil, Export Of Diesel, ATF Hiked
New Delhi- The government on Saturday hiked windfall tax on domestically produced crude oil by more than a third while doubling the rate on...
Direct Tax Collection Jumps 24% In First Half Of FY23
New Delhi- Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that...
GST Mop-Up In Sept At Rs 1.47 Trn; Festival Season To Push Up Revenues
New Delhi- GST collections remained above Rs 1.40 lakh crore for the seventh month in a row at Rs 1.47 lakh crore in September, a 26...
GST Revenue In September Likely At Rs 1.45 Lakh Cr
New Delhi- Goods and Services Tax (GST) revenue mop-up in September is expected to be around Rs 1.45 lakh crore, an official said.
The collection...
Govt Actively Studying Duties Levied On Steel Exports
New Delhi- The government is actively studying the issue of export duty which was imposed on certain grades of steel in May this year.
The...
Windfall Tax On Domestic Crude Oil Cut
New Delhi- The government on Friday cut the windfall profit tax on locally-produced crude oil in line with a fall in international rates, and...
India Plans To Replace Toll Plazas With Auto Number Recognition System
New Delhi- Union minister Nitin Gadkari on Tuesday said that the government is conducting pilot projects to replace toll plazas with automatic number plate recognition...
Direct Tax Collection Surges By 35% To Rs 6.48 Lakh Cr
New Delhi- Direct tax collection, including personal income tax, rose by 35.46 per cent to Rs 6.48 lakh crore in the current fiscal up...
I-T Refunds Of Rs 1.14 Lakh Crore Issued Between April-August
NEW DELHI- The Income Tax department has issued refunds of over Rs 1.14 lakh crore in the first five months of this fiscal.
“CBDT (Central...
Taxmen Can Launch Prosecution In Cases Of Over Rs 5 Crore GST Evasion
NEW DELHI- GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is...