GST Council May Do Away With 5%; Move Items To 3% & 8% Slabs

NEW DELHI- With most states on board to raise revenue so that they do not have to depend on Centre for compensation, the GST...

GST Collection Rises To All-Time High Of Rs 1.42 Lakh Cr In March

New Delhi- GST collection in March touched an all-time high of over Rs 1.42 lakh crore, an increase of 15 per cent annually, on...

Govt Notifies ITR Forms For 2021-22, Seeks Details Of Income From Overseas Retirement Benefit...

New Delhi- The Income Tax department has notified forms for filing I-T returns for 2021-22 fiscal, which also seek details of income from overseas...

J&K Records 25.38 % Hike In Tax Revenue Collection During 2021-22

Jammu- The Union Territory of Jammu and Kashmir has recorded a significant hike of 25.38 per cent in tax revenue collection during 2021-22 (ending...

J&K Pays Second Highest Tax On Petrol In North India

For Rs 100 Petrol, People In J&K Pay Rs 45.9 As Tax Zaid Bin Shabir | Kashmir Observer Srinagar: As the country continues to witness a...

Income Tax Refunds Of Over Rs 1.83 Lakh Crore Issued So Far This Fiscal

NEW DELHI- The income tax department on Wednesday said it has issued refunds worth over Rs 1.83 lakh crore to more than 2.09 crore...

GST Collection Up 18% At Over Rs 1.33 Lakh Cr In Feb; Omicron Impact...

New Delhi- GST collections in February grew 18 per cent to over Rs 1.33 lakh crore in February even as the Omicron wave dented...

India Pays Cairn Rs 7,900 Cr To Settle Retro Tax Dispute

New Delhi- The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax...

Centre To Settle Almost All Retrospective Tax Cases This Month: Revenue Secy

New Delhi- The government will settle almost all the retrospective tax cases this month, closing a chapter that plagued India's reputation as an investment-friendly...

Taxpayers Can Update Their ITRs In 2 Years: FM

New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday gave a one-time window to taxpayers to correct any discrepancy or omissions in their ITRs within...