‘Govt’s Duty Cuts To Impact Customs; GST To Help Achieve Fy23 Tax Target’
New Delhi- Robust GST collections will help achieve the FY23 revenue growth target on the indirect taxes front, despite the impact of duty cuts...
Fitch Expects Windfall Tax To Be Phased Out In 2023
NEW DELHI- Fitch Ratings on Tuesday said it expects the five-month-old tax on windfall profits made by oil companies to be phased out in...
GST Council To Consider Decriminalisation Of GST Law In Dec 17 Meet
NEW DELHI- The GST Council in its next meeting is likely to discuss the decriminalisation of offences under GST law, along with raising the...
GST Mop Up Grows 11% To Rs 1.46 Lakh Cr In November
New Delhi- The collections from Goods and Services Tax (GST) grew by 11 per cent to about Rs 1.46 lakh crore in November on...
Centre Cuts Windfall Tax On Crude Oil Output And Diesel Exports
New Delhi- The government on Thursday slashed to less than half the windfall profit tax on domestically produced crude oil and also reduced the levy on...
Cut In Income Tax, Schemes To Generate Jobs Among Demands In Pre-Budget Meetings With...
New Delhi- Cut income tax for individuals, bring programmes to generate employment, increase spending to boost the economy and incentives for certain industries were...
Centre Releases Rs 17k Crore GST Compensation To States/UTs For April – June
NEW DELHI- The central government has released Rs 17,000 crore to states towards balance GST compensation, taking the total amount released so far this fiscal to...
Key Changes In Capital Gains Tax Structure On The Anvil
New Delhi- The Finance Ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the...
About Rs 400 Cr Tax Deposited By Filing Updated ITRs So Far
New Delhi- The recently introduced provision of allowing taxpayers to update their tax returns has seen as many as 5 lakh re-filings with about...
PHDCCI Suggests 2-Yr Tax Holiday For Covid-Hit Businesses
New Delhi- Industry body PHDCCI on Tuesday suggested a two-year tax holiday for businesses like hotels and cinema theatres, which were hit hard by...