Finance Ministry Extends ITR Filing Deadline For Companies Till November 7

NEW DELHI- The Finance Ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7. The last...

Demonetisation Behind The Buoyancy In Tax Collections, Says RBI MPC member

NEW DELHI- RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will...

Govt Extends Deadline For Filing September GST Return Till Oct 21

New Delhi- The government has extended the deadline for filing GST returns for the month of September by a day to October 21, the...

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...