ONGC asks govt to waive cess, royalty as plummeting oil prices not enough to cover operating cost
State-owned ONGC has asked the government to waive payment of oil cess and royalty as plummeting international oil prices have meant that the rate it now gets does not even cover the operating cost, sources said
GST revenue collection rises above Rs 1 lakh cr-mark for second month in row in December
GST revenue collection remained above the Rs 1 lakh crore mark for the second month in a row with December mop-up rising to Rs 1.03 lakh crore as compared to the year-ago period
GST compensation: Opposition-ruled states meet Nirmala Sitharaman, seek to release outstanding dues without further delay
The all-powerful GST Council may go for a detailed review of the tax structure after the rise in the revenue collections at its meeting on 18 December
GST revenue collection crosses Rs 1 lakh cr after a gap of 3 months in November; up 6%
After two months of negative growth, the GST revenue witnessed an impressive recovery with a growth of 6 percent in November 2019 over the November 2018 collections
Mahindra and Mahindra AGM: Cut taxes or rollback cess as auto gloom deepens, says chairman Anand Mahindra
Pitching for a lower GST or a rollback of the cess to pull the automobile industry out of the slowdown, M&M group chairman Anand Mahindra on Wednesday said that a revival of the industry would have a ripple effect on the entire economy
GST mop-up crosses Rs 1 lakh cr for three straight months in May; lower than record collection of Rs 1.13 lakh cr in April
This is the third consecutive month in which GST collections have crossed Rs 1 lakh crore mark
Lok Sabha election results 2019: Small traders expect more sops from Narendra Modi's second spell
The traders decided to back Modi and the BJP for the measures taken for encouraging entrepreneurship in the country like Startup India.
Finance Act 2018: A look at how recent changes impact personal tax planning for the ongoing financial year
Net tax savings for a majority of all salaried individuals, on account of the changes listed in the Finance Act, 2018, has left a lot to be desired.
GST panel not in favour of sugar cess, mulls levying 1% tax on luxury goods instead to battle agrarian distress
The GST Council in its last meeting in May had constituted the GoM to look into the food ministry's proposal of imposition of cess of up to Rs 3 per kg on supply of sugar over and above 5 percent GST rate
Dharmendra Pradhan for inclusion of petroleum products under GST ambit; says state govts making up their mind on decision
The inclusion of petroleum products under GST will bring it into a rational tax mechanism, Pradhan said
Long-term capital gains tax, other Budget proposals to kick in on 1 April
Other tax proposals like the reduced corporate tax of 25 percent on businesses logging a turnover of up to Rs 250 crore will come into effect from 1 April.
Budget 2018: Oil and gas industry seeks infrastructure status, lower taxes
Oil and gas industry wants inclusion of natural gas in the Goods and Services Tax (GST) regime at the earliest to boost the use of environment friendly fuel and help transition to a gas-based economy
JLR India head wants 'reasonable' taxes on luxury cars against the current 50%
Stating that taxes on luxury vehicles in India are among the highest in the world, JLR India President and Managing Director Rohit Suri said this has restricted volumes growth thereby preventing companies from assembling more models here
GST compensation to states: Lok Sabha passes bill for hike in cess on luxury cars to 25%
The Bill replaces Ordinance which provided for a hike in GST cess on a range of passenger vehicles from mid-size to hybrid variants and luxury cars to 25 percent
GST collections hit Rs 92,283 cr in July, likely to go up further: FM Arun Jaitley
Of the tax collected, Jaitley said, Rs 14,894 crore have come in as Central GST, Rs 22,722 crore as State GST and Rs 47,469 crore as Integrated GST, which is levied on inter-state movement of goods and imports
GST for consumers: What you should know before paying when the new tax regime kicks in
Goods and Services Tax is one indirect tax reform, which will make the country one unified common market for industries to pay taxes
GST rate for gold fixed at 3%, biscuits 18%, bidis 28%; states, except West Bengal, agree to 1 July rollout
New Delhi: Footwear below Rs 500 will be taxed at 5 percent under the Goods and Services Tax, while the rest would be in the 18 percent bracket once the new regime is rolled out from 1 July.
GST Council to fix tax rate on gold and other commodities today; jewellers on toes
This will probably be the last meeting of the GST Council before the implementation of the new tax regime from 1 July
GST impact: Jaguar Land Rover now cuts select model prices by up to Rs 10.9 lakh
The benefits, which will vary from state to state and will be in the range of Rs 2 lakh to Rs 5.7 lakh on Jaguar XE sedan and Rs 4 lakh to Rs 10.9 lakh on Jaguar XJ