Latest News on Indirect Tax
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Indirect Tax - Total results - 90
May 23, 2017
GST: Govt dictating prices goes against free-market spirit; will anti-profiteering law end up as tax terrorism?Hasmukh Adhia hinted that any price hike by companies before 1 July, even if done for reasons such as higher input cost, may be subjected to enquiries. A veiled threat?
May 21, 2017
GST will cut inflation by 2%, boost India's economy: Hasmukh AdhiaInflation will fall by two percent on implementation of the goods and services tax (GST) and will create buoyancy in the economy, Revenue Secretary Hasmukh Adhia has said.
Apr 27, 2017
Govt extends service tax return filing date to 30 AprilEvery registered service tax assessee has to file service tax return in form ST-3 on a half-yearly basis before the due date to avoid penalty.
Apr 07, 2017
Tax evasion of more than Rs 1.37 lakh cr detected in last 3 yearsWarning tax evaders, Revenue Department said the relentless crusade against black money will be further intensified in the coming days.
Apr 04, 2017
Govt's FY17 tax collection at Rs 17.10 lakh cr exceeds estimates; PMGKY garners Rs 2,300 crThe revised estimates (RE) provided in Budget on 1 February had projected tax collections of Rs 16.97 lakh crore.
Mar 31, 2017
GST effect: Data suggests private education costs likely to go up by 2-3% if taxed under new regimeThe provisions in the GST bill could be extrapolated to mean that private education in India would be liable to tax once GST becomes law.
Mar 23, 2017
Govt to soon introduce 5 bills for implementation of GST, says Arun JaitleyGST Council, the apex decision making body for GST, has representation from the central government as well as all the state governments.
Mar 17, 2017
GST Council clears all draft bills, stage set for 1 July rollout; experts hail landmark developmentThe council also approved a maximum of 15 percent cess on top of the peak GST rate of 28 percent on luxury goods and aerated drinks.
Mar 10, 2017
Indirect tax revenue grows 22% in Apr-Feb; direct tax up 10.7%The total direct tax of Rs 6.17 lakh crore and indirect tax mop-up was Rs 7.72 lakh crore, led by robust collections in personal income tax and excise duty, respectively.
Feb 04, 2017
Union Budget 2017: Did Jaitley just prove his critics right on corporate tax exemptions?A simple and straightforward direct tax code with minimum exemptions (if any, at all) would go a long way to ending disputes and reducing revenue loss. Will Jaitley make a start on this in the coming year?