Indirect Taxes

Showing of 21 - 40 from 50 results
Indirect Taxes - Total results - 50
If government wants to earn more tax, taxmen need to stop harassing taxpayers
Business

If government wants to earn more tax, taxmen need to stop harassing taxpayers

Tax laws need to be simplified, so as to disincentivise taxmen from litigating and continuing to litigate at the drop of a hat.

India economy: Govt indicates it will not cut expenditure in the wake of higher fiscal deficit numbers
Business

India economy: Govt indicates it will not cut expenditure in the wake of higher fiscal deficit numbers

Fiscal deficit has touched Rs 6.77 lakh crore at the end of January 2018, 113.7 percent of the target for the year, on account of higher expenditure.

GDP growth at 7.2%: December quarter figures look okay but few questions remain on full-year numbers
Business

GDP growth at 7.2%: December quarter figures look okay but few questions remain on full-year numbers

There has to be revival of private sector demand both in the form of consumption and investment for growth to really be self-sustaining

GST Network crash: Will e-way bills system bring back border check posts and Inspector Raj in new form?
Business

GST Network crash: Will e-way bills system bring back border check posts and Inspector Raj in new form?

GST Council finalised e-way bills rules in August, but a planned rollout in October was deferred after GSTN portal had crashed last year.

Maharashtra records GST-backed surge in revenues, state’s indirect tax collections rise 29% in April-June 2017
Business

Maharashtra records GST-backed surge in revenues, state’s indirect tax collections rise 29% in April-June 2017

With arrival of GST, a number of indirect taxes levied by local bodies like octroi, local body tax, luxury tax etc were abrogated to make way for new indirect tax regime

Economic Survey says demonetisation added more number of taxpayers, caused bigger household savings
Business

Economic Survey says demonetisation added more number of taxpayers, caused bigger household savings

As per Economic Survey analysis, new filers reported an average income, in many cases, close to income tax threshold of Rs 2.5 lakh

Assocham urges govt to reissue 10% customs duty on paper imports from ASEAN nations to cushion local industry
Business

Assocham urges govt to reissue 10% customs duty on paper imports from ASEAN nations to cushion local industry

Current demand for paper and paperboards in Indian market in 14.4 mtps constitutes about 3.6 percent of global demand

GST on 29 items, 54 services cut; experts say govt must ensure e-way bill process is bug-free
Business

GST on 29 items, 54 services cut; experts say govt must ensure e-way bill process is bug-free

It was highly expected that GST Council would decide the fate of petroleum products under GST to remove cascading effect but unfortunately no decision has been taken yet.

Foreign trade policy review: India should address problems of competitiveness urgently, set an export target
Business

Foreign trade policy review: India should address problems of competitiveness urgently, set an export target

A review of foreign trade policy without setting an export target is a bit like a finance minister working on a budget without targeting a short-term or long-term GDP growth rate.

GST impact: Smartphones, medical devices, cement to cost less; rates beneficial to consumer, govt insists
Business

GST impact: Smartphones, medical devices, cement to cost less; rates beneficial to consumer, govt insists

A smartphone currently attracts 2 percent central excise duty and VAT, which vary from state to state (5 percent to 15 percent).

New WPI, IIP series a much required move, but here are a few issues govt should take up
Business

New WPI, IIP series a much required move, but here are a few issues govt should take up

Any index is created based on a basket of goods which exists at a point of time, which is taken to be the base year, and then is tracked either in quantity terms (IIP) or prices (WPI) over a period of time.

GST Council rings in good news for common man; most daily use items to be cheaper from 1 July
Business

GST Council rings in good news for common man; most daily use items to be cheaper from 1 July

Tax rate for tems that would be decided today include gold, footwear, branded items, bidi and, of course, services

Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%
Business

Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

Belying fears of slowdown due to demonetisation, indirect tax collection grew at a decent 16.9 percent in January buoyed mainly by excise, reflecting an uptick in manufacturing.

A four-point check list for Budget 2017: How to deal with the nervous excitement
Business

A four-point check list for Budget 2017: How to deal with the nervous excitement

More than demonetization’s ability to recover vast quantum of black money in the short span, its ability to increase the base for in-direct taxes in future is more appealing.

President Mukherjee hopes govt will set up GST Council soon
Economy

President Mukherjee hopes govt will set up GST Council soon

Mukherjee said India has firmly established itself as the fastest growing large economy with a GDP growth rate of 7.3 percent in calendar year 2015.

GST Bill: Here's why India Inc is kicked about the country's biggest ever tax reform
Business

GST Bill: Here's why India Inc is kicked about the country's biggest ever tax reform

India Inc is keenly awaiting its passage. Many hail it as a tremendous reform and the biggest since liberalization in 1991

Govt to meet FY16 tax collection target of Rs 14.49 lakh crore
Business

Govt to meet FY16 tax collection target of Rs 14.49 lakh crore

For the first time in five years, the government is likely to meet Rs 14.49-lakh crore budgetary tax collection target for 2015-16 with robust indirect tax mop up making up for the shortfall in direct levies.

Budget 2016: Exempt startups from direct, indirect taxes, says Nasscom
Business

Budget 2016: Exempt startups from direct, indirect taxes, says Nasscom

Nasscom pointed that e-commerce has emerged as a powerful instrument encouraging people to transact online, offering traceability and transparency.