Tax Reform News
Budget 2023-24 Expectation: Government must consider rejigging tax system to assuage burden of middle class
Since ‘two-thirds’ of the Indian population is tax-exempt and the ‘super rich’ in the population-pyramid being a handful, the claws of taxation squeeze the middle-class
Economic slowdown: Here are five more reforms Finance Minister Nirmala Sitharaman can look at to kick-start growth engines
There are at least five big reforms that need doing, can quickly get-off the ground, and which will have lasting positive effects on growth
Corporate tax rate cut: 'Single biggest tax reform', says L&T's SN Subrahmanyan; Rajiv Bajaj calls it 'outstanding' in long-term
The government slashed corporate tax to 22% without exemptions or incentives for domestic and new manufacturing companies
Apple store mass looted and damaged by 'yellow vest' protestors in France
The robbers grabbed every Apple product such as iPhones, iPads which were put on display.
GST effect: Complexities of new tax reform drive small enterprises out of business; many laid off despite growth
The GST replaced several federal and local taxes and tore down tariff barriers between India’s 29 states, but critics say that has been to the benefit mainly of large, nationwide businesses.
One year of GST: Government could push a raft of anti-evasion measures if compliance or collections dip
Several changes in GST compliance during the initial phase had disturbed businesses and hence there would be a conscious effort to reduce the level of compliances in the coming year
Is Arvind Subramanian stupid too, P Chidambaram asks Narendra Modi after his 'GST' jibe at Congress
Defending his party's stand demanding to cap of GST at 18 percent, P Chidambaram on Thursday hit back at Prime Minister Narendra Modi.
Trade deficit widens sharply to $14 bn October: Why glitches in GST continue to plague small exporters
In value terms, these small and micro industries comprise 40-45 percent of India’s total export basket whereas in volume terms, their share is even higher, which is why they have the most to lose from GST glitches
State of the economy: Why the govt should urgently ease GST compliance burden for small traders
Four months after the GST roll out, there is a big political debate going on between the ruling Bharatiya Janata Party (BJP) and Congress-led Opposition party with respect to the impact of GST on various businesses.
Rahul Gandhi’s ‘Gabbar Singh Tax’ jibe: Why Congress vice-president should end theatrics and offer solutions
The mistake Gandhi does often is to forget to ask the real questions and confine himself to theatrics in his public rallies, thus harming his own brand and leaving questions on his political acumen.
Vice-President Venkaiah Naidu calls GST 'India's most revolutionary tax reform ever'
Vice-President Venkaiah Naidu said discussions on economy and GST should go on and that such debates and consultations are always good for democracy
Congress holds anti-GST protests in Delhi, claims new tax regime is robbing youth of employment
The Congress Sunday protested the Centre's GST, claiming that the new tax regime is "robbing" employment opportunities from the youth and causing inflation
Arun Jaitley says GST rolled out in nation's interest, will not blink twice if reforms benefit India
Addressing a GST Conclave in Chennai, Arun Jaitley said that the GST was not an easy tax reform to implement and there are people who wanted to stall reforms.
Delhi Congress to launch anti-GST campaign to raise awareness on adverse effects of tax scheme
The Delhi Congress will launch a week-long anti-GST campaign on 30 July at all the major markets of the city, intensifying its agitation against the "wrong implementation" of the new tax regime, it said on Monday
Smriti Irani calls GST a 'great step towards transparency', urges business community to adopt tax reform
Calling the Goods and Services Tax (GST) a "great step towards transparency," Union minister Smriti Irani Saturday urged the business community to become a part of this historic tax reform
GST: Taxmen to go slow on enforcement for 6 months as there will be genuine errors, says CBEC
CBEC chief admitted the GST implementation has not been glitch free and said second round of FAQs with further clarifications will be published soon
Mukhtar Abbas Naqvi says GST is biggest economic reform since Independence
Union minister Mukhtar Abbas Naqvi Sunday said the new tax regime would prove to be a game changer for the country's economy
GST to be part of curriculum in Uttar Pradesh's higher education institutes
The taxation system under GST will soon be part of the commerce and management curriculum in Uttar Pradesh's higher education institutes
Market gets GST boost, Sensex spikes 300 points; tobacco shares shine
50-share Nifty after scaling the day's high of 9,624, ended up 94.10, or 0.99 percent, at 9,615
GST launched: Tamil Nadu govt warns of stern action against those charging beyond stipulated rates
Tamil Nadu government on Monday said a cell has been formed to redress the grievances of the public following the implementation of Goods and Services Tax