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GST Council clarifies on popcorn taxation

GST Council clarifies on popcorn taxation

Sat, Dec 21, 2024

GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.

IT department issues guidance note on Vivad Se Vishwas dispute resolution scheme

IT department issues guidance note on Vivad Se Vishwas dispute resolution scheme

Wed, Oct 16, 2024

It would also include cases pending before the Dispute Resolution Panel (DRP) and revision petitions pending before the Commissioner of Income Tax.

Budget 2024: How can Budget make the new income tax regime more attractive for salaried tax payers?

Budget 2024: How can Budget make the new income tax regime more attractive for salaried tax payers?

Mon, Jul 22, 2024

Budget 2024: The government is set to table its first full budget after elections and the wish list of taxpayers is as long as ever. This is especially so as the government did not make any key changes in the interim budget as it was a Vote on Account budget.

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Analysts hail tax certainty in Budget, rue high corp tax rates

Analysts hail tax certainty in Budget, rue high corp tax rates

Wed, Feb 01, 2017

Analysts and market experts have welcomed the tax proposals in the Budget saying the slew of pro-business measures along with more inclusive taxation for individuals and small firms, will go a long way in boosting consumption which in turn will help the economy grow faster.

Here's snapshot of Union Budget 2017 in two minutes

Here's snapshot of Union Budget 2017 in two minutes

Wed, Feb 01, 2017

Know about India's Union Budget 2017-18 in two minutes

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Tue, Jan 31, 2017

India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.

Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates

Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates

Fri, Jan 27, 2017

IT companies expect the government to announce support for research and development (R&D) practices, Digital India, tax rebates and concessions for new-age technological innovations, among others in Budget 2017.

From reviving consumption to creating jobs: These are 5 key themes of Modi's Budget 2017

From reviving consumption to creating jobs: These are 5 key themes of Modi's Budget 2017

Fri, Jan 27, 2017

Budget 2017 will be based on five key themes right from reviving the capex cycle, rural economy to creating jobs.

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Thu, Jan 26, 2017

Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.

Apple says dialogue with India on local expansion plans was ''constructive''

Apple says dialogue with India on local expansion plans was ''constructive''

Wed, Jan 25, 2017

Apple on Wednesday said that it had constructive and open dialogue with the government of India to expand its local operations into the country.

Budget 2017: Cash-ban distress leaves scant room for tax giveaways

Budget 2017: Cash-ban distress leaves scant room for tax giveaways

Mon, Jan 23, 2017

Indirect tax receipts grew by an annual 14.2% in December.

Top 5 ELSS mutual funds to take care of 80C income tax needs

Top 5 ELSS mutual funds to take care of 80C income tax needs

Thu, Jan 19, 2017

ELSS funds or Equity Linked Savings Scheme is a simple way to get tax benefits and invest your money in stock markets.

Nirmala Sitharaman signals start-ups may get tax benefits in Budget 2017

Nirmala Sitharaman signals start-ups may get tax benefits in Budget 2017

Mon, Jan 16, 2017

Commerce and Industry Minister Nirmala Sitharaman on Monday indicated that start-ups may get additional tax benefits in the forthcoming budget, to be unveiled on February 1.

Jaitley looks to break deadlock at GST meeting tomorrow

Jaitley looks to break deadlock at GST meeting tomorrow

Sun, Jan 15, 2017

Finance Minister Arun Jaitley will tomorrow look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April.

Australia plans to tax all digital transactions

Australia plans to tax all digital transactions

Wed, Jan 11, 2017

The Australian government plans to tax all online transactions, Treasurer Scott Morrison said on Wednesday, as part of a so-called `tax strike` on the rapidly-growing digital economy.

PAN a must for excise, service taxpayers for GST registration

PAN a must for excise, service taxpayers for GST registration

Sun, Jan 08, 2017

The tax department has made it mandatory for central excise duty and service taxpayers to obtain a valid PAN number before they can be migrated to the new goods and services tax (GST) set-up.

China studying tax cuts to reduce burden on firms

China studying tax cuts to reduce burden on firms

Fri, Jan 06, 2017

China had already cut income tax on enterprises to 25% from 33%.

Keep labour-intensive sectors out of GST ambit: Nirmala Sitharaman

Keep labour-intensive sectors out of GST ambit: Nirmala Sitharaman

Tue, Jan 03, 2017

Commerce and Industry Ministry on Tuesday asked the GST Council to grant ab-initio exemption to exporters from the Goods and Services Tax (GST) and keep the labour-intensive sectors like leather and plantation completely out of the tax net or put them in lowest slab.

What is long-term capital gains tax and why markets fell 1% even after Jaitley clarified PM Modi's comments

What is long-term capital gains tax and why markets fell 1% even after Jaitley clarified PM Modi's comments

Mon, Dec 26, 2016

India's key equity indices opened up lower in morning trade on Monday after Prime Minister Narendra Modi on Saturday hinted at increase in taxes on income from stock markets during his speech in Maharashtra. BSE Sensex and NSE Nifty lost over 1% in the morning trade on Monday.

No plans to impose long-term capital gains tax on securities transactions: Arun Jaitley

No plans to impose long-term capital gains tax on securities transactions: Arun Jaitley

Mon, Dec 26, 2016

The government has no plans to impose long-term capital gains tax on share transactions in the upcoming Budget 2017, Finance Minister Arun Jaitley clarified on Sunday, describing media reports of Prime Minister Narendra Modi`s speech earlier as erroneous.

Companies must drop retro tax cases to avail settlement scheme: CBDT

Companies must drop retro tax cases to avail settlement scheme: CBDT

Sun, Dec 25, 2016

Vodafone, Cairn Energy and other firms facing retrospective tax demand will have to withdraw legal cases and give up the right to contest constitutional validity of back-dated amendment to Income Tax (I-T) laws if they want to avail of the dispute resolution scheme ending on December 31.

Resolution to dual control issue not far off, says FM Arun Jaitley

Resolution to dual control issue not far off, says FM Arun Jaitley

Sun, Dec 25, 2016

Union Finance Minsiter Arun Jaitley on Saturday said that the Goods and Services Tax (GST) Council has made "significant progress" on the provisions relating to the indirect tax regime and resolution of the "one difficult issue" of dual control or cross empowerment that deals with assessee jurisd

Arun Jaitley faces hurdles for launch of GST by April 2017

Arun Jaitley faces hurdles for launch of GST by April 2017

Sat, Dec 24, 2016

The prospects of introducing a goods and services tax (GST) in India next April, its biggest tax reform, faded on Friday after central and state finance officials postponed talks on how to administer the tax after a two-day meeting.

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