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What is Indirect Tax
Latest Updates on Indirect Tax
CBIC to focus on scrutiny of returns and audit for better compliance during current fiscal; finance ministry official sceptical, says April usually has high collection due to payment of arrears
Govts earn revenue by charging taxes. But, it also imposes a special tax to wean people off bad habits. It is called sin tax. Govts impose sin tax on alcohol and tobacco products
The focus on India's startup ecosystem, the ease of doing business and green energy will shore up growth momentum and benefit multiple stakeholders.
Indirect taxes shall rise 5.5 per cent, on the back of a 15.6 per cent increase in spending in FY23
NPS is the only scheme without any rupee value limit (the limit is a percentage of salary and not a specific rupee value) on the deduction
Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman presented the annual Union Budget 2022-23 in Parliament today. Follow Business Standard for Budget highlights
There are two types of taxes which the government collects -- direct and indirect taxes. Get clarity on them ahead of the Union Budget for 2022-23, which may keep modest targets for tax collections
Expectations continue to circle economic recovery, ease of compliance and kick-start investment cycle to transit domestic economy into a higher growth orbit while remaining inclusive and sustainable
Tamil Nadu, according to the Finance Minister P T R Palanivel Thiagarajan, is one of the major States producing handloom, powerloom textiles and hosiery goods in the country
This is the biggest recovery ever in the history of CBIC, says CBIC chairman Vivek Johri
Johri, a 1985-batch Indian Revenue Service (Customs and Indirect Taxes) officer, has been a member of the board
The generation in the first two weeks of November does not augur well for December collections
While regulatory uncertainty around cryptocurrencies continues, the tax department might be getting ready to tap into this new area. Here's what crypto and NFT investors need to know about taxation
Tax consultants allege many others face coercion from field officers
To be lower than budgeted 6.8%, say economists even when total expenditure is expected to exceed BE
Fitment committee recommends rejecting MoSPI request for a waiver
Any change to the GST system would require approval by three-fourths of the panel, which includes representatives from all states and territories
Year-on-year, the collections grew by 83%. This growth was misleading since it comes on a 30% drop in tax mop-up a year earlier
The Centre is likely to initiate dialogue with states for inclusion of petroleum products under the new indirect tax fold.
Somanathan says that the government doesn't support retrospective taxation since it creates sudden and fresh liability and is not in line with the stability and predictability of taxation