As India marks a decade of the Goods and Services Tax (GST), the focus is shifting towards enhancing efficiency through artificial intelligence, data sharing, and process simplification. The reform, which unified India's indirect tax system, has significantly broadened the tax base and boosted revenues, with future plans including a streamlined two-tier rate structure and continued technological integration to reduce compliance costs and combat evasion.
If one has to compare the tenures of the two prime ministers one must credit Nehru with laying the foundations on which Modi is building a grand edifice, asserts Colonel Anil A Athale (retd).
Bowing to the demand of industry, Maharashtra government is likely to take a decision on abolishing the state tax octroi in next two-three months. "We are in the final stages of taking a decision on the the issue....maybe within the next two-three months we will take a decision," Chief Minister Vilasrao Deshmukh said on Wednesday.
Besides central cess, the Empowered Committee of State Finance Ministers has also recommended to keep purchase tax and octroi, which are collected at state and local levels, outside the GST framework.
India was drenched in hues of the rainbow on Monday as people celebrated Holi, the festival colours, on Monday and smeared 'gulal' on each other.
The cross-border shelling by Pakistan Rangers, the first major ceasefire violation since 2021, started around 8 pm Thursday in the Arnia area of R S Pura sector and lasted around seven hours, leaving a BSF jawan and a woman injured.
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
Traders and shopkeepers in Maharashtra are on an indefinite strike since Monday to protest against the newly-introduced Local Body Tax (LBT), which replaces octroi.
The Local Body Tax replaces octroi.
An association of traders has called a shutdown in Ahmedabad on Wednesday to protest the municipal corporation's plan to start collecting octroi from newly merged areas of the city. \n
The saloon's interiors, powerful engine and latest technology will enhance the in-car experience of discerning customers by making it even more productive, entertaining and relaxing.
Jaguar Land Rover will start assembling Range Rover Evoque at Pune.
Priced at Rs 4.43 lakh, the vehicles has a lower turning radius, stlish interiors and better payload capacity.
In a bid to mount pressure on the government over imposition of local body tax (LBT), all trade organisations across Maharashtra have decided to observe a two-day statewide bandh from July 15.
The strike call is against the imposition of local body tax and local panchayat tax that the Maharashtra government had imposed in lieu of Octroi.
Maharashtra raises vehicle registration fee, Tamil Nadu ups entertainment tax
Travel time, too, has not fallen much after the abolition of octroi with trucks still queued up at regional transport offices and toll tax plazas.
Admitting that inflation posed a serious threat to the growth momentum affecting the poor and vulnerable sections, Prime Minister Manmohan Singh on Friday favoured waiving mandi, octroi and local taxes, which impede the smooth movement of essential commodities.
The Supreme Court has dismissed the appeal of ACC Cement, ruling that if a product is manufactured by one firm and sold by another with the latter's brand name, that sale would attract sales tax, not the first transaction.
The Border Security Force has apprehended a Pakistani youth, who had crossed over to India, and handed him over to Pakistani Rangers at Octroi post in Jammu division, paramilitary officials said on Saturday.
GST will create a single, unified Indian market to make the economy stronger.
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JLR on Monday launched a new variant of Jaguar XF sedan for Rs 45.12 lakh
Jaguar India model range is available at 21 outlets across 19 cities.
The all new XC90 will be available in Inscription and Momentum trims.
Exchange of sweets between border guards of India and Pakistan along the LoC and the IB in Jammu and Kashmir, a regular feature during Eid festivities, did not take place on Wednesday.
The government on Wednesday put on hold a hike in LPG prices in states including Karnataka, Madhya Pradesh and Kerala, where an increase in local levies had led to a rise in fuel rates.
Coinciding with the 3-day traders stir against the implementation of value added tax, the Mid-term Appraisal of the 10th plan has pointed to "serious design flaws" in the tax even as Planning Commission Deputy Chairman Montek Singh
In an attempt to bring uniformity in prices of medicines, Chemicals Minister Ram Vilas Paswan on Wednesday asked the states to exempt them from local taxes or at least advance the implementation of value-added tax regime for drugs.
Industrial output rose to nearly three-year high of 6.4% in August.
Under the GST regime, most manufactured goods will turn cheaper.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
The two sides called for bringing "much needed peace" on the border in the wake of recent exchanges of heavy fire.
The government last year introduced the Insolvency and Bankruptcy Code.
