The 12th Finance Commission on Monday held a meeting with leading economists and economic administrators in Chennai to elicit their views on current issues concerning inter-governmental resource transfers.\n\n\n\n
The hikes, effective from midnight tonight, are excluding state sales tax or VAT and actual increase will be higher and will vary from city to city
Petroleum Minister Dharmendra Pradhan's wish to levy indirect tax on petrol unlikely to be taken up
Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.
Ruling out the implementation of value-added tax from June 1, Finance Minister Jaswant Singh on Wednesday announced several excise duty concessions on edible oil and textiles.
According to DBS, GST has growth, inflation and fiscal implications.
Britain is due to leave the European Union by October 31, with Johnson racing against time to strike a deal to meet that deadline.
"This is completely untrue. Please do not re-circulate such message without checking it with authority," Adhia said.
GST is levied on every transaction in the supply of goods and services, barring certain exempted items
Honeypreet stood in the courtroom with folded hands and pleaded innocence with tears in her eyes.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
They say it will have severe impact on their financial strength
The Bill was introduced in the Lok Sabha in December.
The reduction in rates is likely to be announced by the month end as per the practice of fortnightly revision in prices, and has been made possible due to appreciation of rupee against the US dollar.
Oil Minister M Veerappa Moily on Friday hinted at a reduction in price of petrol in next few days, the first cut in rates in over five months.
Riding on Samson's record-breaking unbeaten 212 off just 129 balls, Kerala posted a mammoth 377/3 on the board and restricted Goa to 153/3 after play was called off due to inclement weather.
The rates, on net calorific value (NCV) basis, dropped to $ 5.05 per mmBtu for six month period beginning April 1, 2015.
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
A prolonged war in Iraq would shake the Indian economy with oil prices going up and growth rate dropping to 2.5 per cent, A C Muthiah, the president of Federation of Indian Chamber of Commerce and Industry
By doing away with the 1 per cent inter-state tax over and above the GST rate, the government has met one of the three key demands over which Opposition Congress has been blocking the Bill in the Upper House
Jet fuel (ATF) rates were on slashed by a steep 12.5 per cent, the sixth straight reduction in prices since August, as international oil prices slumped to five-year low levels.
Experts have flagged issues regarding the levying of new cess/tax, especially those related to complications in administering the cess.
In five monthly reduction, non-domestic LPG rates have been slashed by Rs 170.5 per cylinder, bringing the price at three-year lows.
Jaitley says govt is open to scrapping 1% additional tax on GST
Finance Minister Arun Jaitley on Wednesday said for the first time fiscal deficit target will be met without budgetary cuts.
The CBEC will itself be rechristened as the Central Board of Indirect Taxes and Customs and will supervise GST and Customs activities and provide the government policy inputs.
Besides, the government would also undertake and promote steps for water conservation and curbing extraction of underground water, which is depleting the water table and is a matter of concern, the minister said.
Jet fuel constitutes over 40 per cent of an airline's operating costs and the price cut will bring relief to the cash-strapped carriers.
It expects the Indian market to grow to 10 million units annually by 2030 and it intends to control half the market then, like it does now.
The Aam Aadmi Party government's first 100 days in power in Delhi have been a mixed bag
While LPG price was raised by Rs 18, kerosene saw a hike of Rs 3 per litre
The next meeting of the GST Council on January 16 would discuss the issue of jurisdiction over assessees as well as try to reach a finality on taxation of territorial waters
The final rate will be worked out by the GST Council, Finance Minister Arun Jaitley said on Wednesday.
On April 5, 2016, the Nitish Kumar-led government imposed total prohibition in Bihar. M I Khan crunches numbers for the REAL picture since then.
