News for 'VAT'

What if Dear Leader okays a cloning experiment?

What if Dear Leader okays a cloning experiment?

Rediff.com29 Sep 2017

Sounds good? This is science fiction but the science quotient is, so to speak, being enhanced, as the grasp of genetics improves, says Devangshu Datta.

ATF price cut by 4%; non-subsidised LPG by Rs 100

ATF price cut by 4%; non-subsidised LPG by Rs 100

Rediff.com1 Apr 2014

Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,025.34 per kilolitre, or 4 per cent, to Rs 71,800.21 per kl, according to Indian Oil Corp, the nation's largest fuel retailer.

Tata Sons moves Supreme Court against tax demand

Tata Sons moves Supreme Court against tax demand

Rediff.com4 Sep 2015

Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.

If you find a bag of money on the road, don't pick it!

If you find a bag of money on the road, don't pick it!

Rediff.com24 Nov 2016

'Many theories are doing the rounds on how to declare unaccounted income.'
'One of the more interesting ideas I have heard,' says Harsh Roongta, 'is that the tax payer can state that he found the currency notes in a bag on the street.'

Loss on diesel sales rises to Rs 8.37 a litre

Loss on diesel sales rises to Rs 8.37 a litre

Rediff.com3 Mar 2014

The loss on diesel sales has inched up marginally to Rs 8.37 a litre even as a surge in international oil rates and a weakening rupee wiped out gains from a 50 paise increase in the price of the fuel.

Experts fear multiple tax slabs and cess will complicate GST

Experts fear multiple tax slabs and cess will complicate GST

Rediff.com4 Nov 2016

"At present, there are two main rate slabs under which sa majority of goods are covered -- five per cent and 12.5 per cent -- which will now increase to three (five per cent, 12 per cent and 18 per cent).Will this result in multiple litigations is anybody's guess."

Ficci lists reform steps to curb black money menace

Ficci lists reform steps to curb black money menace

Rediff.com19 Feb 2015

It suggested reforms in the real estate sector.

How 'briefcase' firms are robbing the govt of GST tax

How 'briefcase' firms are robbing the govt of GST tax

Rediff.com17 Jan 2019

A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.

Jewellers extend strike for indefinite period

Jewellers extend strike for indefinite period

Rediff.com7 Mar 2016

Jewellers on Monday decided to continue their pan-India strike for an indefinite period against the Budget proposal.

Uber, Ola face higher lease payouts under GST

Uber, Ola face higher lease payouts under GST

Rediff.com17 Jul 2017

GST impact: Higher lease payouts may hit airlines, cab aggregators.

What's in it for me in the upcoming Budget?

What's in it for me in the upcoming Budget?

Rediff.com18 Feb 2016

To incentivise the Micro and Small enterprise is to offer them lower rates of interest based on their business turnover

Petrol, diesel to be cheaper by Rs 2

Petrol, diesel to be cheaper by Rs 2

Rediff.com15 Dec 2014

After today's reduction, petrol price has been cut by Rs 12.27 per litre cumulatively since August.

GST: Celebrations, but fingers crossed!

GST: Celebrations, but fingers crossed!

Rediff.com1 Jul 2017

'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.

GST a disruptive change and tribute to India's democracy: Prez

GST a disruptive change and tribute to India's democracy: Prez

Rediff.com1 Jul 2017

GST will also make our exports more competitive and also provide a level playing field to domestic industry to compete with imports, the President said.

Modi rules out single rate under GST, says Mercedes and milk can't have same tax

Modi rules out single rate under GST, says Mercedes and milk can't have same tax

Rediff.com1 Jul 2018

Modi said the Goods and Services Tax has within one year of its launch led to over 70 per cent jump in indirect taxpayer base, demolished check-posts and merged 17 taxes and 23 cesses into one single tax.

Initial difficulties likely over GST, says Jaitley

Initial difficulties likely over GST, says Jaitley

Rediff.com27 Jun 2017

"To begin with, people could face some difficulties because any changeover has its own problems. But it will settle down and the country will benefit from the new indirect tax regime," Jaitley said at an event organised by ABP News.

Modi on how to track undeclared wealth

Modi on how to track undeclared wealth

Rediff.com1 Sep 2017

Modi said officers must fix clear targets to improve the country's tax administration by 2022, the 75th anniversary of Independence.

GST Bill gets Cabinet nod

GST Bill gets Cabinet nod

Rediff.com17 Dec 2014

The GST will subsume most of the indirect taxes like excise duty and service tax

Ranji roundup: Mumbai on the verge of early exit

Ranji roundup: Mumbai on the verge of early exit

Rediff.com31 Dec 2018

Vidarbha piled up a mammoth 511 in their first essay and then reduced Mumbai to 169 for six on the second day of their Elite Group A Ranji Trophy Game in Nagpur on Monday.

EU calls on Greece to stick with reforms as PM quits

EU calls on Greece to stick with reforms as PM quits

Rediff.com21 Aug 2015

The European Commission urged Greece to stick to commitments it has made to reform its economy as Prime Minister Alexis Tsipras called a snap election within hours of new EU bailout cash arriving in Athens.

Why GST will help the auto industry

Why GST will help the auto industry

Rediff.com28 Sep 2017

GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.

People know oil price rising due to global factors, don't support bandh: Centre

People know oil price rising due to global factors, don't support bandh: Centre

Rediff.com11 Sep 2018

Noting that oil prices had gone down after the BJP-led government came to power in May 2014, before they went up, Prasad said it is a problem whose solution is not in its hands.

Lesser known parties bring out out-of-the-box manifestos in Guj

Lesser known parties bring out out-of-the-box manifestos in Guj

Rediff.com15 Apr 2014

Armed with out-of-the box manifestos that promise abolition of income tax and unemployment allowance to educated youth, 48 Lok Sabha candidates of 21 lesser known parties have jumped in the poll fray in Gujarat.

Tamil Nadu slaps Rs 2,400 cr tax notice on Nokia

Tamil Nadu slaps Rs 2,400 cr tax notice on Nokia

Rediff.com21 Mar 2014

In yet another setback to Finnish handset maker Nokia, the Tamil Nadu government has slapped on it a Rs 2,400 crore (Rs 24 billion) tax demand notice related to the devices sold from its Chennai factory.

GST bill passed in Rajya Sabha; truly historic, says PM

GST bill passed in Rajya Sabha; truly historic, says PM

Rediff.com3 Aug 2016

The GST will replace more than a dozen levies central and state levies, including central excise duty, service tax and central sales tax as well as VAT on sale of goods and entry tax, to make movement of goods seamless across 1.3 billion market.

Here's what Malaika is doing in Berlin

Here's what Malaika is doing in Berlin

Rediff.com30 Jun 2016

The top posts on social media from your favourite Bollywood celebrities.

Markets settle near 3-week low; ITC tanks nearly 7%

Markets settle near 3-week low; ITC tanks nearly 7%

Rediff.com7 Dec 2015

According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.

The trouble with FDI in media

The trouble with FDI in media

Rediff.com3 Dec 2015

100 per cent FDI is now allowed in almost every major TV distribution form (direct-to-home, cable, headend-in-the-sky, multi-system operators) and 49 per cent in TV news.

LPG users' cash subsidy scheme may be reinstated

LPG users' cash subsidy scheme may be reinstated

Rediff.com5 Jun 2014

The Direct Benefit Transfer for LPG scheme was rolled out in 291 districts from June 1, 2013 in six phases to do away with the practice of selling the fuel at below cost rates.

Chronology: GST's 17-year roller coaster ride

Chronology: GST's 17-year roller coaster ride

Rediff.com30 Jun 2017

After 17 tumultuous years, a nationwide Goods and Services Tax (GST) will rollout from midnight of June 30, overhauling India's convoluted indirect taxation system and unifying the $2 trillion economy with 1.3 billion people into a single market.

MP Cong announces slew of incentives in poll manifesto

MP Cong announces slew of incentives in poll manifesto

Rediff.com11 Nov 2013

Congress on Monday announced a slew of populist measures including sops to farmers, students, unemployed youths, minorities, raising subsidised LPG cylinders from 9 to 12 and constitution of Vidhan Parishad in its manifesto for the Madhya Pradesh assembly elections.

Hockey chief Batra elected IOA President unopposed

Hockey chief Batra elected IOA President unopposed

Rediff.com14 Dec 2017

The 59-year-old Batra is one of the few sports administrators to head a national Olympic committee while heading an important international sports federation.

GST rollout on July 1; deadline for filing tax returns extended by 2 months

GST rollout on July 1; deadline for filing tax returns extended by 2 months

Rediff.com18 Jun 2017

As per the revised return filing timeline decided by the Council, for July, the sale returns will have to be filed by September 5 instead of August 10. Companies will have to file sale invoice for August with the GST Network by September 20 instead of September 10 earlier.

Air travel to cost more as govt moots 2% levy on tickets

Air travel to cost more as govt moots 2% levy on tickets

Rediff.com30 Oct 2015

The fare will be cheaper as it will be capped at Rs 2,500 per passenger.

Real Madrid is richest football club in the world

Real Madrid is richest football club in the world

Rediff.com22 Jan 2015

A leap in commercial and broadcast revenue lifted Manchester United into second place behind Real Madrid on the list of the world's richest clubs in 2013-14, according to Deloitte's latest Football Money League.

Vice President Ansari in Laos to strengthen trade, improve ties

Vice President Ansari in Laos to strengthen trade, improve ties

Rediff.com17 Sep 2015

Vice President Hamid Ansari on Thursday visited Angkor Wat days after India allayed Cambodian concerns over reports of building of a replica of the world heritage site in Bihar.

After eating into Apple's share in China, Vivo sets eyes on India

After eating into Apple's share in China, Vivo sets eyes on India

Rediff.com3 Dec 2014

Vivo, a brand of BBK Communication Technology that makes smart devices such as 4G Xshot handset, is now set to enter the fastest-growing smartphone market in India with the first launch planned later this month.

Losses on diesel, LPG sale mount due to weak rupee

Losses on diesel, LPG sale mount due to weak rupee

Rediff.com2 Jul 2013

With rupee falling to new lows, losses on diesel and cooking fuel have widened to their highest levels this year, upsetting the government's subsidy maths.

'If slowdown prolongs we will start seeing casualties'

'If slowdown prolongs we will start seeing casualties'

Rediff.com23 Aug 2019

'We are in the reverse gear and we are not there anywhere compared to the rest of the world'

Kejriwal alleges scam in MCD; demands CBI probe

Kejriwal alleges scam in MCD; demands CBI probe

Rediff.com3 Feb 2016

Delhi CM Arvind Kejriwal said the govt will extend a loan of Rs 551 crore to two civic bodies; and alleged a situation was being created through the ongoing strike to prepare grounds for imposition of central rule.