Sops likely at single tax windows

Finance Minister P Chidambaram is likely to announce sops for large taxpayer units in the coming Budget. The sops may include inter-unit transfer of any excess Cenvat credit for both excise and......

GST on mobiles, fertiliser, garments may be hiked to 18%

Experts said the rate hike would improve working capital position of the manufactures as it would correct the inverted duty structure but may lead to increase in price of the finished goods.......

Transport logistics: Service tax hike is not good for the sector

Having increased the haulage charges by end of 2014 and freight rates in recent railway budget the government the Union Budget 2015-16 has proposed to increase the service tax.  Budget......

Information Technology: Boost for hardware, but disappointment for IT services

The key proposals from the IT industry that were not addressed included removal of dual levies on software products The budget is a mixed for the technology and services sector, as clarification......