The Centre has told the Supreme Court that West Bengal's power to withhold consent to the Central Bureau of Investigation is not absolute and the probe agency is entitled to carry out investigations that are being carried out against Central government employees or have a pan-India impact.
Neither the ruling DMK nor the fractured AIADMK Opposition anticipated that an assembly by-election would put them both to test, observes N Sathiya Moorthy.
Higher oil prices, while not having an impact on Centre's revenues due to fixed tax rate, are pushing up states' sales tax revenue.
A division bench of Justices S S Shinde and N R Borkar said Wankhede shall appear before the Thane police on February 23 (Wednesday) pursuant to the summons issued to him and extend his full cooperation with the investigation.
Senior Indian Administrative Services officer Ashok Singhvi, who is the Principal Secretary (Mines) in Rajasthan, was arrested in the wee hours of Thursday by the state Anti Corruption Bureau in the eighth arrest in a bribery case involving clearance for reopening of six closed mines of a miner.
Dr Zaheed Qureshi said that when his daughter Shabana married Sameer Wankhede, the latter practised Islam, and would occasionally visit mosques.
'The chief minister has said on the floor of the House that he knows everything (about the criminal-politician mafia).' 'If you know about this nexus, why aren't you acting against them?' 'Ask him why is he so helpless.'
References to the repealed laws for service tax, purchase tax, etc, continue in the SEZ laws.
In the 2018 assembly polls, the Congress shocked the BJP by securing 30 of the 47 ST seats, proving that this vote bank has drifted away from the ruling party over some time. Sandeep Kumar reports.
The Election Commission has deployed 36 observers for monitoring the flow of illegal cash and other inducements during the upcoming assembly polls in Meghalaya, Nagaland and Tripura. The officials have been deputed by the Central Board of Direct Taxes (Income Tax department) and Central Board of Excise and Customs (Customs and Excise department) and will act as Election Expenditure Observers, a senior Revenue department official said.
Custom duties, a major concern for the oil sector.
The Bihar government has challenged the high court verdict of September 30 which had quashed the notification banning consumption and sale of liquor in the state.
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
The government should bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister Narendra Modi's vision for a gas-based economy and raising the share of the environment-friendly fuel in India's energy basket, an industry body that represents the likes of Reliance Industries as well as state-owned firms, has said. Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel. In its pre-Budget memorandum to the finance ministry, Federation of Indian Petroleum Industry (FIPI), which boasts of members from across the oil and gas spectrum, also demanded rationalisation of GST on transportation of natural gas through pipeline as well as on re-gasification of imported LNG to help bring down cost of the environment friendly fuel.
The window for registration is open up to September 30
Puri Jagannadh also gave his blood sample.
The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue.
The demand for extension of the GST cess regime among others was made by several state finance ministers at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman in New Delhi. Besides, many states also demanded raising the share of the Union government in the Centrally Sponsored Schemes (CSS). Currently, the central government and state government share in some CSS is 60:40 while in others it is 75:25.
The government allowed sugar companies and distilleries to make hand sanitizers using ethanol. Sugar companies supply ethanol to oil marketing companies for blending with petrol.
Top management of firms should be summoned for a few specified reasons and after written justification at a senior level.
Increase in tax exemption limit by Rs 50000 is positive for the FMCG sector, as it will leave more discretionary income in the hands of consumers.
In part four of a series, Arbind Modi & Arvind Subramanian explain how scrapping the exemptions for the countervailing duty will eliminate the negative protection facing Indian manufacturers
'The BJP is scared it may lose the Delhi municipal elections where they have been in power for the last 15 years.'
He was arrested late on Wednesday evening from a village under Amba police station area in Aurangabad district by a joint excise and police team.
Union budget was mildly for cable broadcasting industry and DTH.
The previous best selling year was 2010 when Maruti managed to sell around 10.6 lakh (1.06 million) units.
'There are deliberations on whether there can be lowering of income taxes and other sops to keep more money in the hands of taxpayers, enabling them to spend more and boost demand.'
Jewellers on Monday decided to continue their pan-India strike for an indefinite period against the Budget proposal.
A look at the key decisions taken by the Narendra Modi government in its six months.
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.
In order to stop the production and sale of illicit liquor, Maharashtra government is considering a proposal to amend the existing law.
India's tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections resulting from a disproportionate impact of the COVID-19 carnage on incomes. The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct taxes - made up of corporate and personal income tax - has gone down in 2020. In an interview with PTI, finance secretary Ajay Bhushan Pandey said in a pandemic like this where the economy has been impacted, any large scale changes impact direct taxes more severely, whereas indirect tax collection is mostly proportional to business turnover and compliance.
Teja is among the 12 personalities from the Telugu film industry summoned by the SIT.
The auto industry expects lower taxes and interest rates from Budget 2015.
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
High-pitched identity politics, which is the norm in the northeast, has continued to compound the boundary problem.
Petroleum being out of the goods and services tax initially will create some anomaly as tax credit on some of the inputs to oil industry may not be given, said revenue secretary Hasmukh Adhia.
The EC has asked all departments to deploy round-the-clock flying squads, quick-response teams, and high-tech machinery to check money inflow. They are also to examine vehicles passing though check-posts, reports Shrimi Choudhary.
The financial fraud, one of the biggest in the state as per records, was being investigated by the different departments of Himachal Pradesh for the past over four years.
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