Manufacturing taxes, VAT will come down, assures Jaitley
The clarification comes amid reports that sweet shops have discontinued chocolate barfis and chocolate sandesh.
Under the Commission proposal, Greece would get the whole 7 billion in one go
Maruti Suzuki signed a State Support Agreement with the Gujarat government in June 2012 for buying land and setting up a factory
The Bill has already been passed by the Lok Sabha.
The state has extended its full support, provided its revenues are protected.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
Mishra alleged that the Aam Aadmi Party received money from a company of Delhi based lawyer Rohit Tandon, whose assets worth crores have been attached by the Enforcement Directorate over alleged money laundering after demonetisation.
These builders had collected the taxes from prospective buyers but had failed to deposit them.
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Observing that the prime reason for these losses was high fuel cost which constituted almost 40-50 per cent of an airline's total costs, Civil Aviation Minister Ajit Singh said the aviation turbine fuel (ATF) prices were high due to rising base price and "very high VAT imposed by state governments."
This is, say tax experts, the first time that a car race circuit has been held to be the permanent establishment of an assessee.
They would intensify the protest if their concerns are not addressed in the Budget.
The Department of Telecom is believed to have sought a 15-year tax holiday on domestic production of handsets and a lower unifom VAT rate among other relaxations to rejuvenate mobile phone manufacturing in the country.
'If petro products are brought into GST, then there will be minor impact on the incidence of tax... and minor impact on prices. The price of petrol, diesel will continue to be driven by global factors'
The GST Council last year imposed a cess of 15 per cent on hybrid vehicles, in addition to the 28 per cent GST, leading to a total tax burden of 43 per cent against a previous tax rate of 28 per cent.
The finance minister has labelled about 65 per cent of the fuel excise revenue as cess, including the restructured road and infrastructure cess
The Central government is stuck between the devil and the deep blue sea as far as the runaway fuel prices are concerned.
Large states like Andhra, Chhattisgarh, Gujarat, Himachal, MP, Odisha, Punjab and Tamil Nadu would need compensation from the Centre
Higher oil prices, while not having an impact on Centre's revenues due to fixed tax rate, are pushing up states' sales tax revenue.
Most say they will review their Make in India plans as prices may top pre-GST level
Only after its recommendations will the central GST, integrated GST and state GST Bills be taken up
India is the second largest buyer of Iranian crude, after China.
If you are making any drastic changes, make sure there is adequate documentation
If the government tries to bring in real estate under GST now, it will be a typical case of biting more than what one can chew, says Sukumar Mukhopadhyay.
Here's everything you need to know about the Goods and Services Tax Bill.
Jet fuel constitutes over 40 per cent of an airline's operating costs and the price increase will raise the financial burden on cash-strapped carriers.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
'The only way to minimise logical inconsistencies and confusion is to develop the two rates of 12% and 18% as the ones that apply to almost all items.' 'At a later stage, these two rates could be merged into a single rate,' advises T N Ninan.
The very design of the GST will bring in revenue buoyancy.
The income tax department on Monday released rules for equalisation levy - a tax on online advertisements that would come into effect from June 1.
After coming into effect, the Real Estate Regulation Act will ensure that developers are unable to take home buyers for a ride
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.
Increasing female economic participation by ensuring equal work opportunities for women and expanding access to education and skills training for female entrepreneurs.
Petrol and diesel prices on Tuesday touched fresh highs as rupee dipped to a record low of 71.54 against US dollar, making imports costlier
Domestic airlines expect the fall in prices of aviation fuel to boost their earnings from the quarter ending December.
A minimum levy of 12 per cent GST on tea will increase the cost, which will ultimately be passed on to consumers.
States' demand for 5 years and Constitutional provision ruled out
Taxes on ATF in India are among world's highest, and are seen as key reason for mounting losses of airlines.
The Opposition said that the government was 'bull-dozing'.
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