It will take on Samsung Galaxy Tab models that start at about Rs 24,000.
The revenue collection in the same month a year ago stood at Rs 94,442 crore.
While Congress and the states ruled by non-NDA parties pushed for the Centre meeting its statutory obligation of covering the deficit, the Union government cited a legal opinion to say it had no such obligation if there was a shortfall in tax collections. The Centre as well as BJP-JD-U-ruled Bihar were of the opinion that the states should borrow to make up for the shortfall in the tax revenues that have been compounded by the COVID-19 crisis, sources said.
There has been a marginal dip in the petrol prices.
Airlines likely to be allowed to operate with smaller aircraft.
The train is scheduled to begin it's first commercial run on Sunday with all tickets already sold out.
Suparn Verma remembers the time he spent with the legend during a Rediff Chat.
As there are no takers for the bumper crop of onion and prices are spiralling down, farmers in Indore, Madhya Pradesh are now feeding the bulb to the milch animals.
Have you ever faced terms such as 'service tax', 'VAT' and 'service charge' while eating out at a restaurant. However, instead of asking the restaurant authorities about these terms and their application, have you simply paid up to avoid any potentially embarrassing social encounter? Fear not, after reading this article, you won't face any such problems again.
Oil companies choose to skip the revision this time.
The GST rate for the sector has not yet been finalised by the government.
'The actual price of petrol is Rs 35 and it jumps to Rs 88 because of government taxes.'
As part of a series of chats, which will help understand the significance and scope of US President Barack Obama's visit to India, noted journalist Siddharth Varadarajan interacted with rediff.com readers.
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.
Petrol price has been hiked by Rs 1.82 a litre, excluding taxes, with effect from midnight tonight.
Neutrality and jurisdiction in international trade need to be discussed threadbare before GST is implemented in India.
The oil sector has been quite lucky for the Modi government. It has often provided an opportunity to the government to mend its finances, notes A K Bhattacharya.
Among the A-listers, only Aamir and Akshay consistently deliver hits. They have also been most active is doing projects that go beyond romance or action stories.
The much-vaunted GST will reform India's complex indirect tax system, while maintaining the balance of power between the Centre and states. We bring you the key figures in its evolution. . .
The central government wants to impose the levy; many states are opposed - at least, to the Centre doing so
Vat Vrikshya -- banyan tree in Sanskrit -- helps tribal women, with absolutely zero formal education, set up businesses.
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.
The bill defines electronic cigarettes ss electronic devices that heat a substance, which may contain nicotine and other chemicals, to create vapour for inhalation.
The GST Council is scheduled to meet next on November 10 and may consider lowering tax rates on a host of goods such as handmade furniture, plastic products and daily use items like shampoo.
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Days after the Centre hiked the prices of LPG by Rs 50 per cylinder, Tamil Nadu government on Tuesday cancelled a four per cent value added tax on LPG, bringing down the price of a cylinder by about Rs 15 in the state.
The much awaited new indirect tax regime Goods and Service Tax (GST) is unlikely to be implemented from the scheduled date of April 1, 2011, a top government official said on Tuesday.
In the video, Bachchan explains GST as an unifying force just like the three colours in the national flag.
Finance Minister Pranab Mukherjee on Wednesday proposed a three-rate structure for the Goods and Services Tax -- which will simplify the indirect tax regime -- under which goods will attract 20 per cent levy, services 16 per cent and essential items a concessional 12 per cent.
Though GST could mean complications in the short run, it will bring in undeclared revenues and streamline taxation across the value chain, the benefits should be worth the pain.
A combination of reduced cash intensity, a focused strategy of tax administration and GST is the way to go, say Sakshi Gupta, Tanvi Garg and Abheek Barua.
In order to counter the growing penetration of e-commerce portals, the ICT industry in Gujarat is also mulling initiation of its own portal for selling products.
The columnist attacks Bollywood's pretty young things in her latest column.
The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.
The average listed company has to comply with several laws as it goes about conducting its business. Of these, there are three pieces of legislation that arguably have the most impact on its business.
Petrol price cut by Rs 1.46, diesel by Rs 1.53 per litre
In absolute terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 6.12 lakh crore during April-November 2017-18
The government on Wednesday put on hold a hike in LPG prices in states including Karnataka, Madhya Pradesh and Kerala, where an increase in local levies had led to a rise in fuel rates.
The new Goods and Services Tax (GST) is broadly as announced by Pranab Mukherjee in his Budget speech in July, and will comprise two parallel systems.
Even as the Indian IT industry is studying the fine print of the European Union (EU) to expand the scope of value-added-tax (VAT) from January 1, to include services like back-office operations, call centre work and administrative services delivered from non-EU nations (including India), it does not appear to be unduly perturbed.
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