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Rebooting Economy 70: The Bombay Plan and the concept of AatmaNirbhar Bharat
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Total 1803 results found. Search for
[ Indirect tax ]
Results 1 to 21 of 1803
FY21 GST revenue inches close to FY20 collection despite Covid disruptions
Ashutosh Kumar
March 5, 2021
GST collections had plummeted by more than 50 percent year on year (YoY) during the lockdown months of April and May last year
SBI Ecowrap lowers FY21 GDP growth forecast to -8%
Chitranjan Kumar
February 27, 2021
New curbs on movement of people or restrictions on businesses are a risk to the nascent recovery, given that gains in Q3 FY21 probably came from the reopening of the economy, says SBI Ecowrap report
Centre, states must cut taxes on fuel, says RBI Governor Shaktikanta Das
Manoj Sharma
February 25, 2021
There is a need for coordinated action between centre and states to reduce taxes because there are indirect taxes levied both of them, says RBI Governor Shaktikanta Das
Govt may address GST anomaly on domestic shipping firms amid SCI strategic sale
Ashutosh Kumar
February 24, 2021
Indian shipping companies are subject to 5 per cent GST if an overseas consignor appoints them for import cargo transportation but if the consignor appoints a foreign shipping line for the same service, GST is not applicable as the shipping company is not registered in India
MPC minutes: Member calls for 'highest policy attention' to allay financial stability fears
BusinessToday.In
February 22, 2021
Although banks have bolstered their capital buffers in comparison to the global financial crisis, the stress in the financial sector's balance sheets could intensify, noted MPC member Michael Debabrata Patra
Cut indirect taxes on petrol, diesel: RBI Governor to Centre, states
Vivek Punj
February 22, 2021
Taxes levied by the Centre and states constitute more than half of petrol and diesel prices, accounting for 60 per cent of the retail cost of the former and 54 per cent of the latter
Whose advice should Finance Minister Nirmala Sitharaman follow - RBI or Chief Economic Advisor?
Anand Adhikari
February 19, 2021
The RBI working paper co-authored by RBI Deputy Governor Michael Debabrata Patra, who is also a member of the six-member monetary policy committee has recommended that maintaining the inflation target at 4 per cent is appropriate for the country
Commercial markets to remain close on Feb 26 on CAIT's Bharat Bandh call
PTI
February 18, 2021
The Confederation of All India Traders (CAIT) said dharnas (protests) will be held nationwide in 1,500 places demanding the Centre, state governments and the GST Council to keep in abeyance the \"draconian\" provisions of GST
Taxpayers registration to be suspended for 'significant anomalies' in GST sales return
PTI
February 14, 2021
The Central Board of Indirect Taxes and Customs (CBIC) has issued an SOP for suspension of registration of a person on the observance of such discrepancies/anomalies which indicate violation of the GST Act
Keep in mind exemption limit while complaining about few taxpayers: Revenue Secy
Dipak Mondal
February 9, 2021
The government had raised the threshold income for paying tax to Rs 5 lakh in the interim budget of 2019. According to data from the income tax department, there were 8.04 crore individual taxpayers in assessment year 2018-19 of which 5.95 crore filed returns
Union Budget 2021: A budget after pandemic - like never before
Saloni Roy
February 2, 2021
This year's budget was in the midst of the pandemic, but stayed on the path of 'AtmaNirbhar Bharat Abhiyan' that supplements the Make in India vision of the government
Budget 2021: Measures for MSMEs, startups growth-oriented but businesses want more
Amarjeet Singh
February 2, 2021
Whilst the government's proposals are moving in the right direction, further intervention is the need of the hour to aid significant sectoral growth
FM Sitharaman shares indirect tax proposals including a smoother GST system
BusinessToday.In
New Delhi, February 1, 2021
In a first-ever paperless budget presented today, FM Sitharaman attributed the success of earlier reforms to AI and data analytics. She also introduced some more much-awaited reforms while promising to smoothen the GST structure. Saloni Roy, Senior Director, Deloitte India breaks down the indirect tax proposals in the Budget and explains whether they have met expectations or not. Watch the video for more.Also Read: Budget 2021: Impetus to affordable housing welcome, more needs to be done, say realtors
Budget unleashes reforms in tax dispute resolution mechanism
Mukesh Butani
February 1, 2021
Substantial changes have been introduced in relation to Tax Dispute Resolution mechanism to impart greater efficiency, transparency and accountability by eliminating interface to the extent technologically feasible by optimising utilisation of resources and introducing dynamic jurisdiction
Budget 2021: Laying the foundation for infrastructure-led growth
Bhavik Damodar
February 1, 2021
There is a renewed investment focus across infrastructure sectors including railways, healthcare, water and waste, urban infrastructure, roads and highways, city gas, dedicated freight corridors and infrastructure for hydrogen energy production and fishing, ship recycling hubs
Budget 2021: Why petrol, diesel prices won't increase despite new agri cess
Sumant Banerji
February 1, 2021
Union Budget 2021-22 news: The government has imposed a steep agriculture infrastructure and development cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel but has cushioned it with a commensurate reduction in excise duty on the two fuels to not burden consumers
No need for senior citizens above 75 years with only pension, interest income to file ITR
BusinessToday.In
February 1, 2021
In a major move, FM Sitharaman reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years
COVID knocked out tourism, can Budget 2021 revive it?
BusinessToday.In
February 1, 2021
Several experts are of the view that the sector may take 3-4 years to fully recover and are expecting the Centre to grant long pending demand for industry status to the sector as well as lower GST rates, thereby giving direct relief, particularly to hotels
Budget 2021 Highlights: Chidambaram lashes out at govt; says migrants, farmers deceived
BusinessToday.In
February 1, 2021
Union Budget 2021 Highlights: Congress leader P. Chidambaram said that the government had only marginally raised health funding, which when adjusted to inflation becomes nil
Budget 2021 speech highlights: IPO of LIC to come in 2021-22, says FM
BusinessToday.In
February 1, 2021
Finance Minister Nirmala Sitharaman says preparation of this Budget was taken under circumstances like never before
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