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indirect taxes News
Who moved my savings? The conundrum of declining savings post-demonetisation
Tue, Feb 20, 2018
Contrary to what preliminary RBI data indicated, the financial savings rate in fiscal year (FY) 2017 declined post- demonetisation even as the deposits in banks grew in droves, noted a report, adding the gains from deposits were not enough to compensate for the sharp fall in currency holdings dur
Govt recovered less than 9% service tax arrears in FY17: CAG
Tue, Dec 19, 2017
"It can be seen that only 8.87% of recoverable arrears could be recovered by the department during 2016-17. Given the significant amounts of arrears to be recovered, it is essential that the tax department specifically focuses on legacy issues even after transition to GST," said the CAG report.
Congress objects, BJP hails passage of GST bills
Thu, Mar 30, 2017
"We support (GST) but the nuances and manner in which it (GST supporting laws) is passed is in contravention of Parliamentary sovereignty," Congress senior leader M Veerappa Moily said.
Corporate leaders see private capex revival from H2
Fri, Mar 17, 2017
"I think it's round the corner, you will see it this year. Better days are coming because I have never seen such strong macro-economic fundamentals," HDFC chairman Deepak Parekh said at the India Today Conclave here.
ITC rallies as GST council caps tax on tobacco and cigarettes
Fri, Mar 17, 2017
Motilal Oswal said, "Cap announced on the cess applicable on the 5 commodities under the GST, to bring the GST rates on these commodities closer to the existing ones. The GST progressed further. Some clarity on rates could bring upsides to stocks like ITC."
Direct tax collection records growth of nearly 11% in April-February; indirect tax collection up 22%
Fri, Mar 10, 2017
The Government of India's net refunds of direct tax collection from April to February 2016-17 has risen 10.7% to Rs 6.17 lakh crore as compared to same period last year.
Chidambaram asks FM Jaitley to cut indirect taxes immediately
Mon, Feb 13, 2017
Chidambaram said Finance Minister Arun Jaitley missed an opportunity at reviving the economy hit by demonetisation.
Here are 20 key Budget 2017 terms that you need to know
Wed, Feb 01, 2017
Here are 20 key Budget 2017 Glossary terms that you need to know before you watch FM Arun Jaitley's Union Budget speech on Wednesday.
Cut indirect tax rates, not direct ones: Chidambaram
Sat, Jan 28, 2017
In view of the "sufferings" of the common people resulting from demonetisation, former Union Finance Minister P. Chidambaram on Saturday suggested that the Centre should cut indirect tax rates to mitigate the hardships people are facing now.
Interest subsidy given to MSEs likely to result in nearly 3 times rise in govt's indirect taxes: Crisil
Tue, Jan 24, 2017
Interest subsidy of Rs 1 crore given to micro and small enterprises (MSEs) is likely to generate nearly three times rise in the government's indirect taxes resulting in creating 38 jobs and increase in revenue and profitability of MSEs, said Crisil in its latest report.