September 30, 2021 4:55 pm
In a notification dated September 29, the Central Board of Indirect Taxes and Customs (CBIC) said the exemption would come into force on October 1, 2021, and remain in force up to December 31, 2021.
April 13, 2021 2:06 pm
The mop-up through indirect taxes, which include GST, Customs and excise duties, was Rs 9.54 lakh crore in 2019-20. In the Revised Estimates (RE) for 2020-21, the target was set at Rs 9.89 lakh crore.
September 21, 2020 5:15 am
While the industry has estimated price escalation by Rs 600-Rs 1,200 per unit depending on the size, sources in the government have said that the impact wouldn’t be more than Rs 200 for a TV set.
July 05, 2019 8:02 pm
Meanwhile, as a result of the hike in customs duty, gold prices in the national capital escalated by Rs 590 to Rs 34,800 per 10 gram.
June 16, 2018 12:48 am
India has now submitted a revised list of 30 items -- including motor cycle, certain iron and steel goods, boric acid and lentils -- to the WTO on which it proposes to raise customs duty by up to 50 per cent.
December 15, 2017 2:43 pm
The duty on monitors and projectors has also been doubled to 20 per cent, said the notification issued by Department of Revenue of the ministry.
August 12, 2015 2:31 am
Service tax was hiked to 14 per cent from 12.36 per cent effective June this year while the excise duty was increased marginally to 12.5 per cent from 12.36 per cent in the Budget.
July 13, 2015 1:51 am
Jaitley said a large chunk of investment needs to be channelised into rural infrastructure development, with special emphasis on irrigation.
July 23, 2014 3:08 am
The government has budgeted Rs 6,24,902 crore from indirect taxes this year.
November 14, 2013 1:27 am