Journalism of Courage
Indirect tax
INDIRECT TAX NEWS
Union Budget 2025: These indirect tax initiatives can unlock India's growth potential
January 16, 2025 7:37 pm
Union Budget 2025: CBIC has been taking steps to digitise the compliance processes such as broad-basing e-invoicing and Invoice Management System (IMS) for credits under GST, and promoting faceless assessment.
CBIC extends interest waiver on customs duty payable via ECL till April 13
April 12, 2023 11:55 am
The CBIC has extended the interest waiver on customs duty payable by importers and exporters through the Electronic Cash Ledger (ECL) till April 13.
GST evasion, ITC misuse over Rs 5 crore may face prosecution
September 04, 2022 10:32 am
In case of public limited companies, prosecution can not be launched “indiscriminately against all the Directors of the company” but should be restricted to only persons who oversaw day-to-day operations of the company and have taken “active part in committing the tax evasion or had connived at it,” it said.
Indirect tax revenue up 12% at Rs 10.71 lakh crore in FY21, exceeds Revised Estimates
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.
Centre’s reliance on indirect tax revenue, pro-rich policy, has deprived govt of resources during COVID crisis
August 11, 2020 11:56 am
COVID-19 may be a blessing in disguise if it allows India to reform its tax system in order to make it work towards inclusive growth and sustainable development rather than targeting only investment-led economic growth. After all, India’s tax-GDP ratio was only 10.9 per cent in 2019, as against the OECD average of 34 per cent.
Centre cuts GST rates on oil exploration & production
October 12, 2017 1:30 am
Sets the ball rolling for likely inclusion of petro items in new indirect tax regime.
Indirect tax mop up grows 41% on central excise spurt
May 10, 2016 2:22 am
Excluding the collections through additional resource mobilisation measures, indirect tax mop-up rose by 17 per cent in April.
‘High indirect tax mop-up reflects economic revival’
August 13, 2015 2:03 am
The growth in the revenue mop up is also marked by increase in service tax rate which will contribute an additional Rs 20,000 crore to the kitty.
Indirect Tax Mop-up Rises: Room for govt to open spending tap
June 30, 2015 1:15 am
With the government enjoying a surge in revenue on greater collection of excise and customs duties, revenue growth target could eventually be exceeded by a large margin.
25-30% of state’s share in GST must go to urban local bodies
June 04, 2015 3:22 am
Goods and services tax to subsume most revenue sources of urban bodies: Urban Development Min.
Advertisement
Best of Express
CitiesEknath Shinde interview: ‘Mumbai is not a cake to be cut into pieces… Thackerays forget Marathis after polls’
EntertainmentKamna Chandra on working with Raj Kapoor and Yash Chopra, and where Sanjay Leela Bhansali's Devdas went wrong
EntertainmentExclusive | Shark Tank India's Mohit Yadav says investors rejected him, mortgaged house for Rs 1 cr, earned it back 2955 times
TrendingTamil Nadu CM Stalin expresses gratitude to Anand Mahindra for hailing Chennai's bio mining initiative to clear 50 lakh metric tonnes of waste from Perugudi site
Trending'Lot of risks, zero benefits': This high-rise painter earns ₹35,000 monthly, video sparks debate
Advertisement
Advertisement