indirect taxes

INDIRECT TAXES NEWS

Boost household income, simplify indirect taxes, put conditions on capex loans to states and support MSMEs

January 24, 2025 7:59 am

Overall, the Government of India needs to seize the opportunity presented by the Union Budget 2025-26 to articulate its long-term economic vision, rather than getting distracted by short-term trends.

Concessional import duty: Prior info of goods a must

May 18, 2021 11:59 pm

The CBIC has amended the Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, which lay down the procedures and manner in which an importer can avail the benefit of a concessional duty on import of goods required for domestic production of goods or providing services.

Risk parameters developed to audit taxpayers filing annual GST returns

June 27, 2019 1:28 am

GST audits were earlier scheduled to commence from July 1 for those taxpayers who have filed their GST annual return.

Don’t be overzealous, be taxpayer friendly: Piyush Goyal urges tax officials

January 29, 2019 5:52 pm

“Very often in the over-enthusiasm of tax administration, we become overzealous and that causes a lot of agony, particularly to the honest taxpayer who believes that I have done no wrong but why should I be in general category of facing the wrath of tax administration," said Goyal.

Waiting for GST

May 08, 2015 12:45 am

This crucial reform has been pending too long. Time now for the Rajya Sabha to pass the bill.

Lok Sabha approves GST Bill, paves way for uniform tax regime

May 07, 2015 6:26 am

Jaitley said that the proposal for a reform of the indirect taxes had been pending for 12 years.

For greater compliance, Centre cuts penalties on indirect tax

March 02, 2015 1:41 am

Section 11AC of the Excise Act has been amended for similar cases and the taxpayer can now pay the duty along with a penalty of 10 per cent of the duty.

Ramdev urges Modi to abolish taxes

January 05, 2014 2:43 am

Ramdev urged Modi to abolish all direct and indirect taxes to stem corruption and black money.

No rollback of duty hike on SUVs,but incentives soon,says P. Chidambaram

March 04, 2013 7:33 pm

Decisions,mainly on indirect taxes,to be announced during course of debate on Budget: FM

They scrutinise assets of others,but yet to post own returns online

December 27, 2011 3:00 am

CBEC is yet to decide on the issue,says spokesperson Samanjasa Da.

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