Breaking News

Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

Taxation News

GST department doubles down efforts to reach FY24 targets

Despite substantial monthly GST collections, the Revenue Department is doin...

14 Feb 2024 05:54 PM IST Taxation

GST compensation cess may get a new avatar

The goods and services tax (GST) compensation cess, which expires in March...

14 Feb 2024 02:35 PM IST Taxation

GST Council likely to discuss coinsurance, reinsurance issues at next meet

According to a senior government official, Goods and Services Tax (GST) co-...

12 Feb 2024 02:13 PM IST Taxation

Net direct tax collection rises 20% and surpasses revised forecasts of 80% due to improved compliance, PIT

The Income Tax Department announced on Sunday that net direct tax collectio...

12 Feb 2024 11:04 AM IST Taxation

GST rate rationalisation likely to take place after Lok Sabha polls: FinMin official

GST rate rationalisation, in all probability, will take place only after Lo...

09 Feb 2024 10:55 AM IST Taxation

Parliament panel recommends govt to seek 3-year deferment on EU carbon tax for MSMEs

A parliamentary panel has suggested that the Indian government should seek...

08 Feb 2024 05:53 PM IST Taxation

RBI retains repo rate at 6.5% for sixth consecutive time

The Reserve Bank of India on Thursday decided to keep the policy rate uncha...

08 Feb 2024 10:24 AM IST Taxation

GST officials employ data analytics, AI to bust tax evasion cases

Government of India has informed the Lok Sabha that GST officers are utilis...

06 Feb 2024 03:37 PM IST Taxation

Tax collections projects 14% higher in FY25 Union Budget despite fall in tax buoyancy

The Ministry of Finance may project gross tax collections of ₹38.3 lakh cro...

01 Feb 2024 01:06 PM IST Taxation

Budget: Sitharaman hikes capital spend, trims deficit for next fiscal; tax rates unchanged

Finance Minister Nirmala Sitharaman on Thursday hiked capital expenditure b...

01 Feb 2024 12:35 PM IST Taxation

GST collections in January at ₹1.72 lakh crore, second-highest ever

The government's Goods and Services Tax (GST) collections rose to ₹1.72 lak...

31 Jan 2024 08:18 PM IST Taxation

Companies gear up for litigation on GST anti-profiteering clause

Companies are bracing for further litigation, questioning the National Anti...

31 Jan 2024 12:48 PM IST Taxation

Reckless issuance of GST notices may lead to litigations, CBIC urges caution

The Central Board of Indirect Taxes & Customs (CBIC) has advised its of...

25 Jan 2024 12:10 PM IST Taxation

NRI selling immovable property in India? There are strings attached! Know tax implications

Sale of immovable property in India owned by a Non-resident (NR) individual...

11 Jan 2024 12:25 AM IST Taxation

India's steel ministry not seeking higher import taxes -govt source

India's federal Ministry of Steel has no immediate plans to seek higher tax...

11 Jan 2024 12:22 AM IST Taxation