Rationalisation Of Taxes
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Budget 2026 Proposes To Rationalise Prosecution Framework In Income Tax Act
At the centre of the overhaul is a onetime, sixmonth foreign asset disclosure window targeted at small taxpayers, including students, NRIs and young professionals who may have inadvertently missed reporting overseas holdings.
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India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
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GST Collections Rise 4.6% To Rs 1.96 Lakh Crore In October
Despite rate rationalisation, the Goods and Services Tax (GST) collections rose 4.6 per cent (year-on-year) in the festive month of October at about Rs 1.96 lakh crore, the official data showed on Saturday.
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In Arunachal Pradesh, PM Modi's Message On Swadeshi, GST
Prime Minister Narendra Modi interacted with traders and merchants of Arunachal Pradesh as the rationalized Goods and Services Tax came into effect across the country today.
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"Can Be A Positive Surprise": Chief Economic Advisor On GST Rationalisation
The GST 2.0 - as the rationalisation of Goods and Services Tax has been dubbed -- could offset the effects of the 50 per cent US tariff on exporters.
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GST Reforms Were In Making For 1.5 Years: Nirmala Sitharaman At GST Conclave
Reduction and rationalisation of Goods and Services Tax slabs - reducing them to two, and exempting certain items, including premiums for health and life insurance - were 18 months in the making, Finance Minister Nirmala Sitharaman told NDTV.
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Why GST Rationalised Now: PM's Economic Adviser Explains
The task of winding up multiple myriad taxes that used to operate before 2014 and shifting to a cleaner, more efficient system was such that testing out the new system was not possible, PM Modi's economic advisor said today.
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"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
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"Biggest Reform Of Independent India": PM Modi Applauds GST Rationalisation
The rationalisation of Goods and Services Tax is the "biggest reform since Independence," Prime Minister Narendra Modi said today
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GST Changes Holistic, Coincidental Some Sectors Hit By Tariffs: Piyush Goyal
The rationalisation of Goods and Services Tax slabs - from four to two, and exemption of certain items, including premiums for health and life insurance - reflect a "holistic and well thought-out" decision, Commerce Minister Piyush Goyal said.
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Budget 2026 Proposes To Rationalise Prosecution Framework In Income Tax Act
At the centre of the overhaul is a onetime, sixmonth foreign asset disclosure window targeted at small taxpayers, including students, NRIs and young professionals who may have inadvertently missed reporting overseas holdings.
-
India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
-
GST Collections Rise 4.6% To Rs 1.96 Lakh Crore In October
Despite rate rationalisation, the Goods and Services Tax (GST) collections rose 4.6 per cent (year-on-year) in the festive month of October at about Rs 1.96 lakh crore, the official data showed on Saturday.
-
In Arunachal Pradesh, PM Modi's Message On Swadeshi, GST
Prime Minister Narendra Modi interacted with traders and merchants of Arunachal Pradesh as the rationalized Goods and Services Tax came into effect across the country today.
-
"Can Be A Positive Surprise": Chief Economic Advisor On GST Rationalisation
The GST 2.0 - as the rationalisation of Goods and Services Tax has been dubbed -- could offset the effects of the 50 per cent US tariff on exporters.
-
GST Reforms Were In Making For 1.5 Years: Nirmala Sitharaman At GST Conclave
Reduction and rationalisation of Goods and Services Tax slabs - reducing them to two, and exempting certain items, including premiums for health and life insurance - were 18 months in the making, Finance Minister Nirmala Sitharaman told NDTV.
-
Why GST Rationalised Now: PM's Economic Adviser Explains
The task of winding up multiple myriad taxes that used to operate before 2014 and shifting to a cleaner, more efficient system was such that testing out the new system was not possible, PM Modi's economic advisor said today.
-
"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
-
"Biggest Reform Of Independent India": PM Modi Applauds GST Rationalisation
The rationalisation of Goods and Services Tax is the "biggest reform since Independence," Prime Minister Narendra Modi said today
-
GST Changes Holistic, Coincidental Some Sectors Hit By Tariffs: Piyush Goyal
The rationalisation of Goods and Services Tax slabs - from four to two, and exemption of certain items, including premiums for health and life insurance - reflect a "holistic and well thought-out" decision, Commerce Minister Piyush Goyal said.
