Revenue Collection
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Kyoto Introduces Japan's Highest-Ever Hotel Tax To Tackle Overtourism
The funds collected will be reinvested in areas such as public transport, waste management, and heritage preservation in Kyoto.
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Pakistan, IMF Begin Review Talks On $7 Billion Loan: Report
An IMF team is in Pakistan to review the implementation of the USD 7 billion Extended Financing Facility (EFF) and the USD 1.1 billion Resilience and Sustainability Facility (RSF).
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"Not Sitting With Huge Suitcase...": N Sitharaman On GST Compensation Demands
Responding to complaints from states that they will not be compensated for losses in revenue, if any, from the GST reforms, Nirmala Sitharaman has said the decision was taken by consensus in the GST council.
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Keep 2, Eliminate 2. Rationale Behind Proposed New GST Rates Explained
Rationalisation of the GST framework - a process that began this morning with Finance Minister Nirmala Sitharaman chairing a GST Council meet - is based on sharp differences in revenue collected under each of the existing four slabs.
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Highway Toll Operators To Get 3 Months' Compensation For Loss Due To FASTag Annual Pass
Highway toll plaza operators will get compensation from NHAI for three months for difference in user fee collections due to introduction of FASTag annual pass for private non-commercial vehicles beginning August 15.
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Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
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GST Collections Rise 7.5% In July To Rs 1.96 Lakh Crore
India's Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month previous year, according to government data released on Friday.
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How Much Cheaper Will Whiskey Be After India-UK Free Trade Deal: 10 Points
The India-UK Free Trade Agreement (FTA) will lead to a reduction in prices of scotch whiskey, but not to such an extent that it would reshape the market. The price cuts are highly dependent on the pricing mechanism of every state.
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Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
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Elon Musk's X Files Lawsuit Accusing Advertisers of Boycotting Platform
Elon Musk-owned X has filed a lawsuit in federal court in Texas against the World Federation of Advertisers, Unilever and Danish renewable energy company Orsted, in addition to Mars and CVS Health. The lawsuit has alleged that advertisers have collectively withheld billions of dollars in advertising revenue from X.
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GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here's What Led To It
Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.
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Punjab Cabinet Okays New Excise Policy, Aims At Over Rs 10,000 Crore Collections
The Punjab cabinet gave its nod on Saturday to the excise policy for 2024-25, which is aimed at garnering revenue to the tune of more than Rs 10,000 crore from the sale of liquor.
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Kerala's Sabarimala Temple Collections Cross Rs 200 Crore In 5 Weeks
The revenue collection at Sabarimala crossed Rs 200 crore today as the first leg of the two-month-long annual pilgrimage season is set for culmination with the auspicious Mandala Pooja on December 27.
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Google to Pay Over $155 Million to Settle Claims About Tracking Location Data
Google agreed to pay $155 million (nearly Rs. 1,300 crore) to settle claims by California and private plaintiffs that the search engine company misled consumers about how it tracks their locations, and used their data without consent. Both settlements resolve claims that the Alphabet unit deceived people into believing they maintained control over ...
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Facebook Parent Meta Fined AUD 20 Million for Undisclosed User Data Collection
An Australian court ordered Facebook owner Meta Platforms to pay fines totalling AUD 20 million (nearly Rs. 110 crore) for collecting user data through a smartphone application advertised as a way to protect privacy without disclosing its actions. The fine wraps up one strand of Meta's legal issues in Australia related to its handling of user infor...
-
Kyoto Introduces Japan's Highest-Ever Hotel Tax To Tackle Overtourism
The funds collected will be reinvested in areas such as public transport, waste management, and heritage preservation in Kyoto.
-
Pakistan, IMF Begin Review Talks On $7 Billion Loan: Report
An IMF team is in Pakistan to review the implementation of the USD 7 billion Extended Financing Facility (EFF) and the USD 1.1 billion Resilience and Sustainability Facility (RSF).
-
"Not Sitting With Huge Suitcase...": N Sitharaman On GST Compensation Demands
Responding to complaints from states that they will not be compensated for losses in revenue, if any, from the GST reforms, Nirmala Sitharaman has said the decision was taken by consensus in the GST council.
-
Keep 2, Eliminate 2. Rationale Behind Proposed New GST Rates Explained
Rationalisation of the GST framework - a process that began this morning with Finance Minister Nirmala Sitharaman chairing a GST Council meet - is based on sharp differences in revenue collected under each of the existing four slabs.
-
Highway Toll Operators To Get 3 Months' Compensation For Loss Due To FASTag Annual Pass
Highway toll plaza operators will get compensation from NHAI for three months for difference in user fee collections due to introduction of FASTag annual pass for private non-commercial vehicles beginning August 15.
-
Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
-
GST Collections Rise 7.5% In July To Rs 1.96 Lakh Crore
India's Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month previous year, according to government data released on Friday.
-
How Much Cheaper Will Whiskey Be After India-UK Free Trade Deal: 10 Points
The India-UK Free Trade Agreement (FTA) will lead to a reduction in prices of scotch whiskey, but not to such an extent that it would reshape the market. The price cuts are highly dependent on the pricing mechanism of every state.
-
Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
-
Elon Musk's X Files Lawsuit Accusing Advertisers of Boycotting Platform
Elon Musk-owned X has filed a lawsuit in federal court in Texas against the World Federation of Advertisers, Unilever and Danish renewable energy company Orsted, in addition to Mars and CVS Health. The lawsuit has alleged that advertisers have collectively withheld billions of dollars in advertising revenue from X.
-
GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here's What Led To It
Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.
-
Punjab Cabinet Okays New Excise Policy, Aims At Over Rs 10,000 Crore Collections
The Punjab cabinet gave its nod on Saturday to the excise policy for 2024-25, which is aimed at garnering revenue to the tune of more than Rs 10,000 crore from the sale of liquor.
-
Kerala's Sabarimala Temple Collections Cross Rs 200 Crore In 5 Weeks
The revenue collection at Sabarimala crossed Rs 200 crore today as the first leg of the two-month-long annual pilgrimage season is set for culmination with the auspicious Mandala Pooja on December 27.
-
Google to Pay Over $155 Million to Settle Claims About Tracking Location Data
Google agreed to pay $155 million (nearly Rs. 1,300 crore) to settle claims by California and private plaintiffs that the search engine company misled consumers about how it tracks their locations, and used their data without consent. Both settlements resolve claims that the Alphabet unit deceived people into believing they maintained control over ...
-
Facebook Parent Meta Fined AUD 20 Million for Undisclosed User Data Collection
An Australian court ordered Facebook owner Meta Platforms to pay fines totalling AUD 20 million (nearly Rs. 110 crore) for collecting user data through a smartphone application advertised as a way to protect privacy without disclosing its actions. The fine wraps up one strand of Meta's legal issues in Australia related to its handling of user infor...
