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Can Liquor Come Under GST? What Nirmala Sitharaman Told NDTV
Including liquor for human consumption within the GST ambit - as opposed to it being covered by state excise duties and Value Added Tax - is "entirely dependent" on decisions taken by individual states, Finance Minister Nirmala Sitharaman said.
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Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
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Trump's Massive Tariffs Haven't Done Much Economic Damage Yet
Trump has plastered 10% taxes on imports from almost every country on earth. He's also imposed 25% duties on cars, aluminum, steel, and many imports from Canada and Mexico.
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India Will Retaliate If EU Imposes Carbon Tax: Union Minister Piyush Goyal
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.
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Video: Donald Trump Claims He "Heard India Will Drop Tariffs Substantially"
Little over twenty-four hours before he drops the reciprocal tariff bomb for the world, including his countrymen to deal with, Donald Trump has made a stunning claim - that he heard India will drop tariffs on US imports substantially.
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India Says "No Commitments" To Tariff Cuts After Trump's Tax Cut Claim
India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down".
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Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
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Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
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"This Would Be Biggest Trade War": Canada Warns US Amid Trump Threats
Americans will be hit by a "Trump tariffs tax" if the US president-elect increases customs duties on Canadian products, the Canadian foreign minister said Friday, pledging a hard-hitting response in any trade war.
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Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
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'Tax Collector' Elephant In Sri Lanka Goes Viral For Stopping Vehicles, Seeking Food
Social media users have given their seal of approval to Raja to continue his bureaucratic duties and chomp on bananas and other fruits.
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Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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Tax Storm For Volkswagen India, $1.4 Billion Evasion Notice Issued: Details
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser
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Telcos Can Claim Tax Credit For Duties Paid On Towers, Others: Supreme Court
In a relief to mobile service providers, the Supreme Court on Wednesday held that the telecom companies can take the benefit of CENVAT credit for payment of service tax on the output services rendered by them.
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Can Liquor Come Under GST? What Nirmala Sitharaman Told NDTV
Including liquor for human consumption within the GST ambit - as opposed to it being covered by state excise duties and Value Added Tax - is "entirely dependent" on decisions taken by individual states, Finance Minister Nirmala Sitharaman said.
-
Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
-
Trump's Massive Tariffs Haven't Done Much Economic Damage Yet
Trump has plastered 10% taxes on imports from almost every country on earth. He's also imposed 25% duties on cars, aluminum, steel, and many imports from Canada and Mexico.
-
India Will Retaliate If EU Imposes Carbon Tax: Union Minister Piyush Goyal
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.
-
Video: Donald Trump Claims He "Heard India Will Drop Tariffs Substantially"
Little over twenty-four hours before he drops the reciprocal tariff bomb for the world, including his countrymen to deal with, Donald Trump has made a stunning claim - that he heard India will drop tariffs on US imports substantially.
-
India Says "No Commitments" To Tariff Cuts After Trump's Tax Cut Claim
India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down".
-
Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
-
Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
-
"This Would Be Biggest Trade War": Canada Warns US Amid Trump Threats
Americans will be hit by a "Trump tariffs tax" if the US president-elect increases customs duties on Canadian products, the Canadian foreign minister said Friday, pledging a hard-hitting response in any trade war.
-
Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
-
'Tax Collector' Elephant In Sri Lanka Goes Viral For Stopping Vehicles, Seeking Food
Social media users have given their seal of approval to Raja to continue his bureaucratic duties and chomp on bananas and other fruits.
-
Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
Tax Storm For Volkswagen India, $1.4 Billion Evasion Notice Issued: Details
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser
-
Telcos Can Claim Tax Credit For Duties Paid On Towers, Others: Supreme Court
In a relief to mobile service providers, the Supreme Court on Wednesday held that the telecom companies can take the benefit of CENVAT credit for payment of service tax on the output services rendered by them.
