Tax Reduction
- All
- News
- Videos
-
Hotel Rooms Up To Rs 7,500 All Over India Get Cheaper By Rs 525
According to the Hotel Association of India, the reduction in tax on hotel accommodation priced at Rs 7,500 and below will provide relief to travellers to the extent of 7 per cent on the room rate.
-
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.
-
'Spurt In Consumption To Meet Fiscal Deficit Target Of 4.4%': Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of Rs 48,000 crore following reduction in tax rates on a host of items
-
"Pre-Festival Gift": Experts Welcome GST Reduction On Small Cars, Bikes
The GST Council's decision to reduce the Goods and Services Tax on small cars and motorcycles up to 350 cc has brought a wave of happiness among the automobile and auto component industry, industry experts said.
-
"Does Congress Want Tobacco Taxed At 5%?" Nirmala Sitharaman On 40% GST Question
Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and electronic appliances.
-
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.
-
Trump's Big Bill Cuts Clean Energy Tax, Residential Solar To Get Hit Fast
The bill in the Housetakes anaxto clean energy incentives, including killing a 30% tax credit for rooftop residential solar by the end of the year that the Biden administration'sInflation Reduction Acthad extended into the next decade.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
Trump's Tax Bill Draws Rural Backlash Over Proposed Medicaid Reductions
Rural hospitals are sounding the alarm over proposed healthcare cuts in President Donald Trump's sweeping tax-cut and spending package, warning the changes could force them to scale back services or close their doors.
-
GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
-
Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
-
Union Budget 2024: No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment
The Union Budget that was unveiled on Tuesday without any reduction in one percent TDS on all crypto transactions that has been requested by the crypto industry. Meanwhile, the Web3 community continues to vouch for patience and belief in the government for comprehensive industry-specific reforms in the future.
-
Crypto Tax Compliance in India 'Very Low', Clearances Imperative to Gain Government's Trust: Taxnodes CEO
Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.
-
Petrol Pumps In Rajasthan Begin 2-Day Strike Demanding Tax Reduction
The Rajasthan Petrol Dealers Association has announced a "No Purchase, No Sale" strike starting at 6 am on Sunday for the next 48 hours with the aim of drawing the attention of the government to the high fuel prices in the state.
-
Hotel Rooms Up To Rs 7,500 All Over India Get Cheaper By Rs 525
According to the Hotel Association of India, the reduction in tax on hotel accommodation priced at Rs 7,500 and below will provide relief to travellers to the extent of 7 per cent on the room rate.
-
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.
-
'Spurt In Consumption To Meet Fiscal Deficit Target Of 4.4%': Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of Rs 48,000 crore following reduction in tax rates on a host of items
-
"Pre-Festival Gift": Experts Welcome GST Reduction On Small Cars, Bikes
The GST Council's decision to reduce the Goods and Services Tax on small cars and motorcycles up to 350 cc has brought a wave of happiness among the automobile and auto component industry, industry experts said.
-
"Does Congress Want Tobacco Taxed At 5%?" Nirmala Sitharaman On 40% GST Question
Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and electronic appliances.
-
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.
-
Trump's Big Bill Cuts Clean Energy Tax, Residential Solar To Get Hit Fast
The bill in the Housetakes anaxto clean energy incentives, including killing a 30% tax credit for rooftop residential solar by the end of the year that the Biden administration'sInflation Reduction Acthad extended into the next decade.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
Trump's Tax Bill Draws Rural Backlash Over Proposed Medicaid Reductions
Rural hospitals are sounding the alarm over proposed healthcare cuts in President Donald Trump's sweeping tax-cut and spending package, warning the changes could force them to scale back services or close their doors.
-
GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
-
Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
-
Union Budget 2024: No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment
The Union Budget that was unveiled on Tuesday without any reduction in one percent TDS on all crypto transactions that has been requested by the crypto industry. Meanwhile, the Web3 community continues to vouch for patience and belief in the government for comprehensive industry-specific reforms in the future.
-
Crypto Tax Compliance in India 'Very Low', Clearances Imperative to Gain Government's Trust: Taxnodes CEO
Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.
-
Petrol Pumps In Rajasthan Begin 2-Day Strike Demanding Tax Reduction
The Rajasthan Petrol Dealers Association has announced a "No Purchase, No Sale" strike starting at 6 am on Sunday for the next 48 hours with the aim of drawing the attention of the government to the high fuel prices in the state.
