Tag: Tax
Extend Pre-GST Duty Drawback Till June: Parliamentary Panel
A parliamentary panel has suggested that the government extend the duty drawback rates for exporters prevailing prior to the roll out of the Goods and Services Tax (GST) until June next year or till the revenue department fixes the revised rates. ....
AAP Denies Reports On Irregularities In Donations
The Aam Aadmi Party on Tuesday denied a media report alleging mismatch in the party's actual and reported donations to the Election Commission. ....
Direct Tax Collections Up 18% In April-December
India's direct tax collection between April and December in the current fiscal at Rs 6.56 lakh crore was 18.2 per cent higher than for the corresponding period last year, according to an official announcement on Tuesday. ....
Goa Tourist Taxi Strike Called Off On Third Day
Goa's tourist taxi operators on Sunday withdrew their strike following a written assurance that pending fitness certificates would be issued to all tourist taxis by January 24 and the government would stop installation of speed governors on their vehicles. ....
Indian GST System Among Most Complex Globally: World Bank
The Indian Goods and Services Tax (GST) system is among the most complex in the world with not only one of the highest tax rates but also one of the largest number of tax slabs, the World Bank has said. ....
Ronaldo Seeks To Avoid Prison For Tax Fraud
Real Madrid striker Cristiano Ronaldo will pay the money the Spanish Treasury demands if it withdraws its request for him to be given a prison sentence for an alleged tax fraud of 14.7 million euros, Spanish media reported on Monday.....
Kashmiri Cab Driver Returns Tourist's Bag With Valuables
A Kashmiri taxi driver has returned the lost bag of a tourist family containing valuables worth over Rs 10 lakhs in Jammu and Kashmir's Shopian district, sources said on Tuesday. ....
Anand Bhawan Gets Rs 4.35 Crore Tax Notice
The iconic Anand Bhawan, Swaraj Bhawan and Jawahar Planetarium in Prayagraj, have been served a notice of Rs 4.35 crore as house tax by the Prayagraj Municipal Corporation (PMC).....
Tax Now Forms 70% Of Petrol, Diesel Prices
The Tuesday evening decision of the Government to raise excise duty levels on petrol and diesel by historic high levels has taken up tax component on retail price of auto fuels closer to 70 per cent level.....
Late Fee On GST Returns Capped Till July To Rs 500
In a major relief to the GST taxpayers, the government has decided to cap the maximum late fee for Form GSTR-3B at Rs 500 per return for the extended tax period of July 2017 to July 2020 subject to the condition that such returns are filed before September 30, 2020.....
