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How To Tax Popcorn? Government's GST Formula Sparks Debate
Centre's move to tax popcorn differently based on its sugar or spice content has sparked a debate, with two former government economic advisers questioning the tax system introduced in 2017.
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Why Are We Taxing Popcorn Differently? India's New GST Rates Cause Social Media Stir
India's decision to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked a reaction on social media, with two former economic advisers questioning the move.
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A "Toilet Tax" In Himachal Pradesh? Chief Minister Clarifies Amid Uproar
Amid uproar over reports that people in Himachal Pradesh will now be taxed based on the number of toilet seats they have in their houses, Chief Minister Sukhvinder Singh Sukhu today said that there was no such "toilet tax" in the state.
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"Budget 2024 Based On PM Modi's Mantra Sabka Saath Sabka Vikas": Pankaj Chaudhary
Budget 2024: This budget, marking Sitharaman's seventh consecutive presentation and surpassing Morarji Desai's record, will include proposed changes in income tax and measures to enhance business ease.
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Coded Diary, Broken Names: Lokayukta Probes Madhya Pradesh Liquor 'Scam'
The Madhya Pradesh Lokayukta has launched an investigation into an alleged massive liquor scam based on a confidential report from the Income Tax Department.
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Congress Got Large Amounts In Cash, Had Ample Time To Reply: Sources On Tax Charge
The Congress' claims of "tax terrorism" based on fresh notices from the Income Tax department have been strongly countered by sources in the government agency, who have pointed out that incriminating material had been seized.
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Tax Assessments Against Congress Based On Incriminating Evidence: Sources
Income tax notices to the Indian National Congress were issued back in March 2023 and the assessment proceedings demanded for those seven years, as per law, were set to get time barred on March 31, 2024, according to sources.
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Case Of Forgery, Criminal Conspiracy Filed Against Hero MotoCorp
The Delhi Police has filed a case of forgery and criminal conspiracy based on a complaint alleging that Hero MotoCorp manufactured fake bills worth Rs 5.9 crore and obtained tax credit of over Rs 55 lakh, officials said on Monday.
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Sony Doubles Down on Entertainment, Expects to Sell 25 Million PS5 Consoles This Financial Year
Sony Group on Thursday said it is examining a partial spin-off of its financial business just three years after taking full control, as the conglomerate doubles down on entertainment and image sensors. A partial spin-off of Sony Financial, which the group said was made possible by changes in tax rules, would allow the newly listed business to retai...
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Monthly GST Revenue Of Rs 1.50 Lakh Crore To Be New Normal: Indirect Taxes Board
Vivek Johri said the GST and Customs revenue collection numbers as given in Budget 2023-24 are realistic based on nominal GDP growth and import trends.
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Budget 2023: Widen Tax Base, Do Away With Cess, Surcharges, Say Experts
Poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation,Think Change Forum (TCF), a think tank said.
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Representatives Have Sought GST (Tax) Cuts On Knives, Spoons: Minister
The Minister of State for Finance had said the GST rates and exemption were prescribed by the government, based only on the recommendations of GST Council.
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Tax On Windfall Profits Made By Oil Companies To Be Phased Out In 2023: Fitch Ratings
The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.
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Budget Should Focus On Job Creation To Boost Demand, Growth: Industry Bodies To Finance Minister
The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with Finance Minister Nirmala Sitharaman today.
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Unaccounted Income Over Rs 250 Crore Found In Raids On Kolkata Real Estate Groups
The income tax department has found "undisclosed" income of more than Rs 250 crore after it raided two "prominent" real estate groups based in Kolkata, West Bengal, the CBDT said today.
-
How To Tax Popcorn? Government's GST Formula Sparks Debate
Centre's move to tax popcorn differently based on its sugar or spice content has sparked a debate, with two former government economic advisers questioning the tax system introduced in 2017.
-
Why Are We Taxing Popcorn Differently? India's New GST Rates Cause Social Media Stir
India's decision to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked a reaction on social media, with two former economic advisers questioning the move.
-
A "Toilet Tax" In Himachal Pradesh? Chief Minister Clarifies Amid Uproar
Amid uproar over reports that people in Himachal Pradesh will now be taxed based on the number of toilet seats they have in their houses, Chief Minister Sukhvinder Singh Sukhu today said that there was no such "toilet tax" in the state.
-
"Budget 2024 Based On PM Modi's Mantra Sabka Saath Sabka Vikas": Pankaj Chaudhary
Budget 2024: This budget, marking Sitharaman's seventh consecutive presentation and surpassing Morarji Desai's record, will include proposed changes in income tax and measures to enhance business ease.
-
Coded Diary, Broken Names: Lokayukta Probes Madhya Pradesh Liquor 'Scam'
The Madhya Pradesh Lokayukta has launched an investigation into an alleged massive liquor scam based on a confidential report from the Income Tax Department.
-
Congress Got Large Amounts In Cash, Had Ample Time To Reply: Sources On Tax Charge
The Congress' claims of "tax terrorism" based on fresh notices from the Income Tax department have been strongly countered by sources in the government agency, who have pointed out that incriminating material had been seized.
-
Tax Assessments Against Congress Based On Incriminating Evidence: Sources
Income tax notices to the Indian National Congress were issued back in March 2023 and the assessment proceedings demanded for those seven years, as per law, were set to get time barred on March 31, 2024, according to sources.
-
Case Of Forgery, Criminal Conspiracy Filed Against Hero MotoCorp
The Delhi Police has filed a case of forgery and criminal conspiracy based on a complaint alleging that Hero MotoCorp manufactured fake bills worth Rs 5.9 crore and obtained tax credit of over Rs 55 lakh, officials said on Monday.
-
Sony Doubles Down on Entertainment, Expects to Sell 25 Million PS5 Consoles This Financial Year
Sony Group on Thursday said it is examining a partial spin-off of its financial business just three years after taking full control, as the conglomerate doubles down on entertainment and image sensors. A partial spin-off of Sony Financial, which the group said was made possible by changes in tax rules, would allow the newly listed business to retai...
-
Monthly GST Revenue Of Rs 1.50 Lakh Crore To Be New Normal: Indirect Taxes Board
Vivek Johri said the GST and Customs revenue collection numbers as given in Budget 2023-24 are realistic based on nominal GDP growth and import trends.
-
Budget 2023: Widen Tax Base, Do Away With Cess, Surcharges, Say Experts
Poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation,Think Change Forum (TCF), a think tank said.
-
Representatives Have Sought GST (Tax) Cuts On Knives, Spoons: Minister
The Minister of State for Finance had said the GST rates and exemption were prescribed by the government, based only on the recommendations of GST Council.
-
Tax On Windfall Profits Made By Oil Companies To Be Phased Out In 2023: Fitch Ratings
The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.
-
Budget Should Focus On Job Creation To Boost Demand, Growth: Industry Bodies To Finance Minister
The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with Finance Minister Nirmala Sitharaman today.
-
Unaccounted Income Over Rs 250 Crore Found In Raids On Kolkata Real Estate Groups
The income tax department has found "undisclosed" income of more than Rs 250 crore after it raided two "prominent" real estate groups based in Kolkata, West Bengal, the CBDT said today.
