Tag: tax
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March GST collection at record high of over Rs 1.42 lakh crore
India's GST collection touched a record high in March 2022 at Rs 1,42,095 crore, official data showed on Friday.
The previous record high stood at...
‘Reduce GST as beedis exported to Europe, Gulf and US’
Indian beedis are being exported to various countries, said officials at a panel discussion and therefore on the need to reduce the Goods and...
Corporate tax buoyancy lowest in five decades
An estimation of decadal tax buoyancy (total tax revenue and other individual tax revenues) using double log model reveals that tax buoyancy of total...
Union Budget expected to focus on increase in limits for basic tax exemption, standard deduction
The Union Budget is expected to focus on employment generation, increase in limits for basic tax exemption, standard deduction, medical expenses, rationalization of tax...
Lowering taxes, more R&D will stablise consumer electronics sector, say players
The government should consider lowering the tax rate on consumer electronics and ensure a stable GST tax slab as this would encourage consumers to...
Centre releases Rs 95,082 cr to states as tax devolution
The government on Thursday released a total of Rs 95,082 crore to states with an advance instalment of tax devolution amounting to Rs 47,541...
India Inc welcomes deferment of GST hike on textiles
India Inc on Friday welcomed the GST Council's decision to defer the proposed GST hike on textiles.
According to reports, the council has deferred the...
Sisodia to oppose proposed tax hike on textile in GST Council meeting
Delhi Deputy Chief Minister Manish Sisodia will raise the demand to withdraw the increased tax on textiles from earlier 5 per cent to the...
Cloth markets shut in Delhi to protest GST hike on textiles
Cloth markets in the national capital were shut on Thursday in protest against the Goods and Services Tax (GST) hike on textiles.
Cloth markets of...
Chinese business bodies ask India to stop irregular tax probes
Two Chinese chambers of commerce in India urged New Delhi to change its "irregular" tax probe practice and treat foreign investors equally, actively for...