Tag: tax
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I-T searches conducted in Jharkhand
The Income Tax Department carried out searches on a closely-held Group of Jharkhand on March 17 and concluded them on March 20.
The Group is...
No tax or duty hikes in Karnataka budget for 2021-22
The Karnataka budget for fiscal 2021-22 has not proposed an increase in sales tax on petrol and diesel or excise duty on liquor or...
Reduce VAT on petrol, diesel: Punjab fuel dealers
The Petrol Pump Dealers Association in Punjab on Saturday lamented the negative impact of higher prices of petrol and diesel on their business and...
Traders’ body to release white paper on state of GST regime
The Confederation of All India Traders (CAIT) on Sunday said that it will soon release a white paper on the state of Goods and...
Tax holiday for startups to be extended by one more year
Union Finance Minister Nirmala Sitharaman on Monday proposed the extension of tax holiday for startups by one more year.
The move announced during the Budget...
Payment of 1% GST in cash only for 45,000 taxpayers: DoR sources
The government's decision on mandatory payment of at least 1 percent of GST tax liability in cash will impact only around 40,000 to 45,000...
GST compensation shortfall: 8th tranche of Rs 6K Cr released to states
Ministry of Finance has released the 8th weekly installment of Rs 6,000 crore to the states to meet the GST compensation shortfall.
Out of this,...
Sourav Ganguly relieved of Rs 1.5 crore service tax liability
In a major relief for former Indian cricket team captain and current BCCI president Sourav Ganguly, the Customs, Excise & Service Tax Appellate Tribunal...
Goa waives 50% road tax for commercial vehicles
The Goa Cabinet on Wednesday decided to waive 50 percent road tax levied on commercial vehicles in the state during fiscal 2020-21, in order...
Delhi man held on charge of forging Rs 392-cr input tax credit
A Delhi resident was arrested by a team of Directorate General of GST Intelligence's (DGGI) Gurugram Zonal Unit on charges of creating and operating...