Page 2 of Indirect taxes News: Indirect taxes Latest News, Indirect taxes Today news, Indirect taxes Breaking News

Budget 2025, Budget 2025 Expectations, Nirmala Sitharaman, compliance, indirect tax, tax reforms, GST

Reducing compliance costs for indirect taxes – A wishlist for Budget 2025

As India gears up to claim the 4th spot among the world’s largest economies by 2025, there is a pressing…

January 31, 2025 20:38 IST

Budget 2025, Union Budget, Nirmala Sitharaman, indirect tax, taxation, economic growth, fiscal discipline

Budget 2025 Expectations: FM expected to use indirect tax as key to maintain balance between growth and fiscal discipline

The upcoming budget presents a crucial opportunity to refine indirect tax policies, boost revenue generation, and foster inclusive growth, creating…

January 31, 2025 10:06 IST

GST, GST Council Meet, tax system, investor confidence, GST slab, rate rationalization, GST collections, ease of doing business, Indirect Taxes

A 35% GST slab will complicate India’s tax system and hurt investor confidence

“The proposed fifth tax slab at 35% targets demerit goods, but it introduces unnecessary complexity into an already functioning GST…

December 19, 2024 11:08 IST

The retrospective tax imposition of 28% on the full face value of bets has created havoc in the online gaming industry, in view of the sheer magnitude of the tax demands involved

FY24 indirect tax collection exceed estimates

In FY23 and FY22, indirect tax collections stood at Rs 13.94 lakh crore and Rs 12.94 lakh crore, respectively

Updated: April 3, 2024 20:06 IST

indirect taxes, taxes, tax, direct taxes, economy

New norms to curb excesses in indirect tax probes

Official sources said the detailed SOP has been issued after representation made by several companies, including multinational companies (MNCs), to…

March 31, 2024 06:15 IST

Net direct tax collection at Rs 10.64 lakh crore in Apr-Nov; 58.34 per cent of BE

Gross collections, before issuing refunds, grew 17.7 per cent to Rs 12.67 lakh crore in the April-November period.

December 14, 2023 21:13 IST

Higher interest rate by NBFCs in co-lending with banks not subject to GST: FIDC urges CBIC for clarification

A letter to CBIC was sent by FIDC after the latter’s members reported an investigation of NBFCs and banks by…

November 30, 2023 12:07 IST

economy, taxation, indirect tax, Central Board of Indirect Taxes and Customs

Indirect tax dept on revenue drive, urges field offices to ensure maximisation of collections

The government has pegged the indirect tax target at Rs 13.85 trillion in the revised estimates for 2022-23.

March 21, 2023 01:00 IST

Indirect tax receipts to exceed BE by Rs 50,000 crore

Indirect tax receipts to exceed budget estimate by Rs 50,000 crore

The government is banking on extra tax revenues to fund additional subsidy expenditures to the tune of about Rs 2.8…

November 5, 2022 02:20 IST

Second review of windfall taxes in a day or two: Revenue Secretary Tarun Bajaj

The taxes were imposed to corner a share in super normal profits of oil companies and ensure adequate availability of…

August 2, 2022 02:30 IST

gst, private companies, goods and services tax, GSTN, GST network

Govt’s 80% GST collection comes from these businesses; listed firms top GST contributor

Public listed companies comprise a mere 0.62 per cent of the overall taxpayer base, but they contributed 35.29 per cent…

Updated: July 10, 2020 15:30 IST

gst collecton, gst in february, indirect tax collection, goods and services tax

GST collection falls even as govt raises monthly target; doubts over ambitious March goal

GST collections in February stood at Rs 1.05 lakh crore, which is Rs 10,000 crore shorter than the revised target.

Updated: March 2, 2020 11:58 IST

GST taxpayer alert! You need to be careful in filing November GST return after change of rule last month

GST alert! GST returns to be filed this month are the first returns after the change of rule in October.…

November 12, 2019 16:05 IST

GST, GST collections, CGST, IGST, Credit Suisse, GST revenues, GDP growth, privatisation, fiscal deficit

Exclusive: Latest GST circular puts an end to confusion over new input tax credit rules

CBIC’s latest GST circular clears air over several key issues such as how to calculate 20% amount over and above…

Updated: November 11, 2019 19:47 IST

GST, Excise & Customs Duty Taxpayers! Here’s how you can check authenticity of tax notice

CBIC-DIN: CBIC will initially use DIN for investigation related matters under the GST and Customs and Excise Duty.

November 8, 2019 20:04 IST

GST, GST News, GSTN, GST Circular, GST Latest News, GSTR 1, GSTR 3B, Nirmala Sitharaman

GST taxpayers alert! CBIC is going to use this unique number from Friday, here’s how it will benefit you

GST Latest Circular: CBIC has made it compulsory to use a unique document identification number (CBIC-DIN) to protect honest taxpayers…

Updated: November 6, 2019 15:23 IST

Switzerland, black money, tax havens, Narendra Modi, stolen data, swiss bank

Direct tax collection jumps 18% to Rs 43,391 cr in Apr-May

Net direct tax collections jumped by 18 per cent to Rs 43,391 crore during the first two months of the…

June 10, 2016 19:12 IST

Indirect tax mop up grows 41 per cent on central excise spurt

Excluding the collections through additional resource mobilisation measures, indirect tax mop-up rose by 17 per cent in April.

May 10, 2016 14:05 IST

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