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'Jewellery sales may fall 40-50 tonnes in Jan-Mar on strike'

'Jewellery sales may fall 40-50 tonnes in Jan-Mar on strike'

Jewellery sales is likely to fall by 40-50 tonnes in the January-March period due to the ongoing strike against proposed 1 percent excise duty on non-silver jewellery, according to ICRA

Over Rs 1 lakh cr locked in excise, service tax litigation

Over Rs 1 lakh crore of taxes were locked up in various stages of litigation in service tax and central excise at the end of March 2013, official auditor CAG has said.

FM asks authorities to share information to check tax evasion

Finance Minister P Chidambaram Thursday called for better information sharing among various agencies of the government to check tax evasion.

BJP favours abolition of income, sales, excise tax

BJP on Wednesday favoured abolition of income, sales and excise tax and the party may include it in its vision document to be unveiled ahead of General elections next year.

E-payment must for excise, service tax of Rs 1 lakh

Assessees paying excise duty and service tax of Rs 1 lakh will have to mandatorily pay the levies electronically with effect from January.

Failure to pay excise, service tax may lead to arrest: FinBill

Failure to pay excise duty and service tax could lead to arrest of defaulters, as per the provisions proposed in the Finance Bill 2013 introduced by Finance Minister P Chidambaram in the Lok Sabha.

Excise tax collection in Chhattisgarh up 36% in Apr-Dec

They also said state's Commercial Tax Minister Amar Agrawal in a meeting of the Excise Department has asked officials of all districts to strictly check sale of illegal liquor.

Govt warns of tough action against excise, service tax evaders

In a stern warning to evaders of excise, customs and service tax, the government on Wednesday asked them to either pay the dues or face penal action which could include arrest, prosecution and property attachment.

Delhi govt collects Rs 1,287 cr on liquor sale in April-Sep`12

The government has collected Rs 1,287 crore as excise tax between April 1 and September 27 against its collection of Rs 1,102 crore in the same period in 2010-11.

Household budgets affected by higher excise, service tax: Survey

In the Union Budget 2012-13, Finance Minister Pranab Mukherjee had announced hike in excise duty and services tax to 12 percent from 10 percent.