close
This ad will auto close in 10 seconds
Relief for taxpayers: No recovery during pendency of stay

Relief for taxpayers: No recovery during pendency of stay

In a relief to tax payers, the government has asked taxmen not to proceed with recovery of a 'confirmed' demand in relation to indirect taxes during pendency of stay applications.

Indirect tax collections up 41.8% at Rs 64,394 crore in April

Indirect tax collections up 41.8% at Rs 64,394 crore in April

Indirect tax collections for the month of April 2016 stood at Rs 64,394 crore registering a growth of 41.8 percent as compared to Rs 45,417 crore collected during the same period previous year.

Tax collection in 2015-16 exceeds target by Rs 5,000 cr

Helped by buoyancy in indirect taxes, the government managed to surpass the total tax collection target for 2015-16 by Rs 5,000 crore at Rs 14.60 lakh crore.

Tax reforms to help India get rid of 'tax terrorism' tag: CEA

Tax reforms to help India get rid of 'tax terrorism' tag: CEA

Simplifying and eliminate corporate taxes as well as cleaning up of legacy issues will continue going forward, he added.

Indirect tax collection grows by 34% in Apr-Nov period

Reflecting improvement in industrial activities, indirect tax collection jumped 34.3 percent to Rs 4,38,291 crore during the first eight months of current financial year.

There will not be expenditure cut this year: Jaitley

Indirect tax collections have registered an increase of almost 36 percent in the first seven months of the current fiscal.

Growth in indirect tax collection reflects robust growth: CEA

Growth in indirect tax collection reflects robust growth: CEA

Growth in collection of indirect taxes in the first seven months of the current fiscal shows robust GDP expansion, Chief Economic Advisor Arvind Subramanian has said.

High indirect tax revenue reflects robust growth: CEA

High indirect tax revenue reflects robust growth: CEA

Growth in collection of indirect taxes in the first half of the current fiscal shows robust GDP expansion, Chief Economic Advisor Arvind Subramanian has said.

 

GST deadline: Early winter session holds key for states' nod

It appears to be a race against time as the government mulls convening an early Winter Session of Parliament to ensure rollout of the ambitious nationwide indirect tax regime GST by April next.

Government to introduce GST Bill in Rajya Sabha today

The government has listed the Goods and Services Tax bill, that seeks to replace all indirect taxes with a uniform levy, for consideration and passing in Tuesday's business in Rajya Sabha .

Service Tax: Penalty norms encouraging voluntary compliance

In case of voluntary payments along with interest, reduced penalty have been provided depending upon the stage of litigation i.e. Prior to issuance of show cause notice, after issuance of show cause notice but before adjudication or after adjudication.

Central excise arrears rise to Rs 59,309 cr in FY'14: CAG

Tax arrears towards central excise rose to Rs 59,309 crore in 2013-14, from Rs 45,463 crore a year ago, government auditor CAG said on Tuesday.

Tax dues from companies at Rs 4.85 lakh crore: Finance Ministry

Corporates owed over Rs 4.85 lakh crore approximately to the exchequer as outstanding tax demands, under direct and indirect taxes, towards the end of fiscal 2014-15, Parliament was informed on Tuesday .

Fast N Facts @7:30 pm

Watch Fast N Facts @7:30 pm

Per capita income this year seen up 10% at Rs 7,378 a month

Per capita income this year seen up 10% at Rs 7,378 a month

In the previous fiscal, the per capita income estimated to have grown by over 12 percent to Rs 6,699 (USD 107.75) per month, government data released on Monday showed.

Jaitley against burdening salaried, middle class; may raise tax exemption limit

Finance Minister Arun Jaitley on Saturday said that he does not favour burdening the salaried and middle-class with more taxes but would go after the evaders in widening the net.

Indirect tax collections rise 5.6% in Apr-Oct

Indirect tax revenues rose marginally by 5.6 percent in the April-October period to over Rs 2.85 lakh crore, mainly on account of increase in service tax and customs collections.

Indirect tax collections up 4.5% in April-June

Indirect tax mop up inched up by 4.5 percent in the April-June quarter of the current fiscal due to decline in custom duty and excise duty collections, reflecting slump in manufacturing activity.

Indirect tax collection at Rs 4.41 lakh crore in Apr-Feb

Indirect tax collections grew by 5.6 percent to Rs 4,41,826 crore in the April-February period of this fiscal amid a slowing economy.

Ombudsman can help in speedy redressal of indirect tax issues

Complaints related with refunds and rebates of indirect taxes can be resolved within six weeks times.