UK airport shops face boarding card revolt in tax row

Britain's government urged shops at airports to lower the prices of tax-free items Wednesday as a campaign for passengers to refuse to show their boarding cards over the issue gathered pace.

Govt seeks Parl nod for Rs 11000 cr CST compensation to states
Govt seeks Parl nod for Rs 11000 cr CST compensation to states

Government Monday sought approval of Parliament to release about Rs 11,000 crore to states and union territories to compensate them for revenue loss on account of phasing out of Central Sales Tax (CST).

Japan's First Lady speaks out on sales tax, nuclear power

Japanese First Lady Akie Abe - often called the "domestic opposition" for her penchant to speak out - said on Thursday the country should consider cutting wasteful spending and boosting the economy before going ahead with a rise in the sales tax to 10 percent, as her husband wrestles with just that decision.

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Sales tax hike dents Japanese economy

Despite some good news -- unemployment held at a seven-year low and Tokyo`s war on deflation logged another victory -- the slate of economic data confirmed fears that jacking up the consumption tax would deal a blow to spending and the wider economy.

Japan consumer inflation rises 3.2% on-year in April after tax hike

Japanese consumer inflation rose 3.2 percent year-on-year in April after the nation`s sales tax was hiked that month while household spending plunged, the government said Friday.

BJP to consider proposal of abolishing taxes

Nitin Gadkari said his party, if it comes to power, will consider a proposal of abolishing a host of taxes.

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.

Essar Oil moves SC for extension of time to pay sales tax dues

Essar Oil Ltd on Friday moved the Supreme Court seeking more time for paying outstanding sales tax dues to Gujarat government on the ground that it is facing financial constraints due to economic slowdown and not given tax benefits unlike other refineries.

Sales tax official held for taking Rs 2 lakh bribe in MP

A senior sales tax official was caught while allegedly accepting a bribe of Rs two lakh here, Lokayukta sources said on Sunday.

'Slash sales tax on ATF, rationalise tax and duty structure'

The representatives sought other measures to encourage regional connectivity and engineering activities.

Essar Oil to pay sales tax to Guj Govt in installments: SC

Essar Oil Ltd had approached the apex court against the order of the Gujarat High Court which had refused any relief to it for making the payment in installments.

Guj HC rejects Essar Oil plea, asks Govt to expedite recovery

The division bench of Justice P B Majmudar and Justice Mohinder Pal rejected the petition of EOL which had sought that the company be allowed to pay the tax dues of Rs 6,414 cr in eight yearly instalments and grant it exemption from paying penalty and interest of Rs 2000 crore on it.

Hike CST to 4% or compensate adequately: States to Centre

Irked over Centre's approach over CST compensation, states on Saturday asked it to either compensate them adequately for their revenue loss due reduction in the Central Sales Tax (CST) or increase the levy to earlier rate of 4 percent.

Essar Oil registers Rs 3,986 cr loss; to raise Rs 3,000 cr

Essar Oil Ltd on Friday reported a Rs 3,986 crore net loss in the third quarter after a one-time reversal of sales tax revenue and said it will raise Rs 3,000 crore in fresh equity capital to shore up the networth.

Firm owner, accountant held for sales tax fraud

A firm owner and his accountant have been booked by Thane Nagar police here for fabricating records and failure to pay Sales Tax to the tune of Rs 11 crores, police said on Thursday.

Cairn to pay sales tax only on crude sold in Raj: Centre

The Centre has told Rajasthan that only Central Sales Tax can be levied on crude oil sold from Cairn India`s fields in the state to refiners elsewhere.

SC asks BPCL to pay Rs 5 cr as pre-deposit in sales tax matter

The Supreme Court on Monday asked Bharat Petroleum Corporation Ltd to pay Rs 5 crore as pre-deposit to the Kerala commercial tax department towards sales tax.