| | |
01:32 pm : Flashes: Deemed rental taxation relaxed for 1 yr for builders holding stock in trade, says KPMG
01:27 pm : Flashes: Deemed rental taxation relaxed for 1 yr for builders holding stock in trade, says KPMG
01:24 pm : Flashes: FIPB may be phased out by 2017-18. New FDI policy under consideration, says KPMG
01:22 pm : Flashes: Relaxation in tax incentive conditions could make housing more affordable, says KPMG
01:21 pm : Flashes: Cap on cash transaction over 3 lakhs to help increase bank deposit base, EY says
01:19 pm : Flashes: Increased purchasing power for aam janta to drive consumption, says EY
01:17 pm : Flashes: No Major Changes In Existing Indirect Taxes In Light Of GST Implementation, says EY
01:14 pm : Flashes: Simplified Tax Return Forms For Those Earning Salary Income Upto Rs 5 Lakh, Says EY
12:58 pm : Flashes: Net revenue loss in direct tax could be Rs 20,000 cr due to exemptions, says FM
12:58 pm : Flashes: Greater accountability on tax officers for errors of commission & omission, says FM
12:56 pm : Flashes: Not proposing many changes to indirect taxes given GST roll-out plan, says FM
12:55 pm : Flashes: GST implementation to bring more taxes to states & centre, says FM
12:54 pm : Flashes: CBEC will continue to strive to implement GST, says FM
12:54 pm : Flashes: GST council has finalised recommendations on all issues based on consensus, says FM
12:53 pm : Flashes: Substantial progress in ushering in GST regime, sys FM

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test_ac123 | 2017-05-09 14:38:36

test_ac123 | 2017-05-09 14:35:09

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25 May 2017, 13:00 PM

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budget impact

sector impact

Leather Products

14:33 pm

Govt reduces excise duty on leather footwear to 6%

Bata India 521.15 -4.35
Relaxo Footwear 472.10 0.75
Mirza Intl 140.45 -4.40
Bhartiya Inter 564.15 -3.45

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Cigarettes

14:31 pm

Excise duty on cigarettes increased by 25% for sub-65 mm cigarettes

ITC 299.90 -0.25
Godfrey Phillip 1170.00 -11.05
VST 3043.80 5.15
Kothari Product 196.35 -4.45

more

Transport & Logistics

14:01 pm

Service tax hike of 2.4% for non-economy class air travel

Interglobe Avi 1057.75 12.50
Container Corp 1179.70 -41.30
Aegis Logistics 184.70 -1.00
SpiceJet 4.75 -0.95

more

Computers - Software

13:57 pm

Fee for technical services rate reduced from 25% to 10%

TCS 2559.15 37.45
Infosys 954.80 -2.50
Wipro 525.00 -1.40
HCL Tech 854.85 -10.05

more

Telecommunications - Service

13:56 pm

Govt reduces royalty rates

Bharti Airtel 368.35 -3.55
Idea Cellular 78.80 -5.75
Tata Comm 648.85 -21.10
Reliance Comm 25.90 -2.10

more

Media & Entertainment

13:54 pm

Entertainment sector removed from service tax negative list

Zee Entertain 509.15 -3.10
Sun TV Network 783.30 -30.20
Dish TV India 91.15 -4.25
PVR 1450.00 -46.45

more

Auto - LCVs & HCVs

13:47 pm

Import duty on vehicles with capacity more than 10 seats increased to 40% from 10%

Tata Motors 469.55 19.05
Tata Motors (D) 276.45 11.45
Eicher Motors 27364.70 -233.55
Ashok Leyland 82.35 -2.05

more

Steel - Large

13:46 pm

Customs duty on bituminous coal reduced to 10% from 55%

Tata Steel 483.35 -7.05
JSW Steel 189.60 -3.95
SAIL 56.90 -2.50
Essar Steel 51.80 -5.30

more

Consumer Goods - Electronic

13:44 pm

Customs duty on LED, LCD panels made nil

Videocon Ind 59.05 -6.55
Videocon Intl 84.25 -1.25
BPL 69.10 -1.60
Mirc Electronic 13.80 -0.65

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BUDGET 2015 REACTION

reaction on: Corporate Tax | Fiscal Deficit | GST

Ajay Sriram

Vice President | CII