Mar 07, 2017 at 18:18 | Source: PTI
The tax collection in Delhi has grown at a rate of 20.84 percent (estimate) in the current year, but its revenue surplus has come down, as per the latest Economic Survey of the national capital released today.
Mar 03, 2017 at 23:00 | Source: CNBC-TV18
As the deadline nears for the rollout of India's biggest tax reform, Haseeb Drabu, FM, Jammu & Kashmir told CNBC-TV18 that panel might spend 2 days in clearing the GST law so that it can go to the Parliament.
Mar 02, 2017 at 18:10 | Source: PTI
The model Goods and Services Tax Bill will replace the clause which states the tax rate "not exceeding 14 percent, with "not exceeding 20 percent" when it comes up for debate in Parliament during the second phase of Budget session beginning next week.
Mar 02, 2017 at 14:58 | Source: PTI
The change in the peak rate will not alter the 4-slab rate structure of 5, 12, 18 and 28 percent agreed upon last year, but is only a provision being built into the model law to take care of contingencies in future, two officials in the know told PTI.
Mar 01, 2017 at 08:40 | Source: PTI
Speaking during the Question Hour, Issac told the House, "There were no fundamental disputes in GST council." The next meeting of the council, to be held in Srinagar, would take decision to fit different goods and services into the four approved slabs of 5, 12,18 and 28 per cent tax rates under Goods and Service Tax (GST).
Feb 28, 2017 at 11:16 | Source: PTI
In its Economic Survey of India, the OECD said comprehensive tax reforms, especially the goods and services tax, "would lift all boats" and raise revenue helping the government effectively deal with high poverty rate.
Feb 27, 2017 at 14:54 | Source: PTI
"The aggregate fiscal deficit of Indian states is expected to increase marginally to 3.3 percent of gross domestic product (GDP) in FY18 from the forecast of 3.2 percent for FY17," it said in a note.
Feb 24, 2017 at 22:14 | Source: PTI
The government can lower tax rates if people pay their dues sincerely, Union Power Minister Piyush Goyal said today.
Feb 23, 2017 at 15:47 | Source: Moneycontrol.com
Preference shares depict features of bonds when one looks at risk-return profile.
Feb 22, 2017 at 14:01 | Source: Moneycontrol.com
Extant tax benefit has been extended with the tax free relief available if a person withdraws an amount before the end or closure of their account if this is not more than 25 percent of the amount that has been contributed by the individual to the account.