Moneycontrol

Tax

  • GST may help reduce cost of construction; bring down property prices

    GST may help reduce cost of construction; bring down property prices  

    The new GST rate may increase prices of premium units due to high land costs, but the amount of benefit that a buyer may get will depend on the demand-supply situation and competition in a micro market

    26 May 2017, 4.25 pm  |  Source: Moneycontrol.com

  • Coal India wins tax-cut boost as environmentalists fret

    Coal India wins tax-cut boost as environmentalists fret  

    The world's third-largest greenhouse gas emitting country said last Friday it would lower the duty on coal from July 1 and impose a new 18 percent tax on solar cells and modules as part of a broader tax overhaul.

    25 May 2017, 12.16 pm  |  Source: Reuters

  • GST Council may reconsider steep levy on hybrid cars next week

    GST Council may reconsider steep levy on hybrid cars next week  

    As per the tax slabs decided by the Council last week, the incidence of GST on mid and large-sized hybrid cars has been kept at the same level as passenger cars.

    24 May 2017, 3.40 pm  |  Source: PTI

  • GST council finalises tax on services; exempts education, healthcare

    GST council finalises tax on services; exempts education, healthcare  

    Kerala Finance Minister Thomas Issac said there will be four rates for services at 5, 12, 18 and 28 per cent, similar to tax slabs for goods.

    19 May 2017, 2.59 pm  |  Source: PTI

  • Govt to strengthen agency under GST to check tax evasion

    Govt to strengthen agency under GST to check tax evasion  

    With the goods and service tax (GST) subsuming central levies like excise duty, service tax and state VAT, the Central Board of Excise and Customs (CBEC) has reorganised its existing central excise and service tax field formations...

    16 May 2017, 2.56 pm  |  Source: PTI

  • Digitisation will curb shadow economy, says Arjun Ram Meghwal

    Digitisation will curb shadow economy, says Arjun Ram Meghwal  

    "In this country, 22-26 per cent is shadow economy (ie illicit economic activities like black market transactions and undeclared income existing alongside the official economy)," the minister of state for finance said here.

    15 May 2017, 8.45 am  |  Source: PTI

  • Public Accounts Committee demands appraisal of government  schemes

    Public Accounts Committee demands appraisal of government schemes  

    In the first meeting of PAC headed by its new chairman, Congress leader Mallikarjun Kharge, members also raised the issue of tax evasion by companies by misusing trusts, a PAC member present at the meeting said.

    09 May 2017, 9.38 pm  |  Source: PTI

  • GST scheduled for July 1 rollout: Arun Jaitley

    GST scheduled for July 1 rollout: Arun Jaitley  

    Hailed as the biggest tax reform since India's independence, GST will replace an array of central and state levies with a national sales tax, thereby creating a single market and making it easier to do business in the country.

    08 May 2017, 11.58 am  |  Source: PTI

  • GST will make domestic companies more competitive: Hasmukh Adhia

    GST will make domestic companies more competitive: Hasmukh Adhia  

    "Unlike in other countries, the transition to the new tax regime would be smooth here because there are multiple points of taxation in the country. Hence, the possibility of sudden spurt in inflation is remote," said Adhia, who is...

    08 May 2017, 8.15 am  |  Source: PTI

  • IMF says fiscal reform moving Gulf in 'right direction'

    IMF says fiscal reform moving Gulf in 'right direction'  

    "If they continue on this path in the next three to five years, the level of deficit will be less than 2 per cent" of gross domestic product, IMF regional chief Jihad Azour told AFP in an interview.

    02 May 2017, 11.56 am  |  Source: PTI

  • Compliance rating for industry under GST on the cards

    Compliance rating for industry under GST on the cards  

    Revenue Secretary Hasmukh Adhia said a system of GST Compliance Rating will be put in place so that every trader or businessman will be rated based on their track record.

    25 Apr 2017, 3.36 pm  |  Source: PTI

  • Metals could be the big beneficiary of Trump’s tax reforms

    Metals could be the big beneficiary of Trump’s tax reforms  

    While the world awaits this announcement, celebrations have started in advance. Today, the United States accounts for close to 25% of global GDP and it has already seen a significant recovery in economic growth. GDP growth, which...

    25 Apr 2017, 2.15 pm  |  Source: Moneycontrol.com

  • Vasundhara Raje pitches for lower tax on marble, sandstone under GST

    Vasundhara Raje pitches for lower tax on marble, sandstone under GST  

    Tax rates on various goods and services will be decided by the GST Council on the recommendation of the Fitment Committee.

    24 Apr 2017, 7.40 am  |  Source: PTI

  • Money Money Money: Saving on capital gains tax

    Money Money Money: Saving on capital gains tax   

    A new financial year has begun and it is one that will see several changes in the way you manage, compute and file your taxes. It is always a good idea to start early rather than wait till March, next year. So, this week, we bring...

    22 Apr 2017, 1.24 pm  |  Source: CNBC-TV18

  • India has recorded impressive growth in recent years: IMF

    India has recorded impressive growth in recent years: IMF  

    "India has recorded quite an impressive growth performance in recent years. Our view is that the elimination of fuel subsidies and the targeting of social benefits has delivered in terms of allowing the union budget target to be a...

    20 Apr 2017, 2.31 pm  |  Source: PTI

  • Cabinet approves signing of amended tax treaty with Portugal

    Cabinet approves signing of amended tax treaty with Portugal  

    "The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing of a Protocol amending the convention between India and Portugal for avoidance of double taxation.

    19 Apr 2017, 3.57 pm  |  Source: PTI

  • Note ban will have positive impact in long term: World Bank

    Note ban will have positive impact in long term: World Bank  

    In a report titled 'South Asia Economic Focus - Globalisation Backlash', it said eliminating tax evasion and corruption -- the most talked objectives of junking old 500 and 1000 rupee notes -- is "typically a demanding pro...

    18 Apr 2017, 7.50 am  |  Source: PTI

  • A 3-step guide to linking your Aadhaar and PAN card

    A 3-step guide to linking your Aadhaar and PAN card  

    Recently the government made it mandatory to provide both Aadhaar card number and PAN number while filing for taxes.

    17 Apr 2017, 11.04 am  |  Source: Moneycontrol.com

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