In an interview to CNBC-TV18, MS Unnikrishnan, MD of Thermax said that 18 percent goods and services tax (GST) should certainly bring down tax rate.
At a financial planning seminar in Delhi, a home buyer had a pertinent question: “Although GST may help the builders to avoid double or triple taxation and reduce their cost of construction and operation, R
HCL Technologies posted good Q1 (FY17) numbers. SP Tulsian of sptulsian.com said that although positive bias can be seen building up for guidance, one shouldn't take a call on a company on its quarterly performance. From technology pack, he prefers Infosys followed by HCL Technologies.
Purely from an investment point of view, I don‘t think that there is any worthy call to be taken for purchase of Coal India shares, says Tulsian
Government scored well on rationalization of tax regime with focus on strengthening the dispute resolution mechanism, silence on roadmap to GST is a manifestation of continued political gridlock on the subject
The draft policy envisions increasing the share of capital goods in total manufacturing activity to 20 per cent by 2025 from 12 per cent at present.
"It is in the interest of the government to exempt tax because with more people buying inverter and 5 star ACs, power requirement will go down and so will pollution," Blue Star Executive Director B Thiagarajan told reporters here.
CNBC-TV18's Menaka Doshi decodes the Goods and Services Tax (GST) for the Indian telecom sector with the help of Jigar Doshi, Partner – Indirect Taxation, SKP Business Consulting.
To bring transparency and uniformity in such activities, to design standard formats for agreements (between insurers and dealers) on outsourcing and recommendations on draft guidelines, are among others terms of reference for the committee.
Even though the industry expectation from Union Budget 2015 would be to resolve all the anomalies prevalent in indirect tax law, it is unlikely that it would be fulfilled entirely.
CENVAT is the new name for MODVAT and are related to central excise. A product reaches the end user after undergoing many manufacturing activities. To reduce the tax burden of the end user, the Govt of India introduced CENVAT.
According to the audit, many insurance companies wrongfully availed of the central value-added tax (CENVAT) scheme to avoid taxes on certain services.
Electronic component manufacturer association ELCINA said the announcement does not look promising for domestic firms.
Service tax department says HCCpaid less service tax by wrong classification of ‘taxable services‘ under ‘works contract‘ services instead of commercial or industrial construction services.
The Service Tax department has sent show cause demand notices and has even passed Rs 200 crore order on Reliance Communication and its subsidiaries.
In a recent order, the central board of excise and customs (CEBC) said that tower companies cannot avail cenvat credit on goods and services used in construction of tower. The duties which are paid on parts of tower are ineligible under input tax credit under cenvat.
India‘s oil & gas sector, often regarded as the country‘s growth engine, has grown by leaps & bounds over the past one decade, but the quest to reach the top of global league remains a major challenge because of rising under-recoveries and lack of policy impetus.
One of the many important aspects of the Union Budget includes India's indirect tax architecture including the rates for service tax, customs and excise duty.
CENVAT is the new name for MODVAT and are related to central excise. A product reaches the end user after undergoing many manufacturing activities. To reduce the tax burden of the end user, the Govt of India introduced CENVAT.
A resolute banking system is crucial in maintaining the growth rate of any economy. In these challenging times, it is critical to rationalize some of the tax provisions impacting the banking sector.
A proper tax structure meticulous planning and a customized approach will be an effective manner to outdo the bottlenecks in the pharma supply chain. An analysis.
Pawan Goenka, president – automotive and farm equipment sector at Mahindra & Mahindra has once again called upon the government to not impose any additional hike in duty on diesel in this year's budget to be presented on March 16.
Pranab Mukherjee’s 2011 Union Budget is all smoke and mirrors. It appears to be very friendly, but it is more an exercise in hiding what he cannot do. It’s about minor reliefs, not major reforms
Rohan Shah, Managing Partner, Economic Laws Practice, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
On the Central Value-added Tax front, the Finance Minister talked about legal disputes on the availability of the credit on a number of inputs or input services.