-
In a joint submission, the opposition governed states said that while they support the principle of simplifying the GST rate structure, any move to reduce slabs and shift items into lower tax brackets must not come at the expense of state revenues.
-
In this episode of Moneycontrol Editor’s Picks, we have a special focus on the GST reform rollout and its impact on consumer durables, the economy of lottery-dependent states, revenue collection, and the green signal it gives to the RBI to introduce another expected rate cut by the end of 2025.
-
Bruhat Bengaluru Mahanagara Palike has collected more than Rs 1,000 crore in property tax during 2024–2025 compared to the previous financial year.
-
A growing customer base and new categories like mixers, grinders – beyond fans – contributed significantly to Atomberg’s growth.
-
Facing backlash over fare hikes of up to 71 percent, Bangalore Metro is looking for ways to boost non-fare revenue
-
Many passengers have switched to UPI to tackle change-related issues after the bus fare hike came into effect on January 5.
-
Bajaj Auto net profit up 8% to ₹2,196 crore, revenue at ₹13,169 crore. SBI Card Q3 Results: Net profit drops 30%, NII down 3.5%; NPAs remain flat. Colgate-Palmolive Q3 numbers fall short of estimates, net profit down 2% to ₹323 crore. Tata Motors Q3 Preview: Net profit may fall 7%, margins likely to contract on negative operating leverage
-
He urged the DRI officers to focus energy on big fish and masterminds and bust syndicates in smuggling operations
-
While announcing the earnings, Freshworks CEO said that the firm will be laying off around 660 employees or 15 percent of its overall headcount as part of its strategic priorities
-
Tax collections remained above Rs 1.7 lakh crore mark for the eighth consecutive month
-
According to documents sourced from Tofler, Flipkart Internet generated around Rs 4,972 crore from advertising business
-
Last fiscal, overall revenue growth was driven by a 10 per cent increase in domestic revenue even as export revenue declined 7 per cent.
-
Licious said the company’s focus has shifted to owned channels, as a result of which revenue was dragged down from modern trade and local stores.
-
While domestic revenue was up 9.2 percent to Rs 1.25 lakh crore in August, import revenue grew faster at 12.1 percent during the month Rs 49,976 crore compared to the previous year’s figures
-
Capex utilisation still lower than previous year’s estimate
-
The Central Board of Direct Taxes (CBDT) said net direct tax collection of Rs 6.92 lakh crore includes Corporation Tax (CIT) of Rs 2.2 lakh crore
-
The numbers were higher than the previous month but lower than the GST mop-up in April
-
Multiple litigations were not leading us anywhere, the procedures have been standardised, the chairman said.
-
Formalisation would lead to increase in tax base and tax net, the revenue secretary said
-
Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates have reported a "gradual improvement" in demand trends in the April-June quarter, which was on the expected lines.
-
The company had reported a consolidated net revenue of Rs 4,376 crore in the first quarter (April-June) of the 2023-24 fiscal year.
-
Indian states’ revenue grew 7.5 percent in the previous fiscal
-
The collections totalled Rs 5.57 lakh crore in the first quarter of the year, averaging Rs 1.86 lakh crore per month, said sources
-
A data analysis shows that GST has led to increased revenue buoyancy for the centre and states. States have witnessed a jump of nearly 3 percentage points in own tax revenue ratio from pre-GST era. Experts say that GST 2.0 should now focus on further rationalization of rates and removal of input tax credit restrictions
-
Some of BCG’s proposals are likely to be included in the next budget. It has also started working with the finance department to streamline expenditure in tenders across major departments.
