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    • Why mining companies are at loggerheads with states on minerals tax?

      Why mining companies are at loggerheads with states on minerals tax?

      In 1989, the SC found that “royalty is a tax” under the Mines Act. A cess on royalty being a tax on royalty was beyond the State’s legislative competence since the Union’s Mines Act “covers the field,” it had said.

    • Centre to set up 16th Finance Commission to suggest Centre-state tax devolution beginning FY27

      Centre to set up 16th Finance Commission to suggest Centre-state tax devolution beginning FY27

      As per the glide path for fiscal consolidation, the government aims to bring down the fiscal deficit to 4.5 per cent of gross domestic product (GDP) by the 2025-26 fiscal.

    • State tax cut policies prop up income, fanning inflation worries

      State tax cut policies prop up income, fanning inflation worries

      New income data released Thursday suggests that the state help is, in fact, making a difference to consumers by notably boosting their incomes.

    • Kerala announces cut in state tax on petrol by Rs 2.41, diesel by Rs 1.36

      Kerala announces cut in state tax on petrol by Rs 2.41, diesel by Rs 1.36

      The Kerala government on Saturday announced a cut in tax on the prices of petrol and diesel by Rs 2.41 and Rs 1.36 per litre respectively, following reduction of fuel price by the Centre.

    • Kerala gives up levy on diesel price hike

      Kerala gives up levy on diesel price hike

      Thiruvananthapuram, Jun 27 (PTI) In a relief to common man, UDF Government in Kerala today decided to forgo the state tax to be accrued by way of the recent increase on diesel price.

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