Tuesday, March 04, 2025 | 11:06 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Page 2 - Latest Updates on Indirect Tax

GST amnesty scheme: A step forward or a missed opportunity?

While the GST amnesty scheme is a positive step towards improving taxpayer relations, its current form falls short of its potential

Image
Updated On : 26 Jul 2024 | 6:44 PM IST

'Don't want to raise tariffs to high levels as industry becomes complacent'

Since indirect tax figures are not being released, we are treating GST data in the same manner, he says

Image
Updated On : 26 Jul 2024 | 12:39 AM IST

Union Budget 2024-25: Lightening the indirect burden on taxpayers

The Budget has taken up several welcome measures for their benefit and overall trade facilitation

Image
Updated On : 25 Jul 2024 | 6:15 AM IST

Union Budget 2024: Beginning of remarkable direct tax reforms by Modi 3.0

Income tax changes in Budget 2024: On the personal income-tax front, the tax slab rates have been rationalised only under the new tax regime

Image
Updated On : 24 Jul 2024 | 9:28 AM IST

GST: Reimagining input tax credit norms

One of the key aspects under GST is that tax should only be on the 'value addition'. Also, the legacy issue of 'tax on tax' will be eliminated

Image
Updated On : 01 Jul 2024 | 6:19 PM IST

Major GST relief for foreign holding cos in intra-loan transactions

18% GST on additional fees, other considerations on providing loans

Image
Updated On : 27 Jun 2024 | 10:20 PM IST

ESOPs by foreign cos to employees of India unit not to attract GST: CBIC

The clarification forms part of the 16 circulars issued by the Central Board of Indirect Taxes and Customs (CBIC), following the meeting of the GST Council on June 22

Image
Updated On : 27 Jun 2024 | 4:20 PM IST

Most of top-level executives have positive GST perception: Survey

Reflecting growing confidence in GST, the survey found that about 84 per cent of respondents reported a positive perception of GST in 2024, up from 72 per cent in 2023 and 59 per cent in 2022

Image
Updated On : 19 Jun 2024 | 12:00 PM IST

CBIC cautions public to stay alert against frauds in name of Indian Customs

CBIC said various incidents have come to light through news portals/social media platforms of fraudulent persons posing as Indian Customs officers

Image
Updated On : 16 Jun 2024 | 2:59 PM IST

Budget 2024: FinMin seeks views on tax rates, laws for reducing litigation

The suggestions are to be sent to the ministry by June 17 and the full budget for 2024-25 is expected to be presented in Parliament in the second half of July

Image
Updated On : 14 Jun 2024 | 3:50 PM IST

Senior tax officers can issue directions for early GST recovery: CBIC

Generally, recovery proceedings are undertaken by the jurisdictional Deputy or Assistant Commissioner of Central Tax

Image
Updated On : 02 Jun 2024 | 1:40 PM IST

Gross GST collection in April shoots past Rs 2 trn to record high

Net mopup rises 15.5% on strong domestic activity

Image
Updated On : 02 May 2024 | 12:27 AM IST

Budget 2024: Here's what FM Nirmala Sitharaman said about income tax

Interim Budget: FM Sitharaman said that the average processing time of returns has been reduced from 93 days in the year 2013-14 to 10 days this year

Image
Updated On : 01 Feb 2024 | 1:23 PM IST

Interim Budget: FM sticks to fiscal consolidation path in Budget speech

Interim Budget: FM Sitharaman said that the fiscal deficit in 2023-24 is expected to be 5.8%, lower than the earlier estimates of 5.9%

Image
Updated On : 01 Feb 2024 | 12:35 PM IST

Union Budget 2024: 10 terms to boost the know-how of key financial exercise

The Union Budget, laid out on February 1 annually, is the financial roadmap that shapes the country's economy. Here are 10 key Budget terms for better insights into the key financial exercise

Image
Updated On : 03 Jan 2024 | 4:15 PM IST

Understanding GST revenue performance

Contrary to belief, GST underperformed the old tax regime in its initial years but has now begun to exceed expectations, six years after implementation

Image
Updated On : 01 Jan 2024 | 10:42 PM IST

GST receipts decline to three-month low but hold on to Rs 1.65 trn in Dec

Average monthly gross GST collection -- Rs 1.66 trillion in the first nine months -- represents a 12 per cent rise over the Rs 1.49 trillion recorded in the corresponding period of FY23

Image
Updated On : 01 Jan 2024 | 11:34 PM IST

GST mop-up rises 15% to Rs 1.68 trn; two-wheeler sales enter fast lane

The 15 per cent Y-o-Y growth in November came despite weak external conditions

Image
Updated On : 01 Dec 2023 | 11:08 PM IST

AAR under GST plagued by conflicting rulings, quality of orders

It is generally feared that AARs typically comprise deputy commissioner or joint commissioner rank of officials who give judgement in favour of authorities

Image
Updated On : 28 Nov 2023 | 4:49 PM IST

Nine-year shift: Taxpayers' income distribution less tilted to super-rich

ITR filing surges 90% during AY13-14 and AY2021-22

Image
Updated On : 26 Oct 2023 | 11:13 PM IST