Here's a selection of Business Standard opinion pieces for the day
Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%
After sluggish mop up in April and May, state earnings have been improved with revenue collection in July at Rs 10,675 crore, or 97% of the level achieved the same month a year ago
The decision was taken at the cabinet meeting chaired by chief minister Arvind Kejriwal.
Only a simpler tax structure will increase compliance
On June 27, price of petrol was increased by Rs 0.25 per litre while that of diesel by Rs 0.21 per litre. Rates differ from state to state, depending on value-added tax (VAT)
Diesel price continued to be higher in the city for the second consecutive day
The definitional changes made for MSMEs would address the problem of "dwarfism"
Saudi Aramco, the world's most valuable listed company, will pay a dividend of $18.75 billion for the first three months of 2020.
UP govt also raises tax on petrol and diesel
No change in retail prices as oil marketing firms to absorb increase
Following the revision, the price of petrol in Delhi increased by Rs 1.67 to Rs 71.26 a litre and diesel by Rs 7.10 to Rs 69.29.
Assocham President Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of I-T, VAT, and GST, and compensation
Both Kolkata and Mumbai saw an increase of Rs 1.01 each on petrol to Re 1 each on diesel. However, prices in Delhi remained unchanged
Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level
The fact is that GST is not a flat tax
If brought under GST, natural gas will attract a uniform rate of tax at the consumption point anywhere in the country after doing away with current rates of excise duty and VAT
On the other hand, tax revenues rose 13.44 per cent for West Bengal in this period
On the lines of the Delhi government's scheme for consumers under the VAT regime, the Centre's lottery system will aim to increase compliance
Manufacturers have been hit by a higher tax outgo that comes without any input credit