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Indirect taxes see 22% fall12-NOV-09
The green shoots visible in the economy failed to enhance government revenue with indirect tax collections — comprising customs, excise and service tax — falling almost 22 per cent to Rs 1,26,903 crore in the April-October period this year. It stood at Rs 1,61,954 crore in the corresponding seven months of 2008-09. The overall decline was led by a 32 per cent fall in customs revenue.
GST should subsume all central, state indirect taxes: CII24-OCT-09
The government should subsume all Central and state level indirect taxes into proposed Goods and Services Tax (GST), industry chamber CII has said.
Breaking the Budget down09-JUL-09
Ernst & Young on how Budget 2009 will impact businesses and individuals.
GST may not be introduced in Budget26-JUN-09
The budget may not mention the introduction of Goods and Services Tax (GST) from next fiscal as there are already voices expressing doubts about meeting the deadline.
Slowdown hits tax kitty by Rs 60,000 cr this fiscal16-FEB-09
Hit hard by the economic slowdown, the Centre's tax kitty is slated to have a shortfall of about Rs 60,000 crore this fiscal against original estimates, with indirect taxes being impacted more as the Government cut these duties to perk up the economy.
Sunil Jain: Who likes inflation?07-AUG-08
Traditional wisdom has it that finance ministers may worry about the impact of inflation on the common man, but it does wonders for their finances. In times of inflation, revenues and profits of both
E&Y Analysis: Indirect Taxes03-MAR-08
CUSTOMS DUTY
Impact of Budget on the indirect taxes03-MAR-08
The decision not to lower the peak rates of customs duty across the board on manufactured goods is a positive decision in the wake of appreciation of the rupee against the dollar. Imports had already
Budget in 2 minutes01-MAR-08
DIRECT TAXES
Durable makers for lower indirect taxes19-FEB-08
The consumer durables industry has asked for lower indirect taxes and cut in Customs duty on inputs in the forthcoming Budget, as it seeks to safeguard its profitability against any increase in
Rangarajan calls for moderate indirect taxes17-JAN-08
Calling for a moderation in indirect taxes levied on the consumer durables sector, C Rangarajan, chairman of the Prime Ministers Economic Advisory Council (EAC), said the move would provide a boost
Legality of `fishing`10-AUG-07
Searches okay, if there is specific information.
A liberal approach12-JUL-07
Duty concession on medical equipment good policy.
Taxpayer`s choice15-JUN-07
'You can claim the more beneficial exemption'
Advance rulings15-MAY-07
Only joint ventures qualify, not the 'aam aadmi'
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