Monday, Apr 23rd 2018
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Taxes
Tearing into the BJP Budget of Arun Jaitley, Congress called it 'disappointing and a big let down. Former Finance Minister Chidambaram said, 'it is the last full budget of this government, and I should add 'thank god for that'.
Finance Minister Arun Jaitley presents in parliament the government's last full-year budget before the 2019 general elections. Jaitley, speaking both in English and ...
The GST Council at its 23rd meeting today decided to cut the 28 per cent GST tax rate on a wide range of mass consumption items to 18 per cent, Bihar Deputy Chief Ministe...
A Chennai shopkeeper has begun to split the bill for a pair of shoes, selling each separately. A garment dealer is selling the quintessential dupatta separately from the ...
19, Jun 2017, by : FnF Desk
The Goods and Services Tax (GST) Council at its 17th meeting on Sunday decided to increase the room tariff threshold, above which the luxury rate of 28% will apply, to ₹7,500 from the ₹5,000 decided earlier. Read News
19, May 2017, by : FnF Correspondent
There were no unpleasant surprises. The first day of crucial Srinagar meet of the Goods and Services Tax (GST) council produced some good news for the aam aadmi. The prices of most daily use items for common man, including cereals, sugar, tea, medicines, vegetables, eggs, milk and cell phones, are kept below a moderate 18 percent rate.Read News
14, May 2017, by : FnF Desk
The income tax department has launched an online facility to correct errors in names and other details in permanent account number (PAN) and Aadhaar document. Alongside the facility to link biometric identifier Aadhaar with PAN, the department has also put two separate hyperlinks on its e-filing websiteRead News
30, Mar 2017, by : FnF Correspondent
Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the Goods and Services Tax. Read News
30, Mar 2017, by : FnF Desk
The Lok Sabha cleared the four goods and services tax (GST) Bills, but not before a heated debate between the treasury benches and the Opposition over multiplicity of rates, ambit of the new tax system, nature of legislation, proposed anti-profiteering body and Parliament's right over the new tax system. Read News
29, Mar 2017, by : FnF Correspondent
Finance Minister Arun Jaitley has moved four GST (Goods and Services Tax) bills in Lok Sabha. Calling it a revolutionary step which would benefit all, Jaitley said both states and the Centre had pooled in their sovereignty into the GST council.Read News
The "Bagchi Report”, which recommended the blueprint of State Value Added Tax design, recognized that VAT may not be the first best solution, but it is only feasible solution within the existing framework. VAT offered improvements over the relatively inefficient Sales Tax regime associated with narrow base, problem of cascading, multiple rates, exemptions and tax holidays. Despite tremendous benefits VAT offered
Exactly 24 hours from now, India will see a sweeping change in its existing tax regime in the form of the Goods and Services Tax (GST). The much-anticipated tax reform wi...
The Goods and Services Tax (GST) system should first be implemented in select industries and service sectors to test it before rolling it out on a full scale across the n...
Taxing agricultural income has always been a politically sensitive topic. This was evident last week after NITI Aayog member Bibek Debroy spoke in favour of this above a ...
17, Feb 2017, by : FnF Desk
Uttar Pradesh's revenue has taken a big hit - first due to demonetisation and now because most government employees are out on election duty. Officials in the concerned departments fear that the revenue targets for the current fiscal might take a knock of 25-30 per cent. Read News
03, Jan 2017, by : Biswajit Choudhury
The year was supposed to be that of final preparations for rolling out the comprehensive reform of India's indirect tax system through the Goods and Services Tax (GST), but progress towards meeting the government's implemention target of April 2017 was stymied by its November move to demonetise high-value currency. Read News
05, Aug 2016, by : FnF Desk
About 42 per cent of the Rs 22 lakh crore ($328 billion) revenue of the central government and 35 states and union territories will now be subsumed under the goods and services tax (GST), passed by parliament's upper house on August 3, 2016 and being touted by some as one of independent India's 'boldest reforms'.Read News
01, Mar 2016, by : Shishir Asthana
If there was one budget proposal that set the social media on fire, then it was the tax on withdrawal of employee provident fund (EPF).Read News
02, Sep 2015, by : Charu Bahri
In March 2015 - in response to a drop in sales as taxes more than doubled over four years - India's leading cigarette company ITC Ltd. shortened its discount Bristol-brand cigarettes by 5 mm. That allowed Bristol cigarettes to make use of India's complicated six-tier cigarette-tax Read News
16, Apr 2013, by : Sahadev Sahoo
The Empowered Committee (EC) of State Finance Ministers in its first meeting of the year held at Bhubaneswar on 28th and 29th January 2013 approved recommendations of the committees on GST design and CST compensation. Read News
To tax (from the Latin taxo; "I estimate", which in turn is from tango; "I touch") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities. Taxes consist of direct tax or indirect tax, and may be paid in money or as its labour equivalent (often but not always unpaid labour). A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the government a payment exacted by leg... Read News
by : Priti Prakash
Independence was a painful journey that got with it death, destruction, migration, division, sacrifi...
by : Satya Narayan Sahu
Today is observed as Ambedkar Jayanti. While in JNU in late 1970s we never studied about Ambedkar. ...
by : Rajeshwar Singal
This may sound like a dilemma, but it is not far from truth. Conduct Rules are meant to govern condu...
by : Sunita Narain
The idea of secularism is this very idea of India which respects the equality of all. Of course, wit...
by : Ravi Kishore
Today every one is talking about judicial accountability i.e. how the whole system of judiciary is t...
by : Surya Mohan Dubey
Continuous deadly events happening every now and then prove that Indian Government has utterly faile...
