New Delhi, Jan 12
The long-pending Goods and Services Tax (GST), touted as India’s most far-reaching reform of indirect taxes, is likely to be implemented after the general elections this year, according to UBS.»
December 1, 2013
Buyers who were not charged value-added tax on under-construction flats may now have to bear the additional cost. »
November 22, 2013
Ideally, the base for GST should be comprehensive. Most experts have argued that petroleum products and alcohol should not be excluded from GST at the stage of constitutional amendment. Im...
November 8, 2013
“Real estate sector loses tax battle”(Business Line, November 7) is full of errors about the statutory provisions decision of the Apex Court. There is confusion regarding...
Panaji, Oct 11
The Manohar Parrikar-led Goa government’s populist measure to exempt Value Added Tax (VAT) on petrol has shrunk revenue collections from this product from Rs 157 crore, to a mere Rs 1 crore during...
Hyderabad, Aug. 9
Hyderabad generates about 40 per cent of the total value-added tax collections in the State. »
New Delhi, Jul 17
The Empowered Committee of State Finance Ministers on Goods and Service Tax (GST) will elect its new Chairman at their meeting to be held on July 22. The post is lying vacant since June...
May 16, 2013
Finally, there seems to be some progress in GST implementation, with States at least trying to reach a consensus of key issues.
Thiruvananthapuram, Jan. 19
State Government has decided to scrap Value Added Tax levy on subsidised LPG cylinders, Chief Minister Oommen Chandy announced here.This will make the cooking gas cylinder cheaper by...
Kochi, Jan. 10
The Garment Manufacturers Association of Kerala has urged the government to drop the move to impose 5 per cent VAT on garments. In a statement, P.K. Rajeevan, president of the associatio...
November 22, 2013
The decision of state finance ministers to oppose inclusion of petroleum products and alcohol from the ambit of Goods and Service Tax (GST) is not only against the spirit of a unified mark...
New Delhi, Nov. 18
The Aam Aadmi Party (AAP), which plans to come out with its manifesto this week, said it would work for simplification of value added tax (VAT) in Delhi to enable “businesses to grow”.
Chandigarh, Oct 30
Haryana continued to post “dismal” growth in tax revenue mobilisation in the wake of slowdown in industrial segment as state’s Value Added Tax (VAT) collections rose by 7.74 per cent for April til...
Coimbatore, Sept. 30
Tea Trade Association of Coimbatore has appealed to the State Government for a uniform VAT rate of one per cent for all teas sold through the auction centres and subsequent sales within the State.
Kolkata, Aug 3
MCC Chamber of Commerce & Industry said some of the recently revised incentives proposals for new industrial units by the West Bengal Government were novel. The incentives ha...
June 16, 2013
When expanding into a rapid-growth economy such as India, few companies pay attention to the crucial area of indirect taxes.
Lucknow, May 7
Giving relief to smokers, Uttar Pradesh government today slashed VAT on cigarette/cigar from existing 50 per cent to 25 per cent, official sources said here.
The decision was taken at the...