Custom Duty : As a measure of rationalization of duty structure the rates of 2% and 3% are being unified with the median rate of 2.5%. According...
Finance : Finance Minister Pranab Mukherjee presented the Union Budget 2011-12 in Parliament on Monday. While the finance minister made the ...
Service Tax : The primary reason is the simplification of the Export of Service Rules (Export Rules). The Export Rules prescribe the conditions ...
Finance : Recessions have affected mostly the real estate business. Slowing demand and sudden evaporation of liquidity position made the sit...
Income Tax : Manufacturing companies will have to shell out an additional Rs 25,500 crore on 2 per cent increase excise duty for the financial ...
Service Tax : The government will come out with a draft 'negative list' for service tax in two weeks, meaning services which are not mentioned i...
Finance : Buoyed by better-than-expected performance on government finances' front in 2010-11, the Centre on Thursday said it will keep a ta...
Service Tax : Breaking News Budget 2011 Related to Service tax on Healthcare and Excise Duty on Readymade Garments. 1) Abatement on readymade ga...
Finance : In a good sign, the government will depend less on borrowing to finance budgetary proposals in 2011-12 than in the ongoing 2010-11...
Finance : The Union Budget 2011-12 aims to sustain economic growth, strengthen infrastructure, moderate the price rise, particularly of agri...
Custom Duty : Consequent upon the printing and publishing of the Budget Bulletins, 2011 (both Customs and Central Excise & Service Tax), the Dir...
Amid skyrocketing prices, central trade unions are all set to press the Finance Ministry for raising income tax exemption limit to Rs 3 lakh from existing Rs 1.6 lakh in the 2011-12 Budget, in their meeting scheduled for tomorrow. Besides this, the unions would ask to universalise and strengthen public distribution system and rationalise tax, duty and cess on petroleum products, with a view to reduce burden on people.
Finance Minister Pranab Mukherjee is not in a mood to cut taxes but may continue with stimulus in the budget for 2011-12, feel industry representatives who met him for Pre-Budget interactions. Finance Minister is not in a mood to cut taxes because
Union Finance Minister Shri Pranab Mukherjee held a meeting with Trade Unions’ Group to get their inputs for General Budget 2011-12, here today. This was the third meeting in the series of pre-Budget consultations held by Finance Minister with the st
The government is likely to plug loopholes in international taxation to swell its kitty, since it does not have too many options to raise taxes in the upcoming Budget due to proposed rates in new direct and indirect tax regimes and high inflation. R
Union Finance Minister Shri Pranab Mukherjee held meeting with the stakeholders of different Industry Groups to get their inputs for General Budget 2011-12, here today. This was the second meeting in the series of pre-Budget consultations held by Fin
Union Finance Minister Shri Pranab Mukherjee started his pre-Budget consultations for the preparation of Union Budget 2011-12 from today. He held his first pre-Budget meeting this year with the stakeholders from the agricultural sector.
We had to issue a notification but we have decided to postpone the levy,” said a senior official. This is the third time that the finance ministry has decided to postpone the levy. The 10 per cent service tax levy had to come into effect from April 1
The government today said the Union Budget for next fiscal would look into the various problems being faced by companies under their Central Value Added Tax (Cenvat) credit claims. Cenvat rate is currently fixed at 10 per cent and companies get credi
The finance ministry is looking into the possibility of phasing out some exemptions from the Centre’s excise list in the next Budget. The move is part of the transition exercise to the goods & services tax regime, slated to come into force next finan
The primary reason is the simplification of the Export of Service Rules (Export Rules). The Export Rules prescribe the conditions to determine when a service qualifies as exports. When the Export Rules were initially introduced in March 2005, they provided for two conditions to determine whether a service qualifies as exports.
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