Govt Cuts Import Duty On Refined Soybean & Sunflower Oils To 12.5%

New Delhi- The government has reduced the import duty on refined soybean and sunflower oils to 12.5 per cent from 17.5 per cent with...

GST Council To Meet On June 28-29 In Srinagar

New Delhi- The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on June 28 and 29 in Srinagar. “The 47th meeting of the GST...

Tax Demand Case: Flipkart Gets Relief Till Feb 24

Bengaluru- The Income Tax department has assured the High Court of Karnataka that no coercive action will be taken against Flipkart India Private Limited...

Direct Tax Collection Surges By 35% To Rs 6.48 Lakh Cr

New Delhi- Direct tax collection, including personal income tax, rose by 35.46 per cent to Rs 6.48 lakh crore in the current fiscal up...

Govt Notifies ITR Forms For 2021-22, Seeks Details Of Income From Overseas Retirement Benefit...

New Delhi- The Income Tax department has notified forms for filing I-T returns for 2021-22 fiscal, which also seek details of income from overseas...

GST Mop-Up In Sept At Rs 1.47 Trn; Festival Season To Push Up Revenues

New Delhi- GST collections remained above Rs 1.40 lakh crore for the seventh month in a row at Rs 1.47 lakh crore in September, a 26...

GST Not Payable On House Rented To Proprietor For Residential Purpose: CBIC

New Delhi- From January 1, GST would not be payable on housing units rented to the proprietor of a proprietary concern for residential usage...

Refunds: IT Dept Asks Taxpayers To Send Online Response For Ay 20-21

New Delhi (PTI): The Income Tax Department has urged taxpayers to "quickly" send an online response so that their pending refunds for assessment year...

RBI Guv Bats For Cut In State Taxes On Petrol, Diesel

New Delhi- Lending support to the Union government's pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India...

NHAI Toll Revenue To Jump To Rs 1.40 Lakh Cr In 3 Yrs: Gadkari

New Delhi- Toll revenue of the NHAI will soar to Rs 1.40 lakh crore per annum in the next three years from Rs 40,000...