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Tax

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India’s net GST mopup growth slows to 6.5% in August, shows govt data

Experts believe that despite a decline in net GST revenue due to increased refunds, the continued growth in gross GST collections indicate a robust economy.4 min read Last Updated :…
Posted by Xavier September 1, 2024
Punjab cabinet clears excise policy, aims at over Rs 10,000 cr collections
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Punjab cabinet clears excise policy, aims at over Rs 10,000 cr collections

The new excise policy envisages allotment of liquor vends through a draw of lots, the minister said, adding that instead of 172 groups, 232 groups have been formed this time…
Posted by Xavier March 9, 2024
Govt hikes windfall tax on petroleum crude to Rs 3,300 a tonne from Feb 16
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Govt hikes windfall tax on petroleum crude to Rs 3,300 a tonne from Feb 16

On Feb. 3, India had raised windfall tax on petroleum crude to 3,200 rupees/tonne from 1,700 rupees a tonne, while keeping the tax on diesel, ATF and petrol at zero …
Posted by Xavier February 15, 2024
Existing taxation structure for corporates very reasonable: Revenue secy
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Existing taxation structure for corporates very reasonable: Revenue secy

'The existing taxation of our country now for corporates at 22 per cent, when compared to the economy of our size, is very, very reasonable. In light of all these,…
Posted by Xavier February 4, 2024
FinMin’s DGGI busts 1,700 fake Input Tax Credit cases, nabs 98 fraudsters
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FinMin’s DGGI busts 1,700 fake Input Tax Credit cases, nabs 98 fraudsters

DGGI has unravelled cases using data analysis aided by advanced technical tools, leading to the arrest of tax evaders GST intelligence officers have detected fake Input Tax Credit (ITC) cases…
Posted by Xavier February 3, 2024
India increases windfall tax on petroleum crude to Rs 3,200 per tonne
Posted inBlog

India increases windfall tax on petroleum crude to Rs 3,200 per tonne

India raised its windfall tax on petroleum crude to 3,200 rupees per ton from 1,700 rupees from Saturday while keeping the windfall tax on diesel and aviation turbine fuel…
Posted by Xavier February 3, 2024
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