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SpiceJets co-founder, owner and MD Ajay Singh has reportedly bough a controlling stake in the media channel NDTV. Photo: PTI

Lower state taxes on ATF, make fuel part of GST: SpiceJet chief

Cut in state taxes on ATF and bringing it within GST to make Indian aviation sector fastest growing in the world.

6 Oct 2017 2:52 PM IST

Union Finance Minister Arun Jaitley addressing media after the 22nd meeting of the Goods and Services Tax (GST) Council, in New Delhi. (Photo: PTI)

12, 18 per cent GST rates to be merged; luxury items in 28 per cent...

Merging of 12 and 18 per cent slab mean some items in 12 per cent bracket will be sent to 5 per cent.

30 Nov 2017 6:48 PM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Apex body of hotels, restaurants welcomes GST rate change

Govt decided to fix GST rate at 5 per cent for all restaurants and not give them input tax credit.

11 Nov 2017 11:31 AM IST

The government is working to regulate and reduce the portion of food offered in star hotels and restaurants to reduce wastage of food. Is that a good idea?

Hotel, restaurants body meets GST Council over tax rates

Currently restaurants with no AC and no bar attract a GST of 12 per cent.

9 Nov 2017 5:54 PM IST

A canoe is operated by Island Tourism Kadalundi in the river.

Need for relook at tax rates to boost tourism sector: Industry

Tourism industry is one of the key drivers in terms of employment generation and inclusive growth.

26 Jan 2018 11:04 AM IST

Maruti Suzuki MD and CEO Kenichi Ayukawa (right) and senior ED R.S. Kalsi pose with new Swift after its launch at the Auto Expo 2018 in Greater Noida. (Photo: PTI)

Maruti Suzuki Q4 net profit up 10 per cent to Rs 1882.1 crore

Net sales during the fourth quarter of 2017-18 rose to Rs 20,594.3 crore, up 14.4 per cent against the year-ago period.

27 April 2018 2:42 PM IST

GM was the top-selling automaker for more than seven decades until Toyota surpassed it in 2008.

Tax cars on the basis of emission, not engine size: Toyota Kirloskar

Emission levels should be the basis for taxation of passenger cars in India and not engine capacity, size or ground...

15 April 2018 2:27 PM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Govt unlikely to go for income tax cut due to fiscal stress

The share of direct taxes to India's total tax revenues peaked at 61 per cent in 2009-10

30 Oct 2019 6:48 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Cos opting for new lower tax can't claim MAT credit, other deductions:...

The section does not provide any timeline for companies to opt for the new regime of lower tax rate.

3 Oct 2019 9:18 AM IST

A 26-year-old Indian Institute of Technology (IIT) graduate allegedly committed suicide by jumping off the 23rd floor of a residential apartment in the Golf Course road area in millennium city. (Representational Image)

Reduced tax rate for real estate to bolster consumer sentiments: ICRA

GST Council in its meeting recommended reduction in GST rate on under-construction residential properties to 1 per cent.

27 Feb 2019 10:24 AM IST

Electric vehicle is the future transport.

GST Council trims rate on electric vehicles, chargers to 5 per cent

The council also approved GST exemption for hiring of electric buses by local authorities.

27 July 2019 1:06 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Corporate tax for large companies to be gradually cut to 25 pc:...

The ministry has decided to hold meetings of tax administrators across various Tier II cities in the country.

20 Aug 2019 8:43 AM IST