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EXCISE AND TAXATION
ITC's packaged foods business crosses $2 billion in revenueITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was ...- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- EU plans lower taxes on clean energy in drive to cut power billsThe European Union is set to propose new regulations next month. These plans aim to cut taxes on renewable energy and boost electricity sys...
- ITC announces final dividend of Rs 8/share. Check record date and other detailsExcerpt: ITC Limited’s board has recommended a final dividend of Rs 8 per share for FY26, with May 27 set as the record date. Alongside an ...
- ITC Q4 Results: Profit rises 5% YoY to Rs 5,113 crore; Rs 8/share dividend declaredITC reported a 5% year-on-year growth in its standalone net profit to Rs 5,113 crore for the March-ended quarter. Revenue from operations r...
- Alcohol-in-beverage: Karnataka leads India’s next liquor tax experimentKarnataka becomes India's first state to adopt an Alcohol-in-Beverage excise duty structure. This new policy, effective May 11, deregulates...
- United Spirits Q4 Results: Profit jumps 27% on demand for premium liquorKarnataka, one of India's highest-tax alcohol markets, said in March it will scrap government price controls and shift to strength-based e...
- IRS won't tell you about these COVID refunds, but here's how to claim every dollar you are owedNearly 79 million Americans already filed federal tax returns this year. Yet millions may still qualify for hidden IRS COVID refund claims ...
- Beer makers say costs are bubbling over as glass supply tightens the pourAs the beer industry experiences a surge in demand, producers are encountering significant challenges, primarily due to rising production c...
- New policy will benefit premium brands, hurt local ones, distillers tell Karnataka CM SiddaramaiahLocal alcohol manufacturers in Karnataka have urged Chief Minister Siddaramaiah to review the proposed liquor tax system, saying it favours...
- Karnataka plans excise policy that aims to cut alcoholic beverages consumption by 8-9% over six yearsKarnataka has released a draft excise policy proposing to cut alcohol consumption by 8–9% over six years, while shifting towards lower-stre...
- Karnataka liquor taxation: Distillers to meet CM, seek review of new alcobev tax structureAlcoholic beverage manufacturers in Bengaluru are seeking a review of proposed excise duty rules, fearing a European model's negative impac...
- Rahul Bose Episode: JW Marriott Hotel fined Rs 25,000 for levying GST on bananasJW Marriott had charged actor Rahul Bose 18% GST on fresh fruits.
- Haryana hikes VAT on diesel to 16.4 per centWith surcharge, the effective VAT hike on diesel would come to around 17.22 per cent, entailing an increase of nearly Rs 2 per litre of the...
- Haryana to suffer Rs 1,340 cr loss due to shifting of liquor vendsHaryana Excise and Taxation department today said it will suffer financial loss of Rs 1,340 crore because of shifting of liquor vends from ...
- Single stage taxation may cause revenue loss: Experts"VAT Act was brought with this purpose to eliminate tax evasion at any stage of the items," Garg said.
- Business volume under e-Trip system growing despite oppositionThe anti-tax evasion e-Trip system had faced stiff opposition from the industry, who said this will lead to harassment for the trade and in...
- Haryana excise dept collects over Rs 1,928 cr revenue in AprilThe Haryana Excise and Taxation Department has collected revenue of over Rs 1,928.12 crore in April during the current financial year.
- Commonwealth Games fuel Haryana's tax collectionsFueled by an overall industrial growth particularly in the auto and hospitality sector during the recent CWG, Haryana's VAT collection and ...
- VAT laws to be ready by OctoberPunjab's excise and taxation department has brought out a 61-page preliminary draft for the proposed value added tax.
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