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REMOVAL OF CESS
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...- What steps India has taken to stem pressure on its external balance of paymentsIndia is taking steps to manage its currency's decline. Higher duties on gold and silver imports are in place. Import rules for silver have...
- Centre waives customs duty on cotton imports till October 30Cotton imports will be duty-free from June 1 to October 30, 2026. This move by the Centre aims to increase cotton availability for India's ...
- Coal India Q4 Results: Profit rises 12% to Rs 10,908 crore; co declares Rs 5.25 dividendCoal India reported a 12% rise in Q4 profit driven by better realizations and higher income, despite cost pressures. Margins improved, thou...
- Delhi government to introduce smart cards, cess portal to benefit construction workersDelhi government is introducing chip-enabled smart cards for construction workers. This initiative will streamline registration and welfare...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Simpler on paper, complex in practice: Auto industry grapples with new GST frameworkIndia's GST Council has streamlined taxes on automobiles, shifting from a four-tier to a two-tier structure by discontinuing the Compensati...
- New GST reforms to bring down tax on coal, reduce power generation cost with removal of cess, says govtThe government announced Goods and Services Tax reforms for the coal sector. These reforms aim to lower the overall tax burden on coal. Con...
- Tata Motors to slash car prices by up to Rs 1.45 lakh from September 22 under GST 2.0Tata Motors announced a price reduction of up to Rs 1.45 lakh across its passenger vehicle range, effective September 22, due to the newly ...
- New GST rate on cars and other vehicles simplified; check old vs new GST on automobilesThe GST Council has revised the Goods and Services Tax, simplifying it into 5% and 18% slabs. GST on small cars is reduced to 18%, while ot...
- Tax tweak on coal yields net positive for discomsThe GST rationalization on coal, increasing the rate to 18% while eliminating the ₹400/tonne compensation cess, is projected to lower power...
- KCR says no reduction of VAT on petrol, diesel in Telangana; demands Union to withdraw cessSlamming the State BJP leaders who announced agitational programmes against the TRS government for discouraging farmers not to go for paddy...
- Liquor makers hail withdrawal of COVID cess by Delhi govt, say 5% hike in VAT reasonableLiquor makers on Sunday welcomed the Delhi government's decision to withdraw 70 per cent Special Corona duty on liquor after increasing VAT...
- Assocham asks government to remove surcharge and cessThe chamber said the surcharge and education cess were originally introduced for a short period of time but are being continued from year t...
- ICPPA asks govt to remove Environment Cess on coalIndian Captive Power Producers Association today said the budgetary proposal to double cess on coal was not a "progressive tax" and should ...
- Karnataka CM Siddaramaiah criticises Swachh Bharat cessHe pointed out that the Swachh Bharat programme was actually just a renamed central government programme that the UPA used to called Nirmal...
- Finance Ministry opposes levy on electronic products importsInformation Technology Ministry's proposal to levy a cess on import of electronic products to create a corpus for development of domestic i...
- Not possible to end cesses: Plan panelPeople will have to live with cesses and surcharges as it is not be possible for the government to eliminate them at present as has been ad...
- Phase out cesses, surcharges, STT, FBT; bring new income tax codeIndustry is demanding removal of the surcharges to make calculation of corporate taxes simple and increase disposable income of people.
- Govt abolishes Textile Committee cess on RMGn a bid to give a boost to country's garment industry, the government on Thursday decided to abolish the Textile Committee cess on ready ma...
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