India's GST: Is it a modified Value Added Tax?Increasing the indirect taxes makes consumption more and more costly and therefore has an inflationary effect, which makes the poor to suff...
24 Jun, 2017, 11.27 AM IST
Roll out of GST to bring down prices: GovernmentThe Central Board of Excise and Customs has given out a details of the existing tax incidence and under GST to demonstrate reduction in tax...
22 May, 2017, 10.58 PM IST
How pocket-friendly will GST be for youHowever, some other products such as bottled water, bathing soap, LED TV and split AC may see a rise in price.
04 Nov, 2016, 07.03 PM IST
GST test for Narendra Modi today: Here’s what it means for PM, India and youThe move will create uniformity in taxes across states, increasing efficiency & compliance and also boost the push towards ease of doing bu...
03 Aug, 2016, 01.52 PM IST
VAT department collects Rs 14,720 crore till first week of January; 40% short of targetWith the state govt’s VAT collection target of Rs 24,000 crore now seeming a tall order, its VAT department has stepped up action against t...
12 Jan, 2016, 11.55 AM IST
Rajasthan government scraps taxes on work book, biogas in Budget 2014-15Tyre and tube produced by vehicle producers, and the raw material used in wind mill manufacturing has been exempted from entry tax, Raje sa...
14 Jul, 2014, 05.39 PM IST
Budget 2012: Bring the rate of CST immediately down to 0%, says IIAOne of the major positive fallout of this move would be push the inflation in to downward spiral and thus normalising the economy.
23 Feb, 2012, 05.46 PM IST
- SMEs seek GST implementation, uniform VAT rates
IIA an apex body of Micro, small and medium enterprises has sought GST implementation and uniform VAT rates across all states.
04 Feb, 2011, 08.04 PM IST
- Exporters upset with Centre’s proposal to increase VAT rate
The Centre’s plan to request state governments to enhance the entry level rate of value-added tax (VAT) from 4% to 5% has given the jitters...
05 Feb, 2008, 06.19 AM IST
- Entry tax is adjustable on all items except sugar: Manpreet
The Punjab government has clarified that the Entry Tax being levied on all items, except sugar, is aimed at checking evasion of value-added...
26 Nov, 2007, 09.00 PM IST
- CVD excised, importers now on par with manufacturers
The revenue department has withdrawn the 4% special countervailing duty (CVD), also known as special additional duty (SAD), on VAT-paid imp...
19 Sep, 2007, 02.37 AM IST
- Gujarat may do away with octroi next fiscal
The tax reform bug, it seems, has bitten states as well. Gujarat may soon join the league and remove octroi.
14 Mar, 2007, 02.13 AM IST
- Uniform CST of 2% from April '06
The government has decided to issue a notification on the implementation of a uniform central sales tax (CST) of 2% with effect from April ...
13 May, 2005, 11.42 PM IST
- VAT may be factored into DEPB
The incidence of value added tax (VAT) will be factored into the duty entitlement pass book (DEPB) scheme or its successor, if exporters fa...
27 Mar, 2005, 11.07 PM IST
- VAT to end unhealthy competition: India, Inc.
Welcoming the White Paper on VAT, apex chambers of commerce and industry on Monday said this would mark the first step towards tax rational...
17 Jan, 2005, 11.22 PM IST
- Centre, states to share powers on service tax
In a bid to ensure smooth implementation of state-level value-added tax (VAT) with effect from April next, the government cleared a proposa...
19 Dec, 2002, 08.43 AM IST
- Delhi to slap entry tax on goods from states
THE DELHI government, aiming to replace sales tax by a Value Added Tax by April 1, 2002, plans to give set-off of VAT paid on inputs agains...
22 Dec, 2001, 03.01 AM IST