NCLAT says NCLT cannot directly order SFIO Probe; refers matter to CentreThe National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) could not directly order an inve...
Karnataka revises liquor prices. Check latest new rates in Bengaluru and other areasKarnataka has implemented a new Alcohol-in-Beverage (AIB)-based excise duty system, resulting in updated liquor prices statewide. The excis...
Delhi cuts VAT on aviation turbine fuel to 7% from 25%The Delhi government has significantly cut the Value Added Tax on Aviation Turbine Fuel. The tax on ATF will now be 7 percent, down from 25...
Maharashtra govt mandates use of Marathi for revenue hearings, ordersThe Maharashtra government has mandated the use of Marathi in all revenue department quasi-judicial hearings and orders. A new standard ope...
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...
Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...
India received highest number of regressive tax recommendations from IMF: OxfamAn Oxfam report highlights the International Monetary Fund's (IMF) tax advice. India received the most regressive recommendations between 2...
Firms looking for a way to change their GST officialsMany companies are rushing to their tax consultants and desperately asking them if they can in anyway change their assessing officers.
Government to file charge sheet against 10 big defaulters next month"The department recently appointed its VAT officials as Investigative Officers, on the lines of police, to probe the roles of ten traders w...
Petrol may become dearer in Goa post budgetThe BJP government was sworn in on March 9, 2012, after the party got majority in the Assembly polls and was led by former chief minister M...
Sajjan Singh Yadav appointed Delhi's VAT commissionerAmid the confrontation between AAP government and the Centre over the new VAT commissioner, Lt Governor Najeeb Jung appointed IAS Sajjan Si...
Delhi Cabinet passes resolution against LG Najeeb Jung in fresh face-offThe Cabinet slammed Jung for relieving Kumar without consulting the elected government and said, "Unilateralism is one thing.
AAP leaders meet Rajnath Singh to discuss transfer of officialsDelhi government took up with Union Home Minister Rajnath Singh its demand for inquiry into the transfer of VAT Commissioner Vijay Kumar.
Our technical solutions will end red-tapism: Manish SisodiaDelhi deputy CM Manish Sisodia speaks to Ambika Pandit & Neha Lalchandani on government's roadmap
VAT Issues: Karnataka offers ecommerce giant Amazon a month for tax callUntil then, the Commercial Taxes department has agreed not to act against individual dealers who have business partnership with Amazon.
Barclays in tax row over avoiding paying millions of pounds in a deal with AccentureBarclays bank has now been embroiled in a tax row that allegedly involved avoiding paying mns of pounds in tax in a deal with Accenture.
- K'taka's tax collection grows by 30.56 pc in Apr-Dec
Overall tax collection in Karnataka grew by 30.56 per cent to Rs 16,958 crore for nine months ending December 2006, from Rs 12,988 crore in...