The GST Council is set to meet regarding the regulation of industrial alcohol, which has been contested between the government and states. ...

ICICI Bank has received a show cause notice from GST authorities regarding a ₹229.14 crore demand. This demand pertains to services provide...

NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.

India's fiscal trajectory will increasingly depend on the strength of direct tax collections due to lower customs duties. Indirect tax reve...

At least 13 people were killed in a suicide bombing targeting a police checkpost in Dera Ismail Khan. The attack involved a tractor-trolley...

Last week's auto-ancillary story dealt with another major participant in the same broad industry. This week's business is dramatically narr...

The CBIC has established four interim boards in Delhi, Chennai, Mumbai, and Kolkata to handle pending customs and excise disputes following...

No officer should remain posted on sensitive posts for more than three years to ensure probity among the government servants, the Central B...

The Finance Ministry has detected customs and excise duty evasion of at least Rs 1,000 crore between January and July.

The former CBEC member has not yet been named in the case registered by the agency but the investigations are still going.

Finance Minister Pranab Mukherjee today exuded confidence that they will be able to meet indirect tax collection target of Rs 5.05 lakh cro...

The Revenue Department has said air travellers who had purchased their tickets before April 1, 2012 will not have to pay the higher service...

Revenue department detected central excise and service tax evasion of over Rs 13,620 crore in the 11-month period till February of 2011-12 ...

Belying concerns over slowdown, indirect tax collections increased 16.1 per cent to Rs 2,85,787 crore during April-December.

This is being done in view of the fact that assessees are facing problems in electronic filing of returns.

The indirect tax collections during October declined by 2.5% mainly on account of drop in realisation from customs and central excise.

The upper limit on what one can carry or bring back from abroad has often landed flyers in the customs net.