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GST WINDFALL
ONGC shares rally 6% after govt cuts crude oil royalty; CLSA explains why it’s a big boostONGC shares surged 6% after CLSA termed the government’s decision to cut crude oil and natural gas royalty rates a major positive for upstr...- IndiGo shares drop 5% as Motilal Oswal cuts target price on higher fuel costs, other headwindsShares of IndiGo parent InterGlobe Aviation fell nearly 5% on Friday as elevated oil prices and Middle East tensions pressured aviation sto...
- Finance Ministry rethinks windfall tax; Oil Ministry for natural gas under GSTThe finance ministry is assessing the windfall tax on petrol, diesel, and aviation fuel exports. It is also considering bringing natural ga...
- GST Council Meeting: Sin goods windfall, tax relief talks, and more ahead of budget buzzGST Council Meeting: The upcoming 53rd meeting of GST Council is poised to discuss several key measures that could pave the way for signifi...
- India to withdraw windfall tax if oil prices fall $40 a barrelThe tax on firms that have increased product exports to gain from higher overseas margins took effect on July 1, as the government moves to...
- GEECL to invest Rs 15,000 cr in shale gas exploration"We have a huge potential of shale resource of up to 6.63 trillion cubic feet (TCF) in our block," GEECL MD & CEO Prashant Modi said. "We a...
- GST, Cos Act bring windfall for CAsNew reforms in taxation and Companies Act push demand for CAs to an all-time high.
- IBJA wants clearance tax on Asean gold importsLevy will prevent traders from exploiting tax arbitrage.
- Chidambaram hits out at 'anti-consumer' Centre over fuel pricesState-owned Oil and Natural Gas Corporation yesterday announced acquisition of government's entire 51.11 per cent stake in oil refiner HPCL...
- Higher tax on cigarettes keeps industry under pressure: ITCThe cumulative growth in tax incidence on cigarettes, after cognising for the latest increase in cess rates, stands at 202 per cent in last...
- Gold traders find another route to offset dutyAnother trade source said that exporters with in-house gold refineries were buying the discounted instruments.
- ITC hikes cigarette prices by 6-7%; should you consider the stock now?Analysts believe that the hike in cess has raised the effective tax under GST by 10-11 per cent.
- Tobacco stocks rebound after sharp plungeThe stock of ITC made a positive opening and gained 2.56 per cent to Rs 291.90 on the BSE.
- Expensive affair: Cigarette shares tumble up to 14% post GST Council meetBrokerage firm HSBC maintained hold rating on ITC with a target price of Rs 320.
- GST Council raises cess on cigarettes to fix anomaly under GSTWhile reduction in tax incidence on items of mass consumption would be welcome, it would be unacceptable in case of demerit goods like ciga...
- 3.2 per cent fiscal deficit target realistic; revenues to improve: Shaktikanta DasRevenue if at all can exceed because people are pointing out that you have not taken into account windfall you will get from RBI because of...
- Union Budget 2017: We are on a steady fiscal consolidation path: Arvind SubramanianPublic investment allocation has gone up and we are hoping that that as long as private investment remains weak, that will fill in for some...
- PMGKY proceeds should not be used to fund government schemes: Economic SurveyOne needs to add the taxes collected on money declared under disclosure scheme (PMGKY), as well as the 'taxes' paid to intermediaries who l...
- D-Street gung-ho on GST, most expect bill to go through in winter session8 out of every 10 market enthusiasts that took part in an ETMarkets poll on Twitter expressed hope that the GST would be passed.
- RBI suggests booming e-commerce can help boost state revenuesRBI has suggested that state government could use the booming e-commerce industry to raise its revenues with clear rules. Also, the states ...
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