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IMPORT TAX COLLECTIONS INDIA
Healthy consumption: GST collections surge to Rs 2 lakh crore, car sales jump 36%India's economic indicators showed resilience and growth in August. Goods and services tax collections rose 14.8 percent to ₹2 lakh crore. ...- Government eases import ban on high-tech electronicsElectronic companies can now import select high-value components temporarily. This move follows industry requests for imports until local p...
- PM Modi urges Indians to avoid buying gold to curb trade deficit and support rupeePrime Minister Modi renewed his appeal for Indians to avoid buying gold unless necessary. This call aims to curb bullion demand and ease ec...
- Can a right to collect toll become taxable payment? The GST questionA Supreme Court case questions whether a government-granted right to collect tolls constitutes non-monetary payment for highway constructio...
- India's gross GST revenue up 14.8% on year to nearly Rs 2 lakh crore in AugustIndia’s gross GST revenue rose 14.8% year-on-year to Rs 1.99 lakh crore in August 2026, up from Rs 1.74 lakh crore a year earlier. However,...
- Toxic box office collections day 6: Yash, Kiara Advani's film fails crucial Monday test. Earns in single digits in IndiaToxic Box Office Collection Day 6: Yash, Kiara Advani and Nayanthara’s film records a dip in box office earnings after a strong debut weeke...
- Viswanath and Sons OTT release and platform new details: When and where to watch Suriya, Mamitha Baiju's Tamil family entertainer after its theatrical runSuriya's latest film, Vishwanath And Sons, continues its successful theatrical run following its August debut. Several reports are making r...
- India’s Q1 GDP growth quickens to 7.8% as consumption, capex offset US-Iran war shockIndia’s GDP grew 7.8% in Q1 FY27, slower than the revised 8.6% in Q4 FY26, but faster than the revised 6.9% in Q1 FY26. The Q1 growth beat ...
- India's fiscal deficit for April-July at Rs 4.55 lakh crore, narrows to 26.8% of FY27 aimIndia's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this ye...
- Govt likely discussing import duty cut on gold and silver as high tariffs ‘fail’ to curb importsThe government is discussing a possible cut in gold and silver import duties after the higher rates failed to reduce imports and instead co...
- F&O tax rules: How derivatives traders should report profits, losses and expensesOne of the biggest misconceptions among retail traders is that profits from F&O are taxed like stock market gains. That is not the case. Un...
- Toxic box office collection day 4: Yash's Kannada gangster movie enters Rs 250 crore movie worldwide amid mixed reviewsYash's film Toxic has crossed Rs 250 crore globally after four days. The movie earned Rs 190.45 crore net in India during this period. Dail...
- GST Council's 57th meeting to be held on September 12, officers' meeting on September 11The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in...
- Budget 2027: Finance Ministry sets October 12 for pre-Budget meetings, seeks spending and revenue plansAs the 2027-28 Union Budget approaches, central ministries are tasked with crafting practical fiscal estimates. The Finance Ministry emphas...
- Toxic box office collection day 3: Yash, Nayanthara's Kannada action movie all set to cross Rs 250 crore mark worldwideYash's latest film, Toxic, had an impressive start with a worldwide gross of Rs 221.45 crore in just three days. Although it faced a declin...
- India’s budget math brightens with asset sales target in sightIndia's fiscal position has improved significantly from earlier concerns. The government is set to exceed its asset sale target for the fir...
- India’s Reinsurance: Hidden tax or treaty? Best way to expand tax base is to redraw map of where business is doneIndian insurers transfer risk to global reinsurers, impacting tax treaties. These international agreements often prevent India from taxing ...
- India court to re-hear Volkswagen's challenge to $1.4 billion tax demand, sources sayAn Indian court will re-hear Volkswagen's challenge to a significant tax demand. This decision comes more than a year after arguments in th...
- Rs 5.31 lakh income tax refund denied as taxpayer did not claim it in the original ITR; he approaches ITAT Delhi and wins the case to get tax refund with interestRs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders t...
- IRS final notice of Intent to Levy: What 30 days means before the IRS can seize money or propertyThe IRS Final Notice of Intent to Levy is a serious warning. It can come before the IRS takes money or property to collect an unpaid tax de...
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