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INDIRECT TAX BOARD
The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...
CBIC allows remote clearance for sea cargoThe Central Board of Indirect Taxes and Customs has introduced new procedures for vessel entry and departure. Customs officers will now gra...
Import tariff values for gold, silver raisedIndia's customs board has increased import tariff values for gold and silver. This move aims to manage import costs due to global commodity...
DRI, Customs officers to intensify vigil on gold smuggling post import duty hikeRevenue intelligence and customs officials are preparing to tighten surveillance across airports, seaports and land borders after India rai...
These 6 banking stocks have an upside potential of up to 24% in 1 year, according to analystsThe news flow is mixed in the case of banking stocks. The numbers so far this quarter suggest that all is well with the sector and banks ar...
True cost of trading: Know about these hidden charges that impact your trading bill; here's what it really costsThere are several types of orders that investors can place on the exchange, and each interacts with the system in a distinct way. The choic...
Disciplined investing delivered good results for us: Navneet Munot, HDFC MF CEOHDFC MF’s Navneet Munot tells Sanket Dhanorkar and Kayezad E. Adajania how navigating crises has shaped investing discipline, risk manageme...
How managements hide debt, losses, and disputes without breaking a single accounting rule – and take investors for a rideA listed company rarely operates alone. Behind it can sit a web of subsidiaries, step-down entities, associates, overseas arms, and special...
India, Kenya discuss possibility of trade settlement in local currenciesIndia and Kenya are exploring trade settlements in their own currencies. Discussions also covered digital payment systems like UPI. A joint...
Goods moved from SEZs to domestic markets treated as imports; duty drawback applicable on re-exportsNew Delhi has clarified a key point for exporters. Goods moved from SEZ units to the domestic market, after paying duties, will now be cons...
India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...
Government extends due date for March GSTR-3B filing to April 21The deadline extension comes after taxpayers experienced "technical difficulties" in return filing on April 20. In a notification on Tuesda...
IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
Direct vs indirect taxes: Key differences and how they impact taxpayers and prices in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 9...
No double tax if casino, e-game winnings are used for fresh bets"The value of supply of online gaming, including actionable claims involved in online money gaming, shall be the total amount paid or payab...
Customs officials likely to get more powersThe government is contemplating amending the Customs Act in the upcoming budget.
- Indirect tax mopup rises 16.4% to Rs 31.5k cr in July
Indirect tax collections in July were up 16.4% from a year ago. In the April-July period the kitty was up 27% from a year ago.