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RATIONALISATION OF TAXES AND LEVIES
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- 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...
- Losing $1 billion a day: Gurmeet Chadha urges PMO, Finance Ministry to revisit capital gains tax, STTGurmeet Chadha has urged the government to revisit capital gains tax and STT, citing sustained foreign capital outflows. He claims India is...
- Customs duty structure review to focus on reducing number of rates: Revenue SecretaryThe government plans to streamline customs duty rates, aiming to reduce them from about a dozen to five, according to Revenue Secretary San...
- GST rate rationalisation panel reconstituted, Bihar Dy CM Samrat Chaudhary appointed convenorBihar Deputy Chief Minister Samrat Chaudhary appointed as convenor of GoM on GST rate rationalisation. Panel includes members like UP Finan...
- View: The tax matter India must not cede ground onThis should have been basic logic: MNCs must pay their share of tax in every market where they make a profit.
- States not in favour of petrol, diesel inclusion into GST: FMThe five petroleum items have been kept out of GST as they are considered cash cows, giving both the Centre and states bulk of their tax re...
- Trai proposes licensing & tax reformsTrai has also backed a review of licence fees, SUC and the Universal Service Obligation Fund (USOF) levy to enhance the overall ease of doi...
- Govt hints at reviewing rates in top GST bracketAfter slashing the GST rates of over 200 items last month, the government today hinted at reviewing levies on the items in the top 28 per c...
- Simplify, rationalise tax for telecom companies: Assocham-KPMG studyIt will provide financial stability to debt-laden telecom industry which is constrained to spend large sums of money on network rollouts an...
- Study moots rationalisation of taxes, levies to boost stability of debt-laden telecom sectorThe Assocham-KPMG study does not name Reliance Jio Infocomm but appears to be alluding to the company, which is the sole major player to ha...
- Telcos ready with wish list for next governmentThe association has called for rationalisation of taxes and levies, which it said aggregated to 30% of telecom revenues in India.
- Budget 2013: Govt relooks at excise, service tax exemptionsIf implemented, this could mean a more expensive grocery bill as a host of packaged food items like sweetmeats, cheese, butter, noodles, ke...
- Efforts on to rationalise STT, decision likely in next budgetEfforts are on to rationalise the Securities Transaction Tax (STT), a tax levied on sale and purchase of equity.
- Phase out cesses, surcharges, STT, FBT; bring new income tax codeIndustry is demanding removal of the surcharges to make calculation of corporate taxes simple and increase disposable income of people.
- Zero levy on ethanol in Punjab to pave way for 10% blended fuelThe decision will help implement a 10% ethanol blended petrol scheme from October. Oil firms are finding it difficult to buy adequate ethan...
- I&B ministry sets up panels to rationalise high entertainment taxA sub-committee has been formed to look into rationalisation of entertainment tax levied by state governments on sectors like CAS, DTH and ...
- TRAI 'broadcasts' to I&B for increasing penetrationSector regulator TRAI is batting for tax cuts for the broadcast industry and has written to the Information & Broadcasting Ministry seeking...
- Unified levy system for broadcasting on cardsThe broadcasting sector, which also includes DTH players and cable TV operators, is likely to see the advent of a unified levy system.
- Telephone charges could go downCrores of telephone users can hope for a cut in call charges with Finance Minister P Chidambaram favouring a unified levy of taxes for the ...
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