Oil companies flag roadblocks in rationalising taxes on jet fuel
Currently, airlines have to pay taxes for certain services, such as 'throughput charges', 'into-plane charges' and 'fuel-infrastructure charges' when they take the ATF at any airport for their planes.
Government hikes sales tax, petrol & diesel price up in Karnataka
The government was losing revenues from this source since the prices of p...
View: India needs a new methodology to gather data
A gap has grown for decades between consumption as reported by GDP data and NSSO surveys.
Fish subsidies rise 23%, but India feels it won't be an issue
Tamil Nadu, Gujarat and Karnataka doled out the highest sops for fisherfolk in 2017-18.
Government rules out excise duty cut as petrol, diesel prices hit fresh high
Excise relief is ruled our as neither the Centre nor state govts have the appetite to stomach revenue loss.
Petrol crosses Rs 78, diesel rates at new high
Petrol price has risen by Rs 0.91 a litre in Delhi in last 13 days. Diesel rates have gone up by Rs 0.89 per litre since then.
US Supreme Court to review bid to collect Internet sales tax
State and local governments could have collected up to $13 billion more in 2017 if they’d been allowed to require sales tax payments from online merchants and other remote sellers.
Dharmendra Pradhan to states: Cut sales tax or VAT on petrol and diesel
"Several states have reduced VAT, we will appeal again... States, which have high VAT component, they should reduce for consumers interest," the minister told reporters here.
Has GST filing time been cut to a third?
The claim made during a presentation to highlight the steps on ease of doing business was questioned, saying the numbers may not be in order.
Good, bad and ugly of India's new national sales tax journey
Traders are struggling with their lack of knowledge of the new tax regime -- compliance obligations, raising invoices and accessing input credits.
Japan's Shinzo Abe sets sights on more foreign workers, higher sales tax
Abe also asked cabinet ministers to consider ways to limit fluctuations in consumer spending when the government raises the nationwide sales tax in 2019.
Government seeks Parliament nod to spend Rs 85,315 crore more this fiscal
A bulk of the net cash outgo would be spent to compensate states on account of revenue loss suffered due to implementation of GST as well as for phasing out of Central Sales Tax (CST).
View: The tax matter India must not cede ground on
This should have been basic logic: MNCs must pay their share of tax in every market where they make a profit.
Japan to revamp GDP data to reflect "sharing economy"
Through a series of reforms on economic indicators, the government also aims to address long-standing concerns about data accuracy, volatility, sampling and collection methods.
5,000 companies face queries on GST transition credit
Taxmen suspect that some companies are misusing the provision and have filed fake returns to claim high transitional credits.
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