Representational Picture Jaisalmer: The products and providers tax council on Saturday determined to levy an 18 per cent GST on margin worth on the sale of used electrical automobiles by companies and agreed to maintain jet gas (ATF) out of the ‘one-nation-one-tax’ regime. The GST Council in its fifty fifth assembly additionally determined to make … Read more
Picture Supply : X Nirmala Sitharaman chaired the fifty fifth GST Council Assembly The Items and Providers Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman, made important selections in its fifty fifth assembly, aimed toward streamlining the taxation system and curbing tax evasion. Nonetheless, the council deferred a call on decreasing tax charges for … Read more
The invoice focuses on rising the income of the state authorities. Nagpur: The Maharashtra Worth Added Tax Act 2002 (Modification) Invoice, 2024, was handed by each homes of the legislature on Thursday. Deputy Chief Minister Ajit Pawar mentioned that the state authorities will make efforts via the GST Council to supply aid to the farmers … Read more
Picture Supply : FILE Web direct tax assortment sees a leap within the nation. The federal government has reported a major rise in internet direct tax collections, which have surged by 16.45 per cent to exceed Rs 15.82 lakh crore within the ongoing fiscal 12 months. This progress reveals sturdy financial exercise and improved tax … Read more
Picture Supply : AP Donald Trump US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the “excessive tariff” imposed by New Delhi on import of sure American merchandise. “Reciprocal. In the event that they tax us, we tax them the identical quantity. They tax us. We tax them. And … Read more
US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the “excessive tariff” imposed by New Delhi on import of sure American merchandise. “Reciprocal. In the event that they tax us, we tax them the identical quantity. They tax us. We tax them. And so they tax us. Nearly in … Read more
Picture Supply : AP (FILE) Switzerland revokes India’s ‘Most Pleasant Nation’ standing over Nestle verdict. The federal government of Switzerland has suspended essentially the most favoured nation (MFN) standing clause within the Double Taxation Avoidance Settlement (DTAA) between India and Switzerland, probably impacting Swiss investments in India and resulting in increased taxes on Indian corporations … Read more
Picture Supply : PTI (FILE) Maharashtra Deputy Chief Minister Ajit Pawar. Maharashtra: In an enormous reduction to Maharashtra Deputy Chief Minister Ajit Pawar, the Revenue Tax (IT) division has cleared properties price over Rs 1,000 crore seized in 2021. The transfer got here after the Prevention of Benami Property Transactions Appellate Tribunal dismissed the costs that … Read more
Picture Supply : AP/FILE US President Joe Biden with son Hunter Biden President Joe Biden on Sunday night time pardoned his son, Hunter sparing him a potential jail sentence for federal felony gun and tax convictions earlier than leaving White Home. He has reversed his previous guarantees to not use the extraordinary powers of the … Read more
Volkswagen is a tiny participant general in India’s 4 million items a yr automobile market. New Delhi: India has issued a discover to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by “wilfully” paying lesser import tax on parts for its Audi, VW and Skoda automobiles, a doc exhibits, in what is likely … Read more