Taxes

Friday, Apr 19, 2024 | Last Update : 07:02 AM IST

Union Finance Minister Nirmala Sitharaman speaks during a press conference after chairing the 44th GST Council meeting via video conferencing, in New Delhi, Saturday, June 12, 2021. (Photo:PTI)

GST slashed on COVID-19, black fungus medicines; 5% tax retained on vaccines

The reduced tax rates were based on a recommendation of a group of ministers, headed by Meghalaya Deputy Chief Minister Conrad Sangma

13 Jun 2021 7:38 AM

Indian telecom operators revenue grows strongly defying coronavirus, says Fitch. (ANI Photo)

Telecom operators' buck COVID-19 slowdown, reports strong revenue: Fitch

Data traffic surged by 20 to 30 per cent as the lockdown increased demand for data connectivity

07 Aug 2020 1:59 PM

Taxes, levies in telecom sector high, need to be reviewed thoroughly, said Sunil Mittal. (DC Photo)

There is a need to review high levies in telecom sector, says Sunil Mittal

Government should not view the sector as source for exchequer, but instead as a force multiplier for ensuring economic momentum, Mittal said

31 Jul 2020 4:09 PM

I-T refunds worth Rs 62,361 cr issued to 20.44 lakh taxpayers during Apr 8-Jun 30. (PTI Photo)

I-T department refunds ₹62,000 crore to 20 lakh taxpayers

The income tax department has issued tax refunds at a speed of 76 cases per minute from April 8 to June 30, 2020

03 Jul 2020 3:32 PM

India is considering raising import taxes on edible oils as the country seeks to become self-reliant by boosting local oilseed production. (AFP Photo)

India plans to hike edible oil import taxes to boost local supply

India currently levies 37.5% and 45% import tax respectively on crude and refined palm oil

09 Jun 2020 9:00 AM

The iPhone maker is appealing to Europe’s second highest court to overturn the European Commission’s 2016 ruling that it pay the record sum to Ireland. (Photo: AP)

Apple says USD14 billion EU tax order 'defies reality and common sense'

The European Union’s order to Apple to pay EUR 13 billion (USD14 billion) in back taxes ‘defies reality and common sense’, the US firm said

18 Sep 2019 10:02 AM

The return of USD 1 trillion annual deficits comes despite President Donald Trump's vow when running for office that he would not just balance the budget but pay down the entire national debt. (Photo: File)

Report shows US deficit to exceed USD 1 trillion next year

Federal debt, which is already high by historical standards, is on an unsustainable course, said Phillip Swagel of CBO.

22 Aug 2019 5:48 PM

"The tax officers are putting to use their goodwill with the assessees and nudging them to pay the taxes by March end, the last month of the fiscal, to make up for the collection target for 2018-19," a government official said. (Representional Image)

GST officers prodding businesses to deposit taxes by March 31 to meet fiscal target

The practice of prodding assessees to pay taxes by March end was also prevalent during erstwhile excise and service tax regime.

31 Mar 2019 2:00 PM

Ireland’s finance ministry, which began collecting the back taxes in a series of payments in May, estimated last year the total amount could have reached 15 billion euros including EU interest. (Photo: Pixabay)

Ireland recovers disputed Apple taxes in full ahead of appeal

The European Commission ruled in August 2016 that Apple had received unfair tax incentives.

19 Sep 2018 9:01 AM

While GSTR-3B is the initial simplified return which businesses have to file, GSTR-1 is the final sales return to be filed every month.

Looking at ways to ensure timely refund of taxes: Finance Ministry

Committee is trying to find a way of giving refund by linking GSTR 1 with GSTR 3B forms.

22 Sep 2017 4:45 PM

Locals too are unhappy with the influx of tourists with many feeling that they are are being priced out of the city centre because of tourist accommodation. (Photo: AP)

Amsterdam to up tourist taxes to discourage visitors

Dutch city wants to increase tourist tax by as much as €10 a night to stop stag dos and other budget city breakers.

13 Sep 2017 11:40 AM

Google will be paying more taxes in Australia

The ATO has increased scrutiny over how much tax multinationals operating in Australia pay.

30 Apr 2017 11:06 AM

President Donald Trump reacts after addressing a joint session of Congress on Capitol Hill in Washington. (Photo: AP)

Trump made USD 150mn, paid USD 38 mn in taxes in 2005: White House

The White House pushed back pre-emptively Tuesday night, saying that publishing those returns would be illegal.

15 Mar 2017 7:58 AM

EDMC is developing Preet Vihar and Vasundhara Enclave as ‘model colonies’.

Cash-strapped EDMC proposes three new taxes

Corporation will go for 100 per cent digital transaction from April 2017.

08 Dec 2016 2:36 AM

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Mohan Guruswamy