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Tough task for Arun Jaitley to balance Budget

It is the middle and the salaried class who have been severely hit by the high service tax in GST.

29 Jan 2018 1:26 AM IST

Arun Jaitley will likely step up funding of existing rural programmes such as a jobs guarantee scheme, rural housing and a crop insurance plan in what will be his final full year budget before the general election. (Photo: PTI)

With elections coming up, what to expect in this year's Union Budget

According to the official, 'The budget is likely to offer incentives to the farm sector and small businesses.'

28 Jan 2018 8:58 PM IST

GST stabilised in short time, hints at further rejig: Arun Jaitley

GST collections hit lowest in November from Rs 80,808 crore in the previous month.

27 Jan 2018 2:41 PM IST

JLR expects the 7-seater fifth generation Land Rover Discovery to boost the sales given the petrol option and the lower prices starting from Rs 71.38 lakh for the petrol option.

JLR seeks lower GST on premium sedans, SUVs

GST tax rates at 48 per cent for sedans and 50 per cent for SUVs in premium segment are extremely high.

26 Jan 2018 3:45 PM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

GST collection sees rise after two months

Some 56.30 lakh GSTR 3B returns have been filed for the month of December, 2017 till January 24, 2018.

26 Jan 2018 12:30 AM IST

Indian Oil Corp has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday. (Photo:IOCL)

Oil and gas industry seeks infra status, lower taxes in budget

Rollout of GST, and exclusion of petroleum sector from its purview, has translated into much higher costs for sector.

25 Jan 2018 1:08 PM IST

(Representational image)

Reading the tea leaves as fiscal 2019 looms

The FM is fiscally bound this year, not least because the GST is performing below expectations.

22 Jan 2018 12:29 AM IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

Great expectations

The delays in implementing GST 2 and 3 are allowing large leakages of revenue to happen.

21 Jan 2018 12:09 AM IST

The Council had in May fixed 28% as the top rate for cigarettes. A 5% ad valorem cess was levied on top of it and Rs 1,591 per thousand sticks as fixed cess on both filter and non-filter cigarettes of not exceeding 65 mm.

Higher tax on cigarettes keeps industry under pressure: ITC

Government on July 17 had hiked the limit of cess to be levied on cigarettes.

20 Jan 2018 9:55 AM IST

Prime Minister Narendra Modi

Modi pitches for simultaneous parliament, slams caste politics

Modi praised his government's work, saying GST and demonetisation are not its only achievements.

20 Jan 2018 8:06 AM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

India Ratings projects economic growth at 7.1 pc next fiscal

Ind-Ra expects retail and wholesale inflation to come in at 4.6 per cent and 4.4 per cent.

18 Jan 2018 3:40 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Govt lowers additional borrowings to Rs 20,000 crore in FY18

Government has reassessed additional borrowing requirements taking note of revenue receipts and expenditure pattern.

17 Jan 2018 11:18 AM IST