Page 5 - Latest Updates on Indirect Tax

Dockets the Supreme Court forgot

Judges are compelled to decide cases applying laws whose validity is under challenge

GST system redesign neither desirable nor feasible, say tax experts

Experts want the GST Council to prepare a detailed road map for the next two-three years to provide an environment of tax certainty for businesses

Budget 2020: FinMin seeks industry inputs on direct, indirect tax changes

'Views may be supplemented and justified by relevant statistical information about the production, prices, revenue implication of the changes suggested'

High indirect taxes are hurting exports, Make in India initiative: Experts

Exports of goods and services accounted for just 6.9 per cent of India's GDP in 1990-91 and they grew by record high of 25.4 per cent in FY14

Need to reduce centrally sponsored schemes to improve spending: N K Singh

Revenue buoyancy continues to be weak in the area of indirect tax, said Singh

Indirect tax mop-up at Rs 6.12 trn in Apr-Nov; FY19 target at Rs 11.16 trn

Minister of State for Finance Shiv Pratap Shukla said the actual indirect tax collection for 2018-19 would be known after the end of the financial year

Simplicity as seen by tax officials

The Central Board of Indirect Taxes and Customs has said Integrated Goods and Services Tax will not be payable on in-bond sales of goods in a bonded warehouse

Centre needs another Rs 4.2 trillion to meet FY18 indirect tax target

Now, of the Rs 1.9 trillion through IGST, data from the controller general of accounts shows Rs 1.38 trillion was sitting on the government book at the end of November

Indirect tax share in GDP at all-time high of 10.5%

Experts say higher taxes could be one of the reasons for a demand slowdown in economy

Chidambaram asks FM Jaitley to cut indirect taxes immediately

Chidambaram said that slashing indirect taxes would push consumption and in turn perk up production

Tata Motors, Kingfisher owe over Rs 1000 cr each in indirect taxes

Tata Motors has outstanding excise duty of Rs 629.76 crore in 91 cases and service tax dues of Rs 516.09 crore in 5 cases

Indirect tax mop-up rises 27.5% to Rs 3.36 lakh crore till August

Net collections of Service Tax during April-August stood at Rs 92,696 crore

Indirect tax mop-up rises 33% in May

Indirect tax mop-up stood at Rs 1.31 lakh crore up to May this fiscal, which is 16.8% of Rs 7.78 lakh crore estimated in the budget

Indirect tax collections jump 42% in April

The collections in April are 8.3% of the Budgeted target for the 2016-17 fiscal

Govt unearths indirect tax evasion of Rs 50,000 cr in 2 yrs

The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years

Indirect tax collections rise 41% in April

Govt to withdraw 7,500 small indirect tax cases

As many as 136,365 indirect tax dispute cases are pending before CESTAT, Commissioner (Appeal), high courts and the Supreme Court at the end of Sept 2015