Tejasvi Surya, the BJP MP representing Bengaluru South constituency, on Tuesday, urged the Karnataka government to roll back the Bruhat Bengaluru Mahanagara Palike's proposed property tax system, which relies on guidance value to determine the tax rates instead of the existing zonal-based c
Heaping praise on the Interim Budget 2024-25, Union Home Minister Amit Shah on Thursday said that the budget draws the roadmap to achieve PM Modi's vision of a developed Bharat by 2047.
"In keeping with convention, I do not propose to make any changes relating to taxation and propose to retain the same tax rates for direct and indirect taxes including import duties."
Uttar Pradesh's Finance and Parliamentary Affairs Minister Suresh Khanna has been named the convenor for the Group of Ministers (GoM) constituted by the GST Council to revise the tax rates on goods and services
"Great news for the Indian economy! Rising tax collection despite lower tax rates shows the success of how GST has increased integration and compliance," tweeted PM Modi.
Responding to a question on the new income tax regime announced in the Union Budget 2023, the Minister said that the simple step of trying to leave some money in the middle-class' hands leads to a lot of inferences. "We had said earlier we will simplify and reduce income tax rates, that's wh
The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price. The percentage of net corporate tax to GDP is 3.01 per cent. This ratio was the highest in 2018-19, according to data of corporate tax collection for a span of fi
Mumbai (Maharashtra) [India], December 30 (ANI/NewsVoir): The Government of India collected Rs 1.52 trillion as goods and services tax (GST) in October, reporting a 16.6 per cent year-on-year increase, driven by festive spending, better compliance, and higher tax rates. This collection is ex
New Delhi [India], October 14 (ANI/Mediawire): Today, the start-up ecosystem can be found in every major city around the world. This is because the internet allows start-ups from all over the world to connect and share resources.
New Delhi [India], July 18 (ANI): The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today.
Kathmandu [Nepal], July 6 (ANI): Finance Minister Janardan Sharma resigned on Wednesday amid widespread criticism following charges that he had employed two unauthorized persons to tweak tax rates.