Search For "taxation system"
Karnataka's new alcohol policy a "big positive", larger players likely to
Updated : 2 months, 3 weeks ago IST
Karnataka's new alcohol policy marks a significant shift in the state's regulatory landscape. With price deregulation and a transition to a new taxation system, major industry players are expected to benefit while local companies lose ground, according to a report by Nuvama.
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Pakistan's "fake tax boom" exposed as system remains broken
Updated : 7 months ago IST
Despite higher tax filings and a 15.7% tax-to-GDP ratio, Pakistan's taxation system remains weak. Many returns report zero income, salaried workers bear the largest burden, and exemptions weaken revenue. Experts say real progress requires genuine compliance, broader taxation of the wealthy a
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How Will the GST Tax Reforms Affect the Common Man?
Updated : 7 months, 2 weeks ago IST
Bengaluru (Karnataka) [India], October 24: The Goods and Services Tax (GST) has been a game-changer in India's taxation system since its rollout in 2017. After almost two decades of deliberation and planning, the country adopted a unified tax structure aimed at simplifying the complex web of
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"Today we've streamlined taxation": Union Minister Piyush Goyal backs tax
Updated : 8 months, 1 week ago IST
While addressing a press conference in the national capital, the Union Commerce Minister said that under the Congress regime, multiple taxes were imposed including the Value Added Tax and Central Tax, however, PM Modi's government aims to simplify the taxation system for ease of doing bus
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"India's taxation system considered most transparent, reliable in world":
Updated : 1 year, 6 months ago IST
While addressing the inaugural session of an Appreciation Course in Parliamentary Processes and Procedures for a group of 73 Officer Trainees (OTs) of IRS (Customs & Indirect Taxes) comprising officers from 74th and 75th batch and 5 Officer Trainees of Royal Bhutan Customs held at the Pa
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FICCI expects potential tax reforms and increased capital expenditures in
Updated : 1 year, 10 months ago IST
The Federation of Indian Chambers of Commerce & Industry (FICCI) has anticipated that the government might reform the taxation system in the union budget, aimed at stimulating economic growth.
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Vice President Naidu calls for further simplifying tax system
Updated : 4 years, 1 month ago IST
New Delhi [India], April 29 (ANI): Vice President M Venkaiah Naidu on Friday called for simplifying the tax system further to promote voluntary compliance and reduce litigation.
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Taxpayers will benefit from abolition of DDT, says Govt
Updated : 6 years, 4 months ago IST
New Delhi [India], Feb 2 (ANI): The government on Sunday said that all taxpayers would benefit from the abolition of Dividend Distribution Tax (DDT) as the "tax to be paid by them on their dividend income would be less than what they were earlier paying indirectly through DDT."
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Before GST, nation was politically integrated, not economically: Jaitley
Updated : 8 years, 9 months ago IST
New Delhi [India], July 6 (ANI): Finance Minister Arun Jaitley said the rollout of the Goods and Services Tax (GST) has integrated the country by bringing the states together and instilling uniformity in the taxation system.
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Snapdeal leads its sellers into GST Era
Updated : 8 years, 9 months ago IST
New Delhi [India], July 5 (ANI-BusinessWire India): Snapdeal on Tuesday announced its platform's successful transition into the post Goods and Services Tax (GST) world, culminating months of preparation overhauling all key systems impacted by the taxation system change.
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GST Bill is going to be consumer friendly: Jaitley
Updated : 8 years, 9 months ago IST
New Delhi [India], May 19 (ANI): Union Finance Minister Arun Jaitley on Friday said that the Goods and Services Tax (GST) Bill, which is to exempt the daily-use commodities from the levy, is going to be more efficient and a consumer friendly taxation system.
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GST to streamline taxation system, says Nasscom
Updated : 8 years, 9 months ago IST
New Delhi, Aug 4 (ANI): With the Goods and Service Tax (GST) amendment Bill passed in the Rajya Sabha, Nasscom today said that this regime would streamline the taxation system and make it more transparent, but would also create multiple taxation points, which will be a challenge for the IT i
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