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Without giving actual figures, the official said that revenues from customs duty came in at 102 per cent of RE, while in case of excise duty it was 101 per cent of RE
Gross direct tax collections stood at ₹28,11,936 crore, marking a 4.03% increase compared to ₹27,03,107 crore in FY25. The growth was driven by higher inflows from both corporate t...
Monthly indicators from the Comptroller and Auditor General of India show that, except for Kerala, states saw growth of up to 58% in “sales tax/taxes on sales, trade, etc.” collect...
Amidst the West Asia conflict, customs and excise duty concessions to have an impact, Rs 1,800 crore revenue impact in three months from customs exemption to petrochemicals
In the RE for FY26, the government projected its direct tax collection at ₹24.21 lakh crore
GST Shake-Up: Govt Introduces Key Amendments to Beverage Tax Rates Effective May 1, 2026 The Ministry of Finance (Department of Revenue) has issued a Notification No. 01/2026-Centr...
Incentives under the Package Scheme of Incentives in Maharashtra is taxable under the Income Tax Act The taxability of government subsidies has long been a debated issue under the...
Records 9% growth; but growth from domestic sources was just 6% while that from import was around 18%
Indirect tax professionals carry one of the most consequential responsibilities in any organization. As the pace of regulatory change … The post 5 best practices for filing sales...
The State Taxes Enforcement Wing (Central), Jammu, has achieved a record revenue realisation of Rs 3.45 crore from 878 established GST violation cases during the financial year 202...
Government Tightens Export Duties on Diesel and ATF to Boost Revenue and Domestic Supply On Saturday, April 11, 2026, the central government increased export duties on domestically...
ITC Not Allowed on Lease Rentals Paid for Industrial Land: AAAR This case essentially boils down to a fight over whether a company can get a tax break on the rent it pays for indus...
UltraTech Cement slapped with Rs. 808.78 Cr Income Tax Demand UltraTech Cement Limited has received assessment order under Section 143(3) of the Income Tax Act, 1961 for Assessment...
The petitioner contended that ENA, primarily used as a base for the manufacture of alcoholic liquor for human consumption, fell outside the ambit of GST under the regime governing...
Excise taxes are levied on goods manufactured or produced locally for domestic sales or consumption, imported things, and services performed within the Philippines. These taxes, im...
Your income may be tax-free up to ₹12 lakh–but your cash flow still isn’t For many taxpayers, it now feels like a strange bargain-no tax liability, but still a deduction at sourc...
Only Profit, Not Full Purchases Taxable: ITAT Reduces Alleged Bogus Purchase Addition from 25% to 12.5% The ITAT Mumbai dismissed the tax authorities’ appeal concerning how much in...
India Introduces Income Tax Act, 2025, to Simplify Tax Compliance With the implementation of the Income Tax Act, 2025, from 1st April, 2026, India has taken a big step towards simp...
In April, the gross Goods and Services Tax (GST) collections reached a new high, showing the successive strength in economic activity even during the ongoing Middle East Conflict....
Real estate sector contributes Rs197b as govt weighs tax relief proposals
While this ruling reinforces a strict interpretation of tax laws, the Court also acknowledged the “disproportionate financial and administrative burdens” this places on honest buye...
While this ruling reinforces a strict interpretation of tax laws, the Court also acknowledged the “disproportionate financial and administrative burdens” this places on honest buye...
GST Introduced IMS Offline Tool to Simplify Bulk Invoice Processing With an aim to make GST compliance more easy and effective for taxpayers, GST Network (GSTN) has launched the I...
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