There has been this confusion over the Amendment of Entry 84 of the Union List following which the Centre can levy excise only on petrol, natural gas, crude petroleum, high-speed diesel. The Finance Ministry clarified with a notification saying there is 'no legal infirmity' in the notifications issued by the Govt with regard to the GST Constitution Amendment Act.
The government should at the earliest levy duty on refined sugar being imported into country as it will not only stabilise the sweetener's prices but also help the industry cut its losses, said a top official of a sugar company.
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The CBEC has issued a circular regarding revised rates in the rebate of state levies (ROSL) on the export of garments. The circular dated 9th November No.51/2016-CUSTOMS, 2016 supersedes the earlier notification issued by the Central Govt on Nov 16, 2015.
The Lok Sabha Thursday passed the Finance Bill for 2010-11, with a special relief package for coffee growers, and tax concessions for healthcare, auto and realty sectors, but without any change in the levies on petroleum products.
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The Ministry of Finance has issued a notification 49/2016-Service Tax dt. Nov 09, 2016, withdrawing the exemption given to taxable online information and database access or retrieval services (OIDAR) to B2C and other providers located in a foreign territory
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The Government of India is considering levying duty on wheat imports in order to safeguard the farmers amid the predictions of a record production this year, the Agriculture Secretary Shobhana K Pattanayak said on Wednesday.
The Gujarat High Court Thursday ruled that municipal corporations and municipalities in the state could not levy annual permission fee and installation charges on mobile communication towers, as this violated their powers under the constitution and Municipalities Act.
Ahead of the unveiling of the new foreign direct investment (FDI) policy, industry lobby ASSOCHAM has urged the government to remove excise and local levies on exports and set an achievable shipment target for the next fiscal.
The Comptroller & Auditor General (CAG) on Friday slammed the Maharashtra government for losing nearly Rs.49.99 million (Rs.4.99 crore) in 2008 by not levying entertainment tax on the Indian Premier League (IPL) tourney.
In a bid to ease the burden of high fuel prices, Petroleum Minister Murli Deora has asked all states to reduce their levies on petrol and diesel, which at some places are as high as 33 percent.
India's telecom watchdog TRAI (Telecom Regulatory Authority of India) Tuesday suggested a one-time levy on unused radio spectrum with service providers based on the price derived from the auction for 3G frequency that could bring Rs.35,000 crore ($7.7 billion) of additional revenue for the government.
India may drag the United States to the World Trade Organization , or WTO, over its decision to raise professional visa fees for an extended period and impose a 2% import levy on goods and services sold to the US government, a senior official has said.