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Indirect Taxes News


No Proposal To Reduce Taxes On Petrol, Diesel: Sitharaman
On Monday, Finance Minister Nirmala Sitharaman informed the Lok Sabha that there is no proposal to reduce taxes on petrol and diesel. She added that nowhere in the world do the prices of petrol and diesel remain steady for a particular ...
Indirect Taxes Collections Exceeds Revised Estimates
Indirect Taxes Collections for the Financial Year (FY) 2014-15 exceeded the revised estimates target by Rs. 4,000 Crore. Total Collections as on 31.03.2015 Is Rs.5,46,479 Crore (Based on Provisional Report) as against the target of Rs.5,42 ,325 Crore for 2014-15. ...
Achieving indirect tax target a challenge: Govt
New Delhi: The Finance Ministry on Sunday said achieving the Rs 6.24 lakh crore indirect tax collection target is a "challenge" as the tax buoyancy would depend upon revival of the economy and manufacturing sector. "In indirect taxes, the targets ...
What are the types of taxes in the Indian Financial System?
Taxes represent the amount of money we pay to the Government at predefined rates and periodicity. Taxes are the basic source of revenue to the Government using which it provides various kinds of services to the tax payers. There are mainly ...
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