Excise News

Union Finance Minister Shri Arun Jaitley proposed several changes in rates. Here is a look at new charges on different things. 1. Additional tax at the rate of 10% of gross amount of dividend will be payable by the recipients receiving ...

Confused about your restaurant bill? It may so happen that, you calculate and order the food and when the bill arrives the amount will be much higher than what you have calculated. Most of the individuals love to visit restaurants for ...

These days it's almost impossible to escape service tax and they have been extended to almost every type of service, whether it in a restaurant or paying your telephone bill or advertisements in the media. Earlier, the restriction to service tax ...

New Delhi: Collection of indirect taxes, excise, customs and service tax stood at about Rs 2,69,100 crore during the first seven months of 2013-14 fiscal, up 5.3 percent from the same period last fiscal year. Excise collection during the April-October ...

Securities Transaction Tax (STT) is a tax applied on purchase and sale of equity, derivatives and mutual funds. Say for example: If you purchase shares of the XYZ company , the STT will be included along with the purchase price which ...

Gold Jewellers across India downed shutters even today, making it three days in a row, since the Budget day, which imposed a hike in customs and excise duty across gold and jewellery. A meeting is to be held later today, ...

Refrigerators, airconditioners, microwave owens and other consumer durables and electronic products are slated to become costlier as excise duty increase sets in. The excise duty hike of 2% in the Union Budget 2012-13 means that these products are likely to become ...