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Union Budget 2016-17: How The Common Man Is Impacted?
The Union Budget 2016-17 has been announced with an emphasis on the rural and agricultural sector. Here are things that have got costlier and cheaper. We have added things that will affect the common man, after the implementation of the ...
What is Service Tax in India?
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 ...
What Is Service Tax India
Indirect tax collection rises 5.3% in Apr-Oct
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 ...
What is Value Added Tax (VAT)?
 is a tax levied on the purchase price of goods. The levy of value added tax, an indirect tax which is a kind of compensation tax, was introduced to offset the cascading effect of sales tax that heavily burdened the end-consumer ...
What Is Value Added Tax Vat
What is Securities Transaction Tax or STT?
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 ...
What Is Securities Transaction Tax Stt
CBEC Clarifies on Levy of Excise Duty on Jewellery
Press reports after the presentation of the budget on 16.03.2012 indicate that the full import of the provisions contained in the legislation related to the levy of excise duty of 1% on precious metal jewellery are not clear to the trade. In ...
Gold jewellers shut shop on custom duty and excise hike
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, ...
Gold Jewellers Shut Shop On Custom Duty Excise Hike
Union Budget 2012 and impact on the common man
The Union Budget 2012-13 will leave individuals, especially the middle class poorer. Though the Finance Minister has raised the tax exemption limit to an income of Rs 2 lakhs, the manner in which he has raised excise and service tax nullifies ...
Prices of consumer electronics to go up
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 ...
Prices Consumer Electronics Go Up
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