Daily Headlinez Top News Updates
NEW DELHI: Rajya Sabha MP Raghav Chadha has issued a strong rebuttal of the allegations made against him by his party colleagues and hit back with a warning, “kyonki mein ghayal hoon isliyey ghaatak hoon” (because I am injured, therefore I am dangerous), a famous dialogue used in Bollywood film film Dhurandhar.“I go to Parliament…
NEW DELHI: India’s GST collections rose 8.1% to Rs 1,83,609 crore, pointing to higher consumption post rate reduction.Domestic collections were estimated to have increased 5.3% to Rs 1,35,772 crore in Feb, based on transactions in Jan. The mop-up from imports was 17.2% higher at Rs 47,837 crore, according to latest official data. This was the…
File photo: Union finance minister Nirmala Sitharaman Mumbai: Finance minister Nirmala Sitharaman on Saturday said she would look into allegations of overreach by GST authorities after businessman TV Mohandas Pai raised concerns over the arrest of Fino Payments Bank MD & CEO Rishi Gupta in a Rs 3,000 crore GST evasion case.In a post on…
NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday rejected the criticism by states over cesses and surcharges, arguing that it was in line with the Constitutional provisions and the money collected through these levies was spent on schemes that benefited the states.While responding to the discussion on the Budget in the Lok Sabha, FM said…
Tax experts believe that while the new income tax regime reduces the tax outgo for many taxpayers, the multiple slabs add to confusion. (AI image) Budget 2026 income tax expectations: Taxpayers in India are looking at Finance Minister Nirmala Sitharaman’s speech for announcements related to simplification of income tax slabs, returns, compliance and more. India…
A sharp increase in taxes on cigarettes, along with a new excise duty structure on tobacco products, could trigger a surge in illicit trade and lead to significant revenue losses for the government, experts have warned.Earlier this week, the finance ministry notified amendments to the Central Excise Act, introducing a fresh excise duty ranging from…
AI image means for representation purposes only As 2025 comes to a close, India’s tax framework stands notably altered, shaped by a year-long sequence of reforms that extended well beyond routine income tax changes and into investments, compliance and digital assets.What unfolded over the year was not a single reform but a nuanced reset touching…
NEW DELHI: A GST penalty of Rs 458.3 crore has been imposed on IndiGo by the additional commissioner of CGST (Delhi south commissionerate) on Monday. In a regulatory filing on BSE Tuesday, IndiGo said: “…The company strongly believes that the order passed by the GST department is erroneous and not in accordance with law, backed…
India’s automobile industry is set to make a strong debut into 2026, after a record year, with industry volumes expected to rise by around 6–8%. This growth is attributed to policy support such as GST rationalisation, easier monetary conditions and income tax relief, which are expected to improve affordability and keep consumption resilient across vehicle…
GST collections: The Gross Goods and Services Tax (GST) collections for the month of November came in at over Rs 1.70 lakh crore. This is a rise of 0.7%, according to official data.SBI Research in a report in November had estimated that the gross domestic GST collections may come around Rs 1.49 lakh crore for…
