[ad_1] Through Express news service PUDUCHERRY: Puducherry opposed any plans to initiate talks aimed at taxing diesel, gasoline and petroleum products under the Goods and Services Tax (GST). At the GST council meeting, Pondicherry, represented by Minister PWD, K Lakshminarayanan, said states derive considerable revenue from gasoline VAT and GST.Read More →

[ad_1] Confidence between government and industry has strengthened following the removal of the retrospective tax regime, Defense Minister Rajnath Singh said on Wednesday. In a virtual address to the Indo-American Economic Summit hosted by a leading industrial chamber, Singh listed a series of measures initiated by the NDA government toRead More →

[ad_1] New Delhi, September 8 (IANS): From cautiousness to optimism, India Inc’s business sentiment is approaching pre-pandemic levels, pointing to more robust performance in the next quarter, a Grant Thornton Bharat survey said on Wednesday. The government’s decision to make taxation transparent was seen as its most impactful initiative (40%),Read More →

[ad_1] Separate accounts will be maintained within the provident funds, including the employee provident fund (EPF), where interest is taxable above a threshold from the current financial year. The 2021-2022 budget announced an income tax on interest accrued on annual provident contributions exceeding Rs 2,50,000 for non-government employees and RsRead More →