Category: Uncategorized

The indirect tax department has settled the issue of double taxation under the Goods and Services Tax (GST) on imported goods kept in bonded warehouses and later cleared from there, which is a common trade practice in the country.  An earlier circular raised an issue of imposition of the Integrated GST (IGST) twice on such […]

The registrar of companies is in the middle of issuing notices to these entities, and if they fail to file returns over the next few months, they may get deregistered.

The Sensex and Nifty closed lower today dragged by energy stocks such as Hindustan Petroleum Corp and Oil and Natural Gas Corp Ltd (ONGC) on rising concern that the government may ask state-owned oil firms to share the burden of higher petrol and diesel prices. The broader NSE Nifty closed 1.01 percent or 106 points […]

The union road transport ministry has suggested that road tax across the country should be charged at the highest of 12 per cent. The new road tax rates were proposed under the concept of ‘One Nation-One Tax’. The ministry has proposed three tax brackets related to the price of the vehicle, a report by the […]