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Excise Duty

Indirect tax mop-up in FY'19 may fall short by Rs 90,000 cr: Report

Indirect tax mop-up in FY'19 may fall short by Rs 90,000 cr: Report

Fri, Nov 23, 2018

Total GST collections come at Rs 6.78 lakh crore as compared with the 2018-19 Budget Estimate of Rs 7.44 lakh crore, including SGST and IGST. "If we exclude SGST and proceeds of IGST contributed to states, the GST collection of the Centre comes to Rs 3.46 lakh crore (47 per cent of BE)," the report said.

Happy with Rs 2.50 cut in petrol, diesel prices? Guess what! Fuel rates can be slashed by another Rs 4.60, Rs 3.30; Here's how

Happy with Rs 2.50 cut in petrol, diesel prices? Guess what! Fuel rates can be slashed by another Rs 4.60, Rs 3.30; Here's how

Thu, Oct 04, 2018

Today Finance Minister Arun Jaitley announced a cut in excise duty by Rs 1.50 while OMCs were expected to absorb another Re 1. Therefore, a total of Rs 2.50 will be cut in both petrol and diesel prices.

Second excise duty cut under Modi reign; consumers rejoice as petrol, diesel prices cut, but this is how much govt will lose

Second excise duty cut under Modi reign; consumers rejoice as petrol, diesel prices cut, but this is how much govt will lose

Thu, Oct 04, 2018

Modi government announced a cut in excise duty by Rs 1.50 and OMCs will absorb another Re 1, therefore, a total of Rs 2.50 will be cut in both petrol and duty prices

TRENDING NOW

GST: Clarification likely on Centre's power to levy excise

GST: Clarification likely on Centre's power to levy excise

Mon, Sep 19, 2016

The revenue department is likely to issue clarification on legality of levying excise duty by the Centre on various commodities till implementation of goods and services tax (GST) from April 1, 2017.

India's tax collections for the current year shoot up smartly

India's tax collections for the current year shoot up smartly

Wed, Aug 10, 2016

Direct tax collections, or corporate and income tax rose by over 24%, at Rs 1.59 lakh crore upto July 2016. "Till July, 2016, 18.82%of the Budget Estimates of direct taxes for FY 2016-17 has been achieved," the statement said.

Govt is confident to roll out GST from April 1, 2017 : Hasmukh Adhia

Govt is confident to roll out GST from April 1, 2017 : Hasmukh Adhia

Sun, Aug 07, 2016

The government is confident of rolling out the GST regime from April 1 next year but the deadline may be difficult to meet if resolution of issues like the rate of tax and items to be exempted take longer, Revenue Secretary Hasmukh Adhia said on Sunday.

GST Bill: All you need to know

GST Bill: All you need to know

Wed, Aug 03, 2016

The Ministry of Finance on Wednesday released a document, which provides information that you need to know about the Goods and Services Tax (GST) Bill. The GST Bill is currently underway for discussion in the Rajya Sabha (Upper House of Indian Parliament) as of 03:30 pm IST.

Govt may not cut excise duty on petrol, diesel in near-term

Govt may not cut excise duty on petrol, diesel in near-term

Sun, Jul 03, 2016

Government may not cut excise duty on petrol and diesel in the near-term if it accepts the suggestions made in the approach paper submitted by Chief Economic Adviser for maintaining status quo when oil prices can climb by another $15 a barrel.

Govt extends time for jewellers to obtain excise registration by a month

Govt extends time for jewellers to obtain excise registration by a month

Sat, Jul 02, 2016

The statement said the liability for payment of central excise duty will be with effect from March 1, 2016.

Aviation Ministry presents Draft Regional Connectivity Scheme; all you need to know about it

Aviation Ministry presents Draft Regional Connectivity Scheme; all you need to know about it

Sat, Jul 02, 2016

The airline operators will exempt the RCS flights from landing charges, parking charges, and terminal navigation landing charges.

Arun Jaitley dismisses withdrawal of 1% excise duty on gold

Arun Jaitley dismisses withdrawal of 1% excise duty on gold

Thu, May 05, 2016

The Finance Minister in Lok Sabha dismissed the withdrawal of excise duty on gold.

Govt asks jewellers to settle March-May excise dues with June payment

Govt asks jewellers to settle March-May excise dues with June payment

Sun, Apr 24, 2016

The Central Board of Excise and Customs (CBEC) has also extended the time limit for taking central excise registration of an establishment by a jeweller up to July 1, 2016.

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