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Govt confident of surpassing FY25 direct tax collection target: CBDT chief

Govt confident of surpassing FY25 direct tax collection target: CBDT chief

CBDT chairman Ravi Agarwal expressed confidence in exceeding the Rs 22.07 lakh crore direct tax collection target for FY25, citing strong growth in corporate and non-corporate tax revenues. He also urged taxpayers to disclose foreign assets before the December deadline

18 November,2024 02:43 PM IST | New Delhi
SpiceJet clears staff payments of Rs 310 crore

SpiceJet clears staff payments of Rs 310 crore

Also clears TDS, PF contributions and GST liabilities

01 November,2024 09:50 AM IST | Mumbai | Prasun Choudhari
Softy ice cream not classified as milk product; 18% tax imposed by GST authority

Softy ice cream not classified as milk product; 18% tax imposed by GST authority

In a recent ruling, the GST authority has classified softy ice cream as a non-milk product, imposing an 18% GST. The decision follows an application from VRB Consumer Products, which sought a lower tax rate for its Vanilla Mix, arguing it contained natural milk components. However, the ruling highlighted that sugar is the primary ingredient.

22 October,2024 04:06 PM IST | New Delhi | Anisha Shrivastava
SpiceJet clears 10 months of employee PF dues

SpiceJet clears 10 months of employee PF dues

Airline raised Rs 3,000 crore, enabling the clearance of long standing arrears

07 October,2024 08:04 AM IST | Mumbai | Prasun Choudhari
PM Modi's monopoly model has taken away jobs, devastated MSMEs: Rahul

PM Modi's monopoly model has taken away jobs, devastated MSMEs: Rahul

"'Modi ji's monopoly model' has taken away jobs, devastated MSMEs and deprived people of opportunity," the former Congress chief said.

28 September,2024 09:25 AM IST | New Delhi | PTI
Mumbai: Rs 29.58 crore GST racket busted, 3 men arrested

Mumbai: Rs 29.58 crore GST racket busted, 3 men arrested

The firms benefiting from the illegality reduced their tax on output on the grounds that tax has already been paid during the input process

14 September,2024 07:46 AM IST | Mumbai | Faizan Khan
Mumbai: Menace of interstate buses inside city could soon become thing of past

Mumbai: Menace of interstate buses inside city could soon become thing of past

These services will terminate at proposed transport hub in Dahisar for which BMC has floated Rs 1,481-crore tender

13 September,2024 07:20 AM IST | Mumbai | Sameer Surve
Mumbai: Former Bandra fair stallholders threaten to go on hunger strike

Mumbai: Former Bandra fair stallholders threaten to go on hunger strike

Agitators sit in protest as Mumbai church announces numbers of lottery winners, decry system introduced last year

27 August,2024 06:57 AM IST | Mumbai | Prajakta Kasale
Infosys responds to GST notice, affirms compliance with regulations

Infosys responds to GST notice, affirms compliance with regulations

Infosys said in a stock market filing that it believes the present regulations do not apply to these charges in terms of GST.

01 August,2024 06:06 AM IST | Mumbai | mid-day online correspondent
Infosys receives GST pre-show cause notice for tax evasion of Rs 32,403 cr

Infosys receives GST pre-show cause notice for tax evasion of Rs 32,403 cr

Infosys has paid all its GST dues and is fully in compliance with the central and state regulations on this matter, the company contended

31 July,2024 09:11 PM IST | New Delhi | PTI

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