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Indirect Tax

Net direct tax kitty grows 16% to Rs 16.90 lakh crore till January 12: Income Tax Department

Net direct tax kitty grows 16% to Rs 16.90 lakh crore till January 12: Income Tax Department

Tue, Jan 14, 2025

Securities Transaction Tax (STT) collection, which is also a component of direct tax, surged by as much as 75 per cent to Rs 44,500 crore during this period compared to Rs 25,415 crore in the corresponding period of the previous year.

GST Council set to meet on September 9; here is what you can expect

GST Council set to meet on September 9; here is what you can expect

Mon, Aug 12, 2024

On June 22, Finance Minister Nirmala Sitharaman said that the next meeting of the GST Council would take place in mid to late August.

Customs Violation Cases: Power to attach bank accounts should be exercised after examining facts carefully, CBIC tells field offices

Customs Violation Cases: Power to attach bank accounts should be exercised after examining facts carefully, CBIC tells field offices

Mon, Jul 29, 2024

Under the Customs Act, Principal Commissioner or Commissioner of Customs can order in writing about the attachment of bank accounts for up to six months in cases where it is in the interest of revenue or for preventing smuggling. Such attachments can be extended by another six months.

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Understand from Anil Singhvi in 1 minute what is Indirect Tax?

Understand from Anil Singhvi in 1 minute what is Indirect Tax?

Tue, Jul 09, 2024

What is indirect tax? Understand from Anil Singhvi in 1 minute what is Indirect Tax?

Union Budget 2023: CBDT and CBIC chairman on Income Tax Slabs and GST collection

Union Budget 2023: CBDT and CBIC chairman on Income Tax Slabs and GST collection

Thu, Feb 02, 2023

Nitin Gupta, Chairperson, CBDT and Vivek Johri Chairman, CBIC talks about the changes in the tax slabs, how the restructuring of tax regimes can benefit the masses, and the impact of inflation on GST collection.

Budget 2023: What is Direct Tax and Indirect Tax? Explained

Budget 2023: What is Direct Tax and Indirect Tax? Explained

Thu, Jan 19, 2023

Budget 2023: There are multiple terminologies that are used in the Budget. But commoners are unable to relate to those words. Tax is the most talked about the topic ahead of the budget as people expect some announcements.

Market Experts Top Picks Before Budget 2022

Market Experts Top Picks Before Budget 2022

Tue, Jan 25, 2022

Stock market experts and Zee Business research team have come up with 5 stocks that you can buy before Union Budget 2022. In this video, we talk about why market experts are bullish on these picks and more.

Budget 2022 Expectations: Centre expected to lower deficit target for FY23

Budget 2022 Expectations: Centre expected to lower deficit target for FY23

Wed, Jan 19, 2022

Robust direct and indirect tax collections are expected to give enough headroom to the Centre to lower the fiscal deficit target for FY23.

Why Market Experts Are Bullish On These Stocks

Why Market Experts Are Bullish On These Stocks

Mon, Jan 17, 2022

Share market experts and Zee Business research team together bring you these stocks to buy before Union Budget 2022. Market experts have recommended these stocks with targets and stop loss. Here's why experts are bullish on these stocks.

Two days before Budget 2020, indirect taxes body gets new chief

Two days before Budget 2020, indirect taxes body gets new chief

Fri, Jan 31, 2020

An order issued by the Ministry of Personnel, Public Grievances and Pensions said, "The Appointments Committee of the Cabinet (ACC) has approved the appointment of M. Ajit Kumar, IRS (C&CE 84), as Chairman, Central Board of Indirect Taxes and Customs (CBIC)." Kumar is presently a member of CBIC.

Budget in A Minute: What is an indirect tax? How is it different from a Direct tax? Zee Business Managing Editor Anil Singhvi explains!

Budget in A Minute: What is an indirect tax? How is it different from a Direct tax? Zee Business Managing Editor Anil Singhvi explains!

Tue, Jan 21, 2020

Indirect tax is the tax that is levied on the goods that you buy or the services that you take. It is different from the Direct tax in a way that it has no bearing on the income that you make

Budget In A Minute: Anil Singhvi explains what is 'Union Budget'

Budget In A Minute: Anil Singhvi explains what is 'Union Budget'

Mon, Jan 28, 2019

In this special segment of Zee Business, Anil Singhvi talks about 'Union Budget'. Watch the video to know more.

Budget In A Minute: Anil Singhvi explains what is 'Fiscal Deficit'

Budget In A Minute: Anil Singhvi explains what is 'Fiscal Deficit'

Mon, Jan 28, 2019

In this special segment of Zee Business, Anil Singhvi talks about 'Fiscal Deficit'. Watch the video to know more.

Budget In A Minute: Anil Singhvi explains what is 'Direct Tax'

Budget In A Minute: Anil Singhvi explains what is 'Direct Tax'

Mon, Jan 28, 2019

In this special segment of Zee Business, Anil Singhvi talks about ''Direct Tax''. Watch the video to know more.

Budget In A Minute: Anil Singhvi explains what is 'Indirect Tax'

Budget In A Minute: Anil Singhvi explains what is 'Indirect Tax'

Mon, Jan 28, 2019

In this special segment of Zee Business, Anil Singhvi talks about ''Indirect Tax''. Watch the video to know more.

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.

Budget 2018: A case study on GST collections

Budget 2018: A case study on GST collections

Sun, Jan 28, 2018

If the GST collection rates continue to drop, the government might be prompted to announce additional government borrowing of a similar amount

GST anti-evasion: Cess likely on pan masala at manufacturing stage

GST anti-evasion: Cess likely on pan masala at manufacturing stage

Sun, Jan 21, 2018

The Council will look at levying the cess at the manufacturing stage based on production capacity as against the current practice of imposing it on supplies made by the manufacturer

Tax authorities to tighten the screw on traders to increase GST collections

Tax authorities to tighten the screw on traders to increase GST collections

Mon, Dec 11, 2017

The official also hinted in the report that small taxpayers with annual turnover of upto Rs 1.5 crore and controlled by state tax authorities were suspected to be dodging tax payment.

Difference between Tax Planning, Tax Avoidance & Tax Evasion!

Difference between Tax Planning, Tax Avoidance & Tax Evasion!

Tue, Sep 19, 2017

Tax planning is an art to reduce your tax outgo by making sure that all the applicable provisions of our income tax act as designed to reduce your tax liability has been availed of.

GST seen to give consumers' buying power a shot in the arm

GST seen to give consumers' buying power a shot in the arm

Sat, Jul 01, 2017

The Goods and Services Tax launch will enhance buying power of consumers as over 80 % of the goods fall below the 18 % tax bracket, but SMEs need to work to remove technology glitches, say experts.

FinMin seeks public comments on GST rules

FinMin seeks public comments on GST rules

Mon, Apr 03, 2017

The government has sought comments from industry on the 4 set of new rules on -- GST Composition, GST Valuation, GST Transition and GST ITC.

Land leasing, renting to attract GST from July 1

Land leasing, renting to attract GST from July 1

Tue, Mar 28, 2017

Sale of land and buildings will be however out of the purview of GST, the new indirect tax regime. Such transactions will continue to attract the stamp duty, according to the legislations Finance Minister Arun Jaitley introduced in the Lok Sabha yesterday for approval.

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