Don't abandon Dirext Taxes Code: Parl panel to Govt

Last Updated: Friday, April 24, 2015, 19:18

Asking the government not to abandon the Direct Taxes Code (DTC), a Parliamentary panel on Friday said this new law needs to be enacted to replace the existing Income Tax Act, which it said was "very cumbersome" and prone to avoidable litigation.

States oppose inclusion of petro products, liquor in GST

Last Updated: Monday, October 21, 2013, 17:12

Several states on Monday opposed inclusion of petroleum products and liquor in the proposed Goods and Services Tax (GST) regime as the move would severely affect their revenues.

Standing Committee to submit report on GST next month

Last Updated: Friday, June 8, 2012, 19:02

Decks will soon be cleared for implementation of Goods and Services Tax (GST) with the Standing Committee on Finance on Friday deciding to finalise its report on constitution amendment bill for the big ticket taxation reform before the Monsoon Session beginning July.

Centre yet to address states' concerns over GST: Modi

Last Updated: Saturday, June 2, 2012, 19:26

The Centre is yet to address the concerns of states on the proposed Goods and Services Tax (GST) regime, particularly those related to fiscal autonomy, Chairman of the Empowered Committee of State Finance Ministers Sushilkumar Modi said on Saturday.

Revised concept paper on negative list of service tax soon

Last Updated: Wednesday, November 16, 2011, 17:30

The government will come out in few days with revised concept paper on 'negative list' for service tax -- meaning services which are not mentioned in the list would be taxed under the proposed GST regime.