Tag: Tax Rates

GST relief for SMEs, exporters; tax rates on 27 items cut

New Delhi: Three months after the rollout of the new indirect tax regime, the GST Council today made sweeping changes to give relief to small and medium businesses on filing and payment of taxes, eased rules for exporters and cut tax rates on more than two dozen items. Businesses with annual turnover of up to […]

  • Tuesday, 29 June 2021
In A First, Finance Minister Seeks Response Of Industry On Tax Rates

New Delhi: In line with Finance Minister Nirmala Sithraman’s policy of discussion with stakeholders on policy matters, in a first the Finance Ministry has started the next budget planning by inviting suggestions on changes in direct and indirect taxes, including their rates, from industry and trade associations. Sitharaman, who had earlier announced additional measures to […]

  • Friday, 23 April 2021
Pensioners, Job Starters, Entrepreneurs To Gain More From IT Rate Cut

New Delhi: Opting for the new tax rates proposed in the budget could be beneficial for job-starters, pensioners, entrepreneurs and those taxpayers unable to claim available deductions and exemptions under the current tax structure, government sources said. Finance Ministry sources said that there are significant numbers of people, who for various reasons, are not able […]

  • Tuesday, 20 April 2021
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