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Tag: Taxes

Taxes on Petrol Diesel
Taxes On Petrol, Diesel May Go Up Further To Mobilise Additional Revenue For Covid Relief

New Delhi: The economic crisis triggered by the Covid-19 pandemic and subsequent pressure on revenues may again push the Centre to raise excise duty on petrol and diesel. Sources indicated that another Rs 3-6 per litre increase in excise duty on petrol and diesel may come soon if the government felt the need to mobilise […]

Odisha Trader Lodges 'Fake Loot' Complaint To Evade Taxes 

Jharsuguda: In order to evade taxes, people resort to various illegal methods little aware of the age old proverb that ‘nothing is certain but death & taxes.’ In one such incident, a trader in Sarbahal area of Jharsuguda, has put himself in trouble by lodging a fake complaint of cash robbery to evade taxes. As […]

Govt exempts rupee payments for Iran oil from taxes

New Delhi: The government has exempted rupee payments made to Iran’s national oil company NIOC towards the purchase of crude oil from payment of any tax, according to a Gazette notification. The finance ministry in a December 28, 2018 Gazette notification said the National Iranian Oil Company (NIOC) will not have to pay any withholding […]

IOCL Paradip Refinery VAT row: HC puts Odisha Govt’s notice in abeyance

Cuttack: In a major setback to Odisha government, the Orissa High Court has ordered to keep in abeyance the demand notice that it had issued to Indian Oil Corporation Ltd (IOCL) to recover pending taxes to the tune of Rs 1,485 cr. As per the order, no action can be taken on the matter till […]

Swipe machines for tax collection in Sambalpur

Sambalpur: In a bid to promote cashless transactions, Sambalpur Municipal Corporation (SMC) is all set to use swipe machines for collection of taxes shortly. Deputy Commissioner of the SMC, Sudhansu Bhoi said, “We have already asked the HDFC bank to provide us two swipe machines. While one swipe machine will be installed at the office of […]