Policymakers don’t have fetish to raise rates: Revenue secy Tarun Bajaj

Revenue Secretary Tarun Bajaj said on Monday that the rate rationalisation exercise of the GST Council is a result of introspection of GST, and policymakers do not have a “fetish” to raise the tax rates to the revenue-neutral level of 15.5 per cent. He said the government intends to continue with … Read more

India to drop windfall tax if oil prices fall $40 a barrel: Revenue Secy

India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels, Revenue Secretary Tarun Bajaj told Reuters on Monday. The tax on firms that have increased product exports to gain … Read more

‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 crushed tech stocks that are still posting white-hot revenue growth

‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 crushed tech stocks that are still posting white-hot revenue growth The market doesn’t seem able to find a bottom. The S&P 500 has fallen about 20% year to date, while the tech-centric Nasdaq is down 30% over the same time … Read more

GST tweak on food items to plug revenue leakages, says CBIC chief

The Goods and Services Tax (GST) Council’s decision to bring unbranded packaged consumer items within the GST net is meant to plug revenue leakages and reduce disputes, Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri has said. Packaged consumer items such as curd, paneer, lassi, and … Read more

GST: Tech use to plug revenue leaks, Rs 1.3 trn monthly tax ‘new normal’

India’s biggest tax reform, the Goods and Services Tax (GST), completes its half-a-decade journey on June 30, with many hits and some misses, and also brought about a paradigm shift in use of technology to bring about tax compliance and making over Rs 1 lakh crore revenue collection every month ‘a … Read more