New Delhi: The Gujarat High Court has rejected the revenue department’s contention that sugar exports under quota were under restricted category and not eligible for benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme. The high court order comes as a relief to sugar exporters. Revenue authorities had denied benefits under … Read more
In spite of the Centre collecting a whopping 74 per cent more direct taxes so far this fiscal on an annualised basis at Rs 5.70 lakh crore, it has also borrowed a massive 58 per cent of the budgeted amount during the same period by selling Rs 7.02 lakh crore worth of debt securities in … Read more
NEW DELHI: Transactions under the goods and services tax show that the economy is on a continued path of recovery even after a resurgence of Covid-19 forcing reimposition of movement restrictions and lockdowns in major parts of the country, finance secretary Ajay Bhushan Pandey has said. That and improved compliance aided GST collections to touch … Read more