Tax
- Telangana
Telangana imposes up to Rs 5,000 road safety cess on new bikes, cars
Hyderabad: The Telangana government will be imposing a one-time road safety cess on vehicles that will be registered in the state from March 1, with the Telangana Motor Vehicles Taxation (Amendment) Act,…
- India
India-EU FTA keeps carbon tax; technical talks to tackle concerns, says German official
New Delhi: The European Union’s Carbon Border Adjustment Mechanism (CBAM) will not see any exceptions despite the concluded India-EU Free Trade Agreement (FTA), but both sides have committed to technical discussions to…
- Technology
Budget: Tax holiday till 2047 for foreign cloud firms using data centers in India
New Delhi: Finance Minister Nirmala Sitharaman on Sunday, February 1, proposed tax holiday till 2047 for foreign companies that provide cloud services to customers worldwide by using data centres in the country.…
- Business
Market participants seek equity tax relief ahead of Budget
New Delhi: Market participants have urged the government to ease capital market taxation, including a higher exemption limit on long-term capital gains, ahead of the Union Budget for 2026-27. They also suggested…
- Business
Experts warn tobacco tax hike may boost smuggling, hit revenue
New Delhi: An unprecedented tax hike, coupled with a new excise duty structure on tobacco, could lead to a surge in illicit trade of cigarettes and result in significant tax revenue losses…
- Middle East
Saudi Arabia to roll out four-tier sugar tax on drinks from Jan 1
Riyadh: Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has approved amendments to the executive regulations of the excise tax, introducing a sugar-content-based levy on sweetened beverages from January 1, 2026. The…
- India
No GST return filing allowed for dues pending over 3 yrs: GSTN
New Delhi: Businesses will not be able to file GST returns which are due for three years or more beginning the November tax period, GST Network (GSTN) has said. In an advisory,…
- Middle East
UAE set to apply new sugar drink excise tax from January 2026
Abu Dhabi: The United Arab Emirates (UAE) will introduce a new tiered excise tax on sugar-sweetened beverages from January 1, 2026, following the completion of legislative amendments by the Ministry of Finance.…
- India
Jains contribute 24 pc of tax revenues: Rajnath Singh
Hyderabad: Defence Minister Rajnath Singh on Friday said that although the Jain community constitutes just 0.5 per cent of India’s total population, their tax contributions account for 24 per cent of total…
- India
Patanjali foods lowers MRPs on Food, Non-Food products post GST cut
New Delhi: Patanjali Foods Ltd has reduced retail prices (MRP) of various products, including Nutrela soya chunks, with effect from Monday, passing on the benefits of GST reduction to consumers. In a…
- Business
Sitharaman to attend GoM meeting on Aug 20, explain next-gen GST reforms
New Delhi: Finance Minister Nirmala Sitharaman will attend a crucial meeting of a state ministerial panel on August 20 to put forth the Centre’s proposal for sweeping GST reforms that will slash…
- News
‘Next Gen GST’ precursor to eventual single tax slab GST: Sources
New Delhi: Describing the proposed GST tax reforms as ‘Next Gen GST’, senior government officials on Saturday said that the two-slab tax regime will eventually pave the way for a single sales/services…
- Business
New I-T Bill: No ITR filing exemptions for small taxpayers
New Delhi: The new Income Tax Bill, 2025, passed by the Lok Sabha, clarifies that late-return filers are eligible for refunds on excess taxes deducted in a financial year. Analysts said on…
- India
Govt makes tax compliance easier for content creators, influencers
New Delhi: This tax season marks a significant change in the filing of returns for social media content creators and influencers, with their income now being classified under a specific category. The…
- Middle East
UAE to roll out sugar-based tax on sweetened drinks
Abu Dhabi: The United Arab Emirates (UAE) will implement a new sugar-content-based excise tax on sweetened beverages starting January 2026, the Ministry of Finance and the Federal Tax Authority (FTA) announced on…
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