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How Modi government’s budgets have differed from UPA’s
The present NDA government has increasingly relied on cesses and surcharges to exceed its tax revenue targets. But the structure of spending has not changed much
3 min read25 Dec 2019Budget 2018: Standard deductions for salaried individuals
A poor budget for the salaried class: no change in income tax rates or slabs, marginal relief from standard deduction but a higher cess
3 min read2 Feb 2018Lok Sabha passes bill for GST cess hike on luxury cars to 25%
The funds collected following the GST cess hike on luxury cars will be used to compensate states for revenue loss after GST implementation, says FM Arun Jaitley in Parliament
2 min read28 Dec 2017Policy flip-flops risk harming ‘Make in India’ drive, say industry executives
GE says changes in diesel locomotives deal may risk future foreign investment while Audi, Mercedes says GST cess hike will hit sales and govt tax revenue
3 min read27 Sep 2017Ford Endeavour prices up by up to Rs1.8 lakh after GST cess hike
Ford Endevour prices have gone up in the range of Rs1.2 lakh to Rs1.8 lakh depending on the variant following hike in goods and services tax (GST) cess rates
1 min read25 Sep 2017Price shock to add to auto segment woes at Mahindra
Mahindra and Mahindra's share price has tumbled 12% since the GST cess hike on large cars and SUVs was announced as utility vehicles make up half of its line-up
1 min read20 Sep 2017Hyundai raises vehicle prices by up to Rs84,867 on GST cess hike
Hyundai hikes price of models such as Elite i20, Verna , Creta following a hike in goods and services tax (GST) cess rates
1 min read15 Sep 2017Car sales surge in August in anticipation of GST cess hike
Car sales in August grew 13.76%, mainly led by demand of UVs, as customers advanced purchases in anticipation of car prices going up due to GST cess hike
1 min read12 Sep 2017GST cess hike on cars may be passed on to buyers
Mahindra,Toyota, Audi, Mercedes-Benz and Jaguar Land Rover are likely to increase car prices as GST cess on mid-sized and large cars and SUVs has been hiked
3 min read10 Sep 2017GST Council meeting to review cess hike on large cars, tax on farm output
GST Council meeting in Hyderabad will will also review the functioning of the IT systems of the Goods and Services Tax Network (GSTN)
2 min read8 Sep 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared