E-PaperCess On Demerit Goods News
Market
Why the cap on cess puffed up ITC shares
GST Council wants the tax incidence and price of cigarettes to stay at current levels, hence the jump in ITC shares despite the news of cess on demerit goods
2 min read20 Mar 2017Politics
Revenue department to calculate GST impact on inflation
Finance ministry's revenue department wants to calculate GST impact on inflation to minimise price rise once the indirect tax is rolled out
1 min read17 Mar 2017Politics
GST council clears last two bills, caps cess on demerit goods
GST council has cleared the state and union territory GST bills and capped cess on luxury cars (15%), aerated drinks (15%) and cigarettes (290%)
3 min read17 Mar 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
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