The total revenue generated from education, Swachh Bharat, Krishi Kalyan and other cesses and surcharges in 2016-17 under direct tax was Rs46,939.17 crore.
1 min read28 Jul 2017A petitioner argued that while citizens pay the Swachh Bharat cess, political parties are not held responsible for littering in public spaces
1 min read12 Jul 2016Krishi Kalyan Cess takes the tally of taxes on restaurant bills to four
3 min read9 Jun 2016The new tax for rural infrastructure will be levied on all taxable services in addition to the Swachh Bharat cess of 0.5% and the existing service tax of 14%
1 min read2 Jun 2016There are a couple of cesses that are levied on the income tax to be paid by an income tax assessee
2 min read22 Mar 2016The DGCEI has registered a case against the online travel services provider for allegedly not depositing service tax it had collected from customers
2 min read18 Jan 2016The growing dependence on indirect taxes could undermine one of the main achievements of the tax reforms
3 min read19 Nov 2015The timing of the announcement and the possible thought process behind liberalising norms for FDI are debatable
4 min read20 Nov 2015With the imposition of the cess, service tax rate will go up from 14% to 14.5% on all taxable services
1 min read15 Nov 2015The lower-than anticipated growth in direct tax revenues is the fairest indication that household and business incomes are slowing
3 min read10 Nov 2015The 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