TAG: cess
Mineral royalty revenue jumps 32% for states during FY17 to FY22
The Supreme Court, on July 26, granted states the power to levy taxes on mineral rights, contending that royalty is a contractual consideration, opening the doors for the states to earn more revenues from mining operations.A Moneycontrol analysis of data...
2 months ago
Evasion of duties and cess will now attract up to 100% penalty plus interest
The Finance Bill, 2024, has introduced significant changes to the indirect taxation landscape, enabling tax authorities to impose penalties of up to 100 percent of the demand raised along with interest in cases of evasion of various duties and cesses. Th...
2 months ago
GST Council likely to discuss cess, status of rate rationalisation on September 9: FM Sitharaman
The upcoming GST Council meeting on September 9 is expected to focus on two crucial issues - the status of rate rationalisation and the future of the compensation cess, Union finance minister Nirmala Sitharaman said.“In the September 9 meeting, the office...
1 month ago