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Tax
Business  /  Published 18.09.21

Tax on food delivery firms

The GST Council on Friday decided to tax online food delivery operators such as Swiggy and Zomato on behalf of restaurants from January next year even as it extended concessional tax rates on certain ...
By Our Special Correspondent in New Delhi

Business  /  Published 18.09.21

Cess tenure rift widens

The compensation cess under the goods and services tax regime will be collected till March 2026 but the proceeds garnered after June 2022 will not go to the states. Finance minister Nirmala Sitharama...
By R. Suryamurthy in New Delhi

Business  /  Published 17.09.21

GST council extends relief on Covid-19 drugs

The all-powerful GST Council on Friday decided to charge food delivery platforms such as Swiggy and Zomato a tax even as it extended concessional tax rates on certain COVID-19 drugs by three months ti...
By Our Bureau, PTI in Calcutta, Lucknow

India  /  Published 17.09.21

Newslaundry: HC glare on tax dept

The Delhi High Court Friday sought Income Tax Department's stand on a plea by online news portal Newslaundry and its co-founder Abhinandan Sekhri to restrain any leakage of the material seized dur...
By Our Bureau, PTI in New Delhi

Business  /  Published 16.09.21

Covid: extension of sops on 11 drugs likely

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items and extend till December 31, tax concessions...
By Our Bureau, PTI in New Delhi

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Business  /  Published 16.09.21

Tax portal glitches remain

The new income tax portal continues to be bedevilled by glitches as assessees complained of problems in e-verification and digital signatures. One time passwords are not reaching taxpayers for the e-v...
By Our Bureau in Calcutta

Business  /  Published 15.09.21

GST blow for food apps

The all-powerful GST Council is likely to discuss on Friday a proposal to treat food delivery apps such as Zomato and Swiggy as restaurants and levy 5 per cent GST on supplies made by them, an officia...
By Our Bureau, PTI in New Delhi

India  /  Published 15.09.21

IT raid at premises linked to Sonu Sood

Income Tax Department officials descended on the premises linked to actor Sonu Sood in Mumbai and some other places on Wednesday in connection with an alleged tax evasion probe, official sources. The...
By Our Bureau, PTI in Mumbai

Business  /  Published 15.09.21

Cairn, Air India seek stay on NY lawsuit

Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm's US lawsuit targeting the airline for enforcement of a USD 1.2-billion arbit...
By Our Bureau, PTI in New Delhi

Business  /  Published 14.09.21

GST cess may be extended

The GST Council will hold its first physical meeting on Friday since the outbreak of the pandemic. Finance minister Nirmala Sitharaman will chair the 45th meeting in Lucknow.  The last meeting o...
By Our Bureau in Calcutta


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