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GST rules on post-sale discounts, export refunds to change from 1 November

NEW DELHI, Oct. 27 -- Changes to India's goods and services tax (GST) rules governing post-sale discounts, export refunds and tax procedures will take effect on 1 November, easing documentation requir... Read More


BIS ramps up food audits to check adulteration ahead of peak festival season

NEW DELHI, Oct. 27 -- The Bureau of Indian Standards (BIS) under the Department of Consumer Affairs has stepped up audits of food manufacturing units across the country ahead of the peak festive seaso... Read More


Mint Explainer: Who qualifies for the Centre's Diwali bonus, and how much will they get?

New Delhi, Oct. 27 -- As Diwali approaches, eligible central government employees are awaiting their productivity-linked bonus payments. The Centre has approved a 30-day ad-hoc bonus for the financial... Read More


Income Tax department nudges taxpayers to disclose overseas properties

NEW DELHI, Oct. 26 -- The Income Tax Department has nudged select taxpayers who invested in residential and commercial properties in the United Arab Emirates (UAE) to disclose their overseas assets un... Read More


Explainer: Why is the CCPA penalising restaurant chains over service charges?

New Delhi, Oct. 26 -- The Central Consumer Protection Authority (CCPA) has fined Shangri-La Eros, a luxury hotel in New Delhi, Rs.1 lakh for automatically adding a 10% service charge to bills at its M... Read More


Centre to review pay, pension records four years before retirement

New Delhi, Oct. 16 -- In a move aimed at addressing a long-standing policy gap, the Department of Expenditure under the finance ministry has directed all ministries and departments to conduct a compre... Read More


Net direct tax mop-up rises 13.2% to Rs.13.38 L cr

New Delhi, Oct. 16 -- India's net direct tax collections rose 13.2% year-on-year to Rs.13.38 lakh crore so far this fiscal as of 14 October, provisional data from the income tax department released on... Read More


Mint Explainer: What do the GST Council's latest tax cuts mean for India's farmers?

New Delhi, Oct. 15 -- Farmers stand to pay less for seed storage, tractor maintenance, and coffee processing after the Goods and Services Tax (GST) Council moved to extend and clarify concessional tax... Read More


Net direct tax collections up 13.2% at Rs.13.38 tn, corporate tax buoys

New Delhi, Oct. 15 -- India's net direct tax collections rose 13.2% year-on-year to Rs.13.38 trillion so far this fiscal as of 14 October, provisional data from the income tax department released on T... Read More


India, Mauritius revise tax treaty benefit rules

New Delhi, Oct. 15 -- Foreign investors routing money into India through Mauritius will face greater scrutiny under new tax treaty rules that allow India to deny tax benefits if one of the main reason... Read More