Topic: Value-added tax

Fin Min to issue appreciation certificates to GST payers

Union Finance Ministry has decided to issue certificates of appreciation to over 54,000 GST payers. Why certificates will be issued? Certification of appreciation will be issued for timely...

July 1, 2021

Second Phase of Urban Environment Improvement Programme in Punjab

The Urban Environment Improvement Programme (UEIP) is a flagship initiative of the Government of Punjab aimed at improving the quality of urban life by upgrading basic infrastructure, sanitation,...

October 27, 2020

“Special Corona Fee” imposed on Liquor by Delhi Government

On May 4, 2020, the third phase of lock down began in India. Under the third phase, the liquor shops were opened in selected regions with certain restrictions....

May 5, 2020

Government Proposes Major changes in Corporate Tax Rates

The Union Minister of Finance Nirmala Sitharaman has announced big cuts in the corporate tax rate, giving a ₹1.45 lakh crore stimulus aimed at reviving private investment and...

September 21, 2019

Key points of the Australian Budget 2019

The Australian Budget for the fiscal year 2019 ”2020 sets out economic and fiscal outlook of Australia. It includes revenue estimates, expenditure for the fiscal year and also...

April 3, 2019

Saudi Arabia, UAE introduce VAT for first time

Saudi Arabia and United Arab Emirates (UAE) became first countries of Gulf Cooperation Council (GCC) to introduce Value Added Tax (VAT) for the first time to increase their...

January 1, 2018

OLTAS System

OLTAS refers to On-line Tax Accounting System (OLTAS) for Direct Taxes. Please note that direct taxes include the Income Tax and Corporate Taxes, which are directly levied from...

February 3, 2012

Multilateral Convention relating to Tax Matters inked by India

· Indian finalized a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. This device as yet was available only for the members of Council of Europe and...

January 31, 2012

Annual Foreign Trade Policy 2007-08

The Annual Supplement 2007-08 to the National Foreign Trade Policy (2004-09) was announced by Shri Kamal Nath, Union Minister for Commerce & industry on April 19, 2007. 1....

May 26, 2009