Posts Tagged ‘indirect taxation’

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Indirect tax collections went up by a whopping 43% in the first quarter of the current financial year, providing further proof to a recovery in industrial activity that provoked International Monetary Fund (IMF) to increase its growth estimate for the country for the year 2010.

There have been some changes to GST and other indirect tax law that affect fuel tax credits in a number of ways.

Import of goods into India is subject to a levy of customs duty and the person importing the goods is liable to pay customs duty at the applicable rates. Customs duty consists of various components; viz the Basic Customs Duty (BCD), the Countervailing Duty (CVD) in lieu of the excise duty and the Additional Duty […]

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