1907 Ground Tax in Lyallpur: Colonial Revenue Policy
In 1907, the British Raj imposed a ground tax in Lyallpur, now Faisalabad. This colonial revenue policy aimed to boost income from the fertile Chenab Colony. Discover its historical impact.
Category : GST & Taxation
AP Tobacco Farmers Protest Central Tax Hike
Thousands of tobacco farmers in Andhra Pradesh protest against the Centre's steep tax increase, warning it will destroy livelihoods and boost illegal smuggling. FAIFA demands a rollback.
Goa GST Collections Fall 3% in December
Goa reports a 3% drop in GST revenue for December, with CM Pramod Sawant citing a slowdown. State among 12 with declining collections. Read the full analysis.
Andhra Pradesh GST Collections Jump 5.78% in Dec 2025
Andhra Pradesh's net GST revenue surged to a record ₹2,652 crore in December 2025, marking 5.78% growth despite major tax reductions. Discover how the state outpaced the national average.
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National Security Cess to be levied on machine speed, clarifies FinMin
Finance Ministry clarifies National Security Cess will be calculated on machine speed, not production output. This impacts importers and aims to safeguard health, security, and strategic interests.
Govt hikes excise duty on cigarettes; prices to rise from Feb 1
Cigarettes to get costlier as the Centre imposes additional excise duty from February 1. Find out how much more you'll pay for brands like Marlboro, Gold Flake, and others.
April GST Mop-Up at ₹1.73 Lakh Cr, Signals Resilient Demand
India's GST collections for April 2024 reached ₹1.73 lakh crore, showing economic resilience and stable domestic demand despite recent rate rationalizations. Experts analyze the trends.
GST Mop-Up Grows 6.1% in Dec, Hits Rs 1.74 Lakh Crore
India's GST revenue grew 6.1% to Rs 1.74 lakh crore in December 2025, driven by a 19.7% surge in import levies. Experts say tax cuts are boosting consumption. Read the full analysis.
Billionaire may leave California over proposed wealth tax
Sri Lankan-origin billionaire Chamath Palihapitiya warns of a talent exodus from California due to a proposed 'billionaire tax'. Read about the potential impact on Silicon Valley.
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New GST Rates on Tobacco, Pan Masala Effective Feb 1
The GST Council has approved new tax rates for tobacco, pan masala, and other items from February 1. Learn about the revised compensation cess and its impact on prices.
Punjab OTS Scheme Extended to March 31, 2026
Punjab govt extends OTS scheme deadline to March 2026, offering 100% waiver on interest & penalties for pre-GST disputes. A relief for traders & industry. Apply now!
Cigarette Prices to Rise 20% from February 1
Cigarette prices in India are expected to surge by up to 20% from February 1, 2025, following a significant increase in the National Calamity Contingent Duty. This move will impact major tobacco companies and consumers nationwide.
GST Collection Holds Strong at Rs 1.76 Lakh Crore
India's GST revenue for December 2024 stands at a robust Rs 1.76 lakh crore, including cess, demonstrating continued buoyancy despite rate rationalization. Explore the detailed analysis.
Billionaires flee California over proposed wealth tax
Top tech billionaires like Larry Page and David Sacks are leaving California to escape a proposed 5% wealth tax, potentially costing the state billions. Read about the exodus and its impact.
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Vodafone Idea Hit with Rs 638 Crore GST Penalty
Vodafone Idea receives a massive GST penalty order of Rs 638 crore from the Directorate General of GST Intelligence. The telecom giant plans to appeal. Details inside.
Punjab Tax Dues Scheme Deadline Extended to March 31
Punjab government extends deadline for its 'Settlement of Arrears of Tax Dues Scheme' to March 31, 2025. Traders get more time to clear pending dues with significant concessions. Act now to benefit!
Govt Debunks 85% Tax on ₹10 Lakh Bank Transactions
PIB Fact Check refutes viral social media claim of an 85% tax on transactions over ₹10 lakh. No such tax exists. Read details on the new Income Tax Act 2025 and its simplified rules.
New Tobacco & Pan Masala Cess: 40% GST + Excise from Feb 1
India's new tax structure for tobacco & pan masala kicks in Feb 1. Cigarettes face extra excise, pan masala gets 48% 'Health Security Cess'. Read the full impact.
New AC Star Ratings Could Raise Prices by 10% from 2026
BEE's stricter energy norms from 2026 may increase AC costs by 10%, potentially negating GST rate cut benefits. Learn how this impacts your wallet.
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India Eyes Higher Cigarette Tax to Match Health Impact
India considers calibrated excise duty hikes on cigarettes, citing current modest rates and significant fiscal and public health space for increase. Read the full analysis.
December GST Collections Rise 6.1% to Rs 1.75 Lakh Crore
India's GST collections for December 2024 show robust growth, reaching Rs 1.75 lakh crore. This marks a 6.1% year-on-year increase, highlighting strong economic activity. Read the full analysis.
GST Revenue Hits Rs 1.75 Lakh Crore in December 2025
India's GST collections surged to Rs 1.75 lakh crore in December 2025, a 6.1% yearly rise. The April-December FY26 period saw 8.6% growth. Discover how recent tax reforms are driving this record revenue.
Tobacco Makers Must Install CCTV, Keep Footage for 24 Months
India mandates CCTV installation in tobacco factories from Feb 1, 2026. Footage must be preserved for 24 months. New excise rules also clarify duty on tins and other forms. Details inside.
Cigarettes, Tobacco Costlier from Feb 1 After Excise Duty Hike
Prices of cigarettes, bidis, and other tobacco products will rise from February 1, 2026, after the government imposes a new excise duty. Find out the latest tax rates and impact on consumers.
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GST Collections Rise 6.1% to ₹1.74 Trillion in Dec 2025
India's GST collections surged to ₹1.74 lakh crore in December 2025, marking a 6.1% year-on-year growth, as reported by PTI. Explore the key details and economic implications here.
Tax Regime Choice Impacts Your Tax Outgo Significantly
With the new tax regime as default, choosing wrongly can lead to higher tax payments. Experts explain key factors like HRA, deductions, and documentation to consider for optimal tax planning in India.
ISMA Calls for GST Cut on Flex-Fuel Vehicles
The Indian Sugar Mills Association urges the GST Council to lower taxes on flex-fuel vehicles, a crucial step for India's ethanol blending and energy security goals. Read more.
Musk Slams California Wealth Tax, Defends Stock Wealth
Elon Musk joins the debate on California's proposed wealth tax, arguing his Tesla and SpaceX shares represent real value creation. Tech leaders warn of a billionaire exodus.
New Excise Duty on Tobacco Products Effective Feb 2
The Indian government has levied an additional excise duty on tobacco products like cigarettes and bidis. The new duty, effective February 2, aims to boost revenue. Learn about the impact on prices and industry.
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Cigarette, Gutkha Prices to Rise After Govt Excise Duty Hike
The Indian government has sharply increased excise duties on cigarettes and tobacco products from February 1, 2024. This move will lead to higher retail prices for consumers. Get all the details on the new rates and their impact.
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