ITC is also likely to launch more products at 74 mm category with larger price increases to negate excise impact in king size brands.

The Customs Tariff Amendment (Draught Beer) Bill 2025 seeks to pause the indexation of customs duty rates for draught beer for two years from August 1, 2025. Currently, the beer excise is indexed ...

In 2025, the government undertook comprehensive VAT reforms to improve the efficiency of tax administration and alleviate the tax burden on households and businesses. These reforms, passed under the ...

ST retrospectively expands “specified services,” making head-office services used for export eligible for refund. Rejections based on pre-amendment interpretation were set aside with limited remand ...

"The Taxation Department has unmasked a significant GST fraud where Maa Steel was found issuing fake invoices for coils and strips without any actual supply of goods," he said. This fraudulent network ...

Finance and taxation minister Harpal Singh Cheema on Thursday said that a Ludhiana businessman was arrested in a ₹9 crore goods and services tax (GST) fraud case, while an excise and taxation inspecto ...

Chandigarh: A Ludhiana-based businessman was on Thursday arrested in a Rs 9-crore GST fraud case, while an excise and taxation inspector was dismissed.

A Ludhiana-based businessman has been arrested for his alleged involvement in a GST fraud worth Rs 9 crore, officials said on ...

Businesses will not pay fines if they fail to submit reports in time due to power outages. Danylo Hetmantsev, a member of the Verkhovna Rada from the Servant of the People faction, the chairman of the ...

The complainant, Lakshminarayana C, alleged that officials demanded Rs 2.30 crore for clearing the licences — Rs 80 lakh for the CL-7 licence and Rs 1.5 crore for the microbrewery licence. Later, the ...

Lucknow: The Uttar Pradesh government is drafting a new Excise Policy 2026-27 to accelerate industrial investment in the state and strengthen revenue resources, officials said on Thursday. Under the ...

The new excise tax (ET) framework, effective from January 1, has led to price increases for alcohol, tobacco, carbonated drinks, and pan masala - goods deemed harmful to health. wholesale development ...