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Tax burden News

22 Jun 2017

GST to lower overall tax burden over time, says RBI governor

Reserve Bank governor Urjit Patel on Thursday said the soon-to-be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term.

22 May 2017

'Mobile tower companies to pass on 18% tax to telcos under GST'

Phone bills may get coslier soon as mobile telecom companies are prepared to pass on their 18 percent tax burdenproposed under the Goods and Services Tax (GST) regime.

05 Apr 2017

Furnishing fake rent receipt to lower tax burden? Not anymore

The assessing officer can now demand proof — such as leave and licence agreement etc.

Goods and Services Tax

11 Feb 2015

GST to reduce tax burden: RBI board member

The implementation of Goods and Services Tax (GST) will result in lesser tax burden on consumers, besides boosting country's economic growth, an RBI board member said on Wednesday.

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