States can't acquire all private properties for common good, rules SC

In a significant verdict, the Supreme Court by a majority of 7:2 on Tuesday held all private properties cannot form part of "material resources of the community" empowering states to take them over......

SC rules states can tax mines, royalty on minerals not tax

The legislative power to tax mineral rights vests with the states and the royalty paid on minerals is not a tax, the Supreme Court ruled on Thursday in a landmark judgement which will give a huge......

Budget 2024: Gold prices crash by Rs 3,350

Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the......

'How Will Piyush Goyal Help Us?'

'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.''Piyush Goyal is not that candidate.' IMAGE: A view of Ambujawadi. Photograph: Jyoti......

Will GST Council cut taxes on insurance premium?

The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent from the current 18 per cent. Illustration: Dominic Xavier/Rediff.com The GST Council, in......

Good news for RIL, ONGC as govt scraps windfall tax

The government on Monday scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF), diesel and petrol following a decline in international oil......

GST collection rises 8.5% to Rs 1.82 lakh cr in Nov

Gross GST collections grew 8.5 per cent to over Rs 1.82 lakh crore in November on account of increased sales spurred by the festive season. Illustration: Uttam Ghosh/Rediff.com The Central GST......

'GST Council Should Jack Up Rates'

'Rates go up, revenues go up, and the need for compensation diminishes.' Illustration: Dominic Xavier/Rediff.com   The Goods and Services Tax Council has turned into a "rate cutting panel",......