Finance Minister Arun Jaitley’s Union Budget 2018 on Thursday revised excise and customs duties on a number of products, which will make them either cheaper or costly. The following is the list of imported items that will become cheaper: * Raw cashew nuts * Solar tempered glass or solar tempered glass used for manufacture solar panels/modules * Raw materials, parts or accessories used in making cochlear implants * Select capital […]

Finance minister Arun Jaitley could raise the service tax rate in the Budget to be presented on February 1, a move that will increase the cost of eating out, going to the movies or flying. Two senior government sources told Hindustan Times on Friday that the existing rate of 15%, which includes two cesses, could be raised by another 0.5% to 1%. “The government might want to increase the service […]