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Taxes-Indirect Taxes

Finance Minister Nirmala Sitharaman receives the report of new direct tax code panel from its head Akhilesh Ranjan, a member of the CBDT, and other members of the panel, in New Delhi

PTI Photo/Shahbaz Khan

A Kosovo Serb protester waving Serbia's national flag participates in a protest in northern part of the ethnically divided town of Mitrovica.

AP Photo/Visar Kryeziu

Goran Rakic mayor of the Serb part of the ethnically divided town of Mitrovica adresses thousands of Serb protesters gathered. A few thousand people have rallied in the Serb-populated north of Kosovo demanding that the government abolish a 100 percent tax it has slapped on all goods imported from Serbia.

AP Photo/Visar Kryeziu

Haryana Finance Minister Capt. Abhimamyu hosts his counterparts from Punjab, Himachal, Uttar Pradesh, Delhi and Chandigarh to fix a uniform rate for VAT on petrol and diesel, in Chandigarh.

PTI Photo

RTO officers remain the drivers’ bete noire

Photograph by Jitender Gupta

Sales tax office at the Haryana-Punjab border

Photograph by Tribhuvan Tiwari

Delhi's deputy chief minister Manish Sisodia and Puducherry Chief Minister, V Narayanasamy at the 17th GST Council Meeting at Vigyan Bhawan in New Delhi.

PTI Photo by Subhav Shukla

Union Minister for Finance and Corporate Affairs Arun Jaitley with MoS Santosh Gangwar and Chief Economic Adviser Arvind Subramanian at the 17th GST Council Meeting at Vigyan Bhawan, in New Delhi.

PTI Photo by Subhav Shukla

Union Minister for Finance and Corporate Affairs Arun Jaitley with MoS Santosh Gangwar and Revenue Secretary Hasmukh Adhia during the16th GST Council Meeting at Vigyan Bhawan, in New Delhi.

PTI Photo by Kamal Singh

Prime Minister Narendra Modi reviewing the status of GST, which is to be implemented from July 01, in New Delhi. Finance Minister Arun Jaitley is also seen.

PTI Photo

Union Finance Minister Arun Jaitley with MoS Santosh Gangwar at the 15th Goods and Services Tax (GST) meeting in New Delhi.

PTI Photo by Atul Yadav

Delhi Deputy Chief Minister Manish Sisodia addresses a press conference on the issue of lower tax rates under GST, at Delhi Secretariat in New Delhi.

PTI Photo

Union Finance Minister Arun Jaitley with MoS Santosh Gangwar and Reneue Secretary Hasmukh Adhia addressing a press conference on the firsrt day of the 14th Goods and Services Tax (GST) Council at SKICC, in Srinagar.

PTI Photo by S Irfan

Revenue Hasmukh Adhia unveiling a plaque to inaugurate the New GST Council Office at Connaught Place, in New Delhi.

PTI Photo / PIB

Union Minister for Finance and Corporate Affairs Arun Jaitley chairing the Thirteen GST Council Meeting at Vigyan Bhawan, in New Delhi.

PTI Photo by Kamal Singh

Union Finance Minister, Arun Jaitley chairs the 6th Goods and Services Tax (GST) Council meeting, in New Delhi.

PTI Photo by Kamal Singh

Union Finance Minister, Arun Jaitley, Revenue Secretary Hasmukh Adhia, Chairman of Central Board of Excise and Customs, Najib Shah and other officials at the 5th Goods and Services Tax (GST) Council meeting, in New Delhi.

PTI Photo by Vijay Verma

Union Finance Minister Arun Jaitley with Minister of State for Finance Santosh Gangwar and Revenue Secretary Hasmukh Adhia at the meeting of the GST Council at Vigyan Bhawan, in New Delhi.

PTI Photo by Shahbaz Khan

Chief Minister Arvind Kejriwal launching the "DVAT MSewa mobile App for Vat registration and promoting ease of doing Business at Delhi Secretariat.

PTI Photo

Police use water cannon to disperse Youth Congress members during a protest against NDA Government over Agusta-Westland issue, in New Delhi.

PTI Photo by Vijay Verma

Jewellers tie black strips on their mouths and hold placards during a protest against the proposed hike in excise duty on jewellery in Shimla.

PTI Photo

A woman holds a sign that reads in Spanish "Macri if you have any dignity, resign," during a protest against President Mauricio Macri outside the government in Buenos Aires..

AP Photo/Natacha Pisarenko

Thailand’s Anti-Money Laundering Office Secretary-General Seehanart Prayoonrat speaks to reporters during a press conference in Bangkok,. Authorities in Thailand are investigating 16 citizens with reported ties to offshore companies set up by a Panama-based law firm.

AP Photo/Sakchai Lalit

President Mauricio Macri makes a statement at the government house in Buenos Aires, Argentina.

AP Photo/Natacha Pisarenko

Argentina's President Mauricio Macri gives a statement at the government house in Buenos Aires, Argentina.

AP Photo/Natacha Pisarenko

Anti-fraud activists chant slogans while blocking entrances at Societe Generale's Paris headquarters as part of a protest accusing the French bank of ties to the so-called "Panama Papers" in Paris.

AP Photo/Francois Mori

Anti-fraud activists put stickers on ATM cash machine in the entrance hall while blocking entrances at Societe Generale's Paris headquarters as part of a protest accusing the French bank of ties to the so-called "Panama Papers" in Paris.

AP Photo/Francois Mori

Media surrounds Bjorn Wahlroos, the Chairman of the Board of Nordea, with questions about the so called "Panama Papers" in connection with Nordea as he arrives to the general meeting of the Finnish bio and forest industries company UPM in Helsinki, Finland.

VESA MOILANEN / Lehtikuva via AP

Panama's Cabinet Chief Alvaro Aleman, right, and Deputy Foreign Minister Luis Hincapie give a press conference regarding the "panama papers" in Panama City.

AP Photo/Arnulfo Franco

A potted plant is placed at the entrance of the regional head office of Panama-based law firm Mossack Fonseca, one of the world's biggest creators of shell companies, in Hong Kong.

AP Photo/Vincent Yu

People walk past the Arango Orillac Building which lists the Mossack Fonseca law firm in Panama City.

AP Photo/Arnulfo Franco

A marquee of the Arango Orillac Building lists the Mossack Fonseca law firm in Panama City.

AP Photo/Arnulfo Franco

A street vendor sets up his stall in front of closed shops of jewelers who have been on a strike for more than a month in Ahmadabad.

AP Photo/Ajit Solanki

Children of jewellers hold placards with a message, 'Father on strike, pay school fees Modi uncle', during a protest against the proposed hike in excise duty on jewellery, in Jodhpur.

PTI Photo

Jewellers along with their children take out a rally to protest against the proposed hike in excise duty on jewellery in Budaun.

PTI Photo

Children of jewellers display placards at a protest against the excise duty hike on jewellery in Jalandhar, Punjab.

PTI Photo

Jewellers demonstrate during their hunger strike against propose hike in excise duty on jewellery.

PTI Photo

Gold and jewellery traders during a nation-wide protest at Ramlila Maidan over excise duty.

PTI Photo by Kamal Kishore

Gold and jewellery traders during a nation-wide protest at Ramlila Maidan over excise duty.

PTI Photo by Kamal Kishore

Members of Jewellery association shout slogans against the proposed 1% excise duty hike on jewellery.

PTI Photo by Shailendra Bhojak

Police detain workers of youth Congress during a protest against AAP government's decision to increase VAT, in New Delhi.

PTI Photo

BJP workers protest against VAT hike on Petrol and Diesel by Kejriwal government, in New Delhi.

Photo by Sanjay Rawat/ Outlook

A Sadhu steps out from a Vodafone mini store in Mumbai. The Supreme Court set aside the Bombay High Court judgment asking the company to pay income tax of Rs 11,000 crore as taxes and penalties for the transaction that saw the company acquire 67 per cent stake in Hutchison Essar, a mobile phone operator in India in 2007.

AP Photo/ Rajanish Kakade

Illustration by Sandeep Adhwaryu

Workers play cricket as textile merchants stage a strike demanding withdrawal of VAT on cloth in Hyderabad.

PTI Photo

Deputy Chief Minister and Finance Minister for Bihar, Sushil Kumar Modi with Union Finance Minister Pranab Mukharjee and other States' Finance Ministers after he was elected as the Chairman of the Empowered Committee of state FMs on Goods and Services Tax (GST) at Vigyan Bhawan in New Delhi.

PTI Photo

Union Finance Minister Pranab Mukherjee during a press conference after inauguration of high level seminar on 'Adapting Tax Systems and International Tax Rules to the New Global Environment- A Shared Challenge for India and the OECD' in New Delhi.

PTI Photo/ Subhav Shukla

President Barack Obama addresses the crowd during a town hall meeting at Facebook headquarters in Palo Alto, California. In remarks bound to create controversy in India, Obama targeted "cheap health care" in countries like India and Mexico arguing that Americans should avail of "high quality" treatment available here.

AP Photo/ Marcio Jose Sanchez

Giving back Melinda Gates and Warren Buffet are strong advocates of philanthropy

Sanjay Rawat

TV Grab: Finance Minister Pranab Mukherjee replies to the debate on the Finance Bill in the Lok Sabha in New Delhi. Bowing to demand from all quarters, Finance Minister announced withdrawal of the proposed 5% service tax on airconditioned hospitals with more than 25 beds and on diagonistic services.

PTI Photo

Garment workers and manufacturers shout slogans during a protest in Ahmedabad. Garment manufacturers on March 14 began their two-day strike, closing down their factories across India demanding rollback of 10 percent excise duty imposed on branded apparel in the annual budget 2011-12.

AP Photo/Ajit Solanki

A couple walks past parked passenger buses inside a bus terminal in Srinagar during Transporters complete "chakka Jam" in protest against hike in passenger tax in J&K.

PTI Photo

In this photo taken on Nov. 17, 2010, Indian Rupee notes of different denomination lie inside the cash counter of a retail shop in Mumbai. Hundreds of billions of dollars have been lost over the past six decades as companies and the rich stashed cash overseas to avoid taxes and hide ill-gotten gains, widening inequality and depriving the poor of crucial resources, a new report showed.

AP Photo/Rajanish Kakade

Supporters of Confederation of All India Traders raise slogans as they burn an effigy representing VAT, Value Added Tax, to protest its recent hike by Delhi state government in New Delhi.

AP Photo/Gurinder Osan