GST Council may consider national bench of Authority for Advance Ruling next month

While the revenue department is mulling on the idea of a national bench of AAAR, the move is expected to give certainty to taxpayers.

published on : 19th May 2019

Businesses can use Integrated GST credit to settle centre, state tax dues: CBIDT

The board allowed utilisation of input tax credit of IGST after a confusion among taxpayers regarding the quantum of utilisation of IGST credit in paying CGST and SGST dues.

published on : 26th April 2019

Finance Ministry brings in changes in e-way bill system to check GST evasion

With instances of malpractices in e-way bill generation getting detected, the revenue department decided to rework the system for generation of e-way bill by transporters and business.

published on : 24th April 2019

EC calls CBDT head, Revenue Secretary amid ongoing I-T raids on opposition leaders 

The EC had on Sunday strongly advised the Finance Ministry that any action by its enforcement agencies during election time should be neutral and non-discriminatory during the poll season.

published on : 9th April 2019

Direct tax collection falls short, CBDT raises alarm

Till March 26, direct tax collection was Rs 10.29 lakh crore, which is 12.5 per cent up compared to the same period a year ago.

published on : 28th March 2019

Saving taxes: Don’t be a day late and a dollar short

The month of March marks the beginning of spring in the northern hemisphere and winter in the southern hemisphere.

published on : 18th March 2019

Government banking on advance tax collection to meet direct tax target of Rs 12 lakh crore

Lower buoyancy in tax collection has affected the fiscal math and efforts are being made to make up for the shortfall.

published on : 15th March 2019

Government clears scheme to rebate central, state embedded taxes for textiles sector

The decision will enable the government to take various measures for making exports of apparel and made-ups zero rated.

published on : 7th March 2019

Taxing the rich, an idea gaining ground in the US

More than one Democratic contender in next year's presidential elections are campaigning on some plan to tax the wealthy.

published on : 3rd March 2019

CBIC working groups to perk up indirect tax compliance, trade

The groups are to submit their reports in two months.

published on : 24th February 2019

Punjab Budget 2019-20: With no new tax, focus put on agriculture, health, education

With a total outstanding debt of the state has been projected at Rs 2,29,612 crore for 2019-20, the current Congress government blamed the previous BJP-SAD government for the same.

published on : 18th February 2019

Revenue department to set up tax officers committee to deal with bogus bills for moving goods

The system, which was rolled out on April 1, 2018 for moving goods worth over Rs 50,000 from one state to another, has seen fake invoices  with tax evasions worth Rs 5,000 crore.

published on : 17th February 2019

India introduces Electronic Cargo Tracking System for Nepal-bound shipments

The modality has been introduced on rail routes from Kolkata/Haldia to Birgunj via Raxaul LCS and Biratnagar on a pilot basis.

published on : 16th February 2019

Tamil Nadu bud proposes 1 lakh houses in cyclone-hit areas, to cost Rs 1,700 crore

Panneerselvam, who holds the Finance portfolio, pegged the state's revenue deficit at around Rs 14,300 crore for the coming financial year.

published on : 8th February 2019

Tamil Nadu budget: No populist announcements, but debt may touch Rs 4 lakh crore by 2020

The government also announced a number of initiatives in various sectors including implementing a Rs 2,000 crore comprehensive parking management project here.

published on : 8th February 2019
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