The Ministry of Finance said the notification issued on March 30 pertained to date of applicability of stamp duty, which has now been changed from April 1 to July 1

Shell companies are intrinsic to the global and Indian economy, but they require a high level of oversight to prevent them from becoming conduits for illicit financial flows

So far, their progress is mixed with individual countries taking more aggressive positions to bring a change to the impact of what would be known several years from now

Tax havens have powerful backers; they include big nations including the UK and the US, reputed international bankers, accountants, law firms and many others which makes it difficult to discipline them

Tax havens are increasingly being used for tax avoidance and other purposes; most of India's FDI inflows and outflows also are routed through them and should be a cause of concern

GST Council has a few expectations, which will be formally informed to Infosys, says Nirmala Sitharam; among major \"expectations\" is to enhance load capacity of the GSTN from 1.5 lakh users at the moment to 3 lakh

GST Council may rationalise tax rates on five sectors, including mobile phones, footwear and textiles, and defer implementation of the new return filing system and e-invoicing

While some developed economies have adopted anti-tax avoidance GAAR and digital tax on sales of multinationals, India has been deferring operationalisation of GAAR since 2012 and is also handicapped by lack of adequate studies and data

The Council would also discuss the integration of the GST e-way bill system with the NHAI's FASTag mechanism from April to help track movement of goods and check GST evasion

The GST Council is likely to rationalise tax rates on mobile phones, footwear and textiles and two other sectors and defer implementation of the new return filing system and e-invoicing in its meeting on March 14.

YES Bank case updates: ED also found that 44 costly paintings were in the alleged possession of Kapoor, one of which was purchased by him from Congress leader Priyanka Gandhi Vadra

The CBI has taken over investigation into the Barak Valley coal scam case related to alleged tax evasion in transportation of coal through Meghalaya by bribing officials in Assam

Officers of Anti-Evasion wing of Central Tax, Delhi West Commissionerate have busted a racket of fake invoicing of Rs 7,896 crore, and arrested two persons in this matter

GST was supposed to be a simple, self-regulating and non-intrusive tax compliance regime to replace a complicated and multiple indirect tax systems. What has been rolled out remains very much a work-in-progress after more than two-and-half years

During the Union Budget 2020 presentation, the ''Vivad se Vishwas'' scheme was announced to provide for dispute resolution in respect of pending income tax litigation

Central GST Delhi East Commissionerate officials caught three persons for floating 17 fake companies and issuing fake invoices

The GST revenue collection stood at Rs 1.05 lakh crore in February, registering a growth of 8 per cent over the same month last year

The revenue department is planning to launch lottery offers between Rs 10 lakh and Rs 1 crore under the GST from April 1 by conducting lucky draws every month for invoices of all business to customer (B2C) transactions

The lottery scheme is being envisaged by the revenue department to encourage customers to take bills for every purchase, which will help the government in curbing GST evasion

Under the scheme, the revenue department will conduct monthly lucky draws which will have one bumper prize