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"In polluted Delhi, the diesel car of the future may act like a filter on the road"
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[ indirect taxes ]
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GST stakeholders feedback day: FM invites suggestions on new return filing system
BusinessToday.In
December 7, 2019
Since the introduction of GST, this is the first time that the government is doing taxpayer consultation on \"such a large scale\"
How do economists predict GDP figures? These indicators help
Joe C Mathew
November 29, 2019
GDP Q2: One of the reasons why economists are fairly sure about the outcome of the GDP estimates is that key components of the GDP have not been showing positive trends
CBIC suspends Assistant Commissioner Deepak Pandit over alleged misuse of power, disproportionate assets
BusinessToday.In
New Delhi, November 27, 2019
Preliminary investigations against the official show that Pandit had amassed several residential and commercial properties in Mumbai's Juhu, Andheri West and Kandivali East areas
The Great Stock Market Mystery
Rashmi Pratap
Mumbai, November 25, 2019
Why the Sensex is on fire even as the economy hurtles downhill
Number of people filing GST returns rises 50% on last day: CBIC
BusinessToday.In
New Delhi, November 21, 2019
According to the agency, there has been 8.2 per cent rise in return filing at 64.83 lakh for the month of October compared to last month's total filing of 59.90 lakh
GST portal crashes a day before monthly return deadline; taxpayers complain
BusinessToday.In
New Delhi, November 19, 2019
A day ahead of GST deadline, visitors to the GST portal were greeted with a message that read: \"There seems to be an inadvertent problem while communicating with GST system\"
FM Nirmala Sitharaman discusses GST simplification with stakeholders; more meetings across nation on Dec 7
PTI
November 16, 2019
The finance minister assured the stakeholders that their suggestions on simplification of GST filing will be implemented soon, Revenue Secretary Ajay Bhushan Pandey said after the meeting
Govt serious about addressing concerns of crisis-ridden telecom sector, says FM Nirmala Sitharaman
PTI
November 16, 2019
\"I want no company to shut operations. I want everyone to be up and running. We want the economy to have good number of companies in business and flourish in their business.\" said Finance Minister Nirmala Sitharaman
Modi govt's 'unrealistic' tax targets take toll on IT officials, many quit
Reuters
November 15, 2019
Over a dozen tax officials interviewed by Reuters said they are stuck between a push to meet unrealistic collection targets, which influence their appraisals and transfers, and the fear of being accused of over-zealousness if they crack down on evasion
Deadline for GST annual return filing extended; return forms made simpler
BusinessToday.In
New Delhi, November 14, 2019
GSTR-9, an annual return form, and GSTR-9C, a reconciliation statement, for financial year 2017-18 can be filed till December 31, 2019, and the same for financial year 2018-19 have to be filed by March 31, 2020
FM Nirmala Sitharaman seeks suggestions on direct, indirect taxes for Budget 2020
PTI
New Delhi, November 13, 2019
FM Nirmala Sitharaman, who had to announce additional measures to stimulate a slowing economy within a month of her maiden budget being approved by Parliament, is due to present the annual budget for the financial year 2020-21 on February 1
Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties
PTI
November 13, 2019
No GST returns, no E-way bills! Centre to crack down on non-filers
Dipak Mondal
New Delhi, November 12, 2019
While a decision in this regard was taken by the GST Council in April, the reason for the 'extreme' step could be to check leakages of taxes. Non-filing of returns is still high and the tax department thinks this is a major cause for falling GST collections
Rs 5,500 crore declared so far under indirect tax amnesty scheme
Dipak Mondal
New Delhi, November 11, 2019
The scheme that closes on December 31 looks to settle 1.8 lakh disputes pertaining to service tax and excise duty
Be careful when you file GST! This error can lead to a fine
Dipak Mondal
New Delhi, November 11, 2019
In a circular, the CBIC clarified that a taxpayer has to ascertain the eligible input tax credit from form GSTR-2A, which gets auto-populated by the virtue of a supplier filing its GSTR 1 form
Indirect tax authorities to use new system for search, summons, other communication
BusinessToday.In
New Delhi, November 7, 2019
From now onwards, any communication from GST or Custom or Central Excise Department without a computer-generated DIN would be treated as invalid
PAC likely to examine cancellation of Tata Trusts and alleged violations
PTI
November 6, 2019
PAC likely to examine cancellation of six Tata Trusts' registration, alleged violations
PTI
November 6, 2019
Govt's tax collection in H1 2019-20 only 37% of Budget; lowest in 5 years
BusinessToday.In
New Delhi, November 1, 2019
Net collection of both direct and indirect taxes has seen a significant decline; lower tax collection means the Centre may fail to meet its fiscal deficit target of 3.3 per cent of the GDP
Reliance, Amazon, Flipkart battle royale for digital dominance in India
Ajita Shashidhar
New Delhi, October 31, 2019
The advantage as of now is with Reliance. It not just has close to 11,000 stores across 6,700 cities and towns, it also has the largest telecom presence through Jio, with which it now plans to offer 4K entertainment to consumers and release films on the platform
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