Since the introduction of GST, this is the first time that the government is doing taxpayer consultation on \"such a large scale\"

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

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

Why the Sensex is on fire even as the economy hurtles downhill

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

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\"

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

\"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

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

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, 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

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

The scheme that closes on December 31 looks to settle 1.8 lakh disputes pertaining to service tax and excise duty

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

From now onwards, any communication from GST or Custom or Central Excise Department without a computer-generated DIN would be treated as invalid

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 

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