A day after tax revision, fuel prices hiked by over Rs 2
New Delhi: Fuel prices were revised across the country on Saturday, a day after the announcement of additional excise duty and cess of Re 1 per litre on petrol and diesel. Representative image. In Delhi, petrol More...
GST processes to be simplified, biz with less than Rs 5 cr annual turnover to file return quarterly
New Delhi: Finance Minister Nirmala Sitharaman on Friday said that the Goods and Services Tax (GST) processes were being further simplified while adding that businesses with less than Rs 5 crore annual turnover More...
Economic Survey to chart out reform road map of Modi 2.0 govt
New Delhi: Ahead of Modi government’s maiden Budget in the second term, an economic survey projecting the state of health of the country’s economy and outlining the challenges will be tabled in Parliament More...
GST collections dip below Rs 1 lakh cr-mark in June
New Delhi: In signs of sluggish momentum in tax collections, Goods and Services Tax (GST) receipts in June fell to Rs 99,939 crore, down from over Rs 1 lakh crore in the previous month, the finance ministry said More...
GST Council extends anti-profiteering authority’s tenure, sends rate cut on EVs to fitment panel
New Delhi: The all-powerful GST Council Friday extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST More...
GST Council may give 1-year extension to anti-profiteering authority
New Delhi: The GST Council is likely to extend till November 30, 2020, the tenure of the National Anti-profiteering Authority (NAA), which deals with customer complaints regarding not receiving tax cut benefits, More...
GST council to introduce new GST return system
New Delhi: A new GST return system will be introduced to facilitate taxpayers. Finance Minister Nirmala Sitharaman. This was decided by the Council at its 31st meeting to ease the transition to the new return system,. More...
CBI books railway officials in Rs 2.20 crore fraud
New Delhi: The CBI has booked a railway official and three companies in Secunderabad for allegedly siphoning off Rs 2.20 crore from railways’ accounts to fake firms using fraudulent bills, officials said Tuesday. CBI More...
SC agrees to examine power of tax authorities to arrest individual for GST evasion
The Supreme Court Wednesday agreed to examine the powers of tax authorities to arrest an individual for Goods and Services Tax (GST) evasion. Supreme Court today agreed to examine the powers of tax authorities to More...
Single authority for sanctioning, processing GST refunds likely by August
New Delhi: A single authority for sanctioning and processing GST refunds is in the offing as the Finance Ministry looks to speed up and simplify the process for exporters, an official said. Single authority for More...
