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New direct tax code won’t change income tax slabs, rates

The draft direct tax code—is likely to be a strong message about stability and certainty in taxation rather than any structural shift. Th...

Ministry seeks to bring aviation fuel under GST

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 1, 2018

With airlines struggling to make money even when passenger traffic is growing at a double-digit pace, the civil aviation ministry has sou...

Income Tax officials conduct search operation at T-Series Noida Film City office

  Officials of the Income Tax Department today conducted a search operation at the premises of Bhushan Kumar and Krishan Kumar owned T-Se...

Arun Jaitley says that there is a need for GST Council like federal institution in healthcare, fa...

GST & Other Indirect Taxes | By ALOK PATNIA | Nov 30, 2018

Finance minister Arun Jaitley has made a strong case for creating a federal institution such as the Goods and Services Tax Council for th...

GST on free services provided by banks may be passed on to customers

GST & Other Indirect Taxes | By ALOK PATNIA | Nov 30, 2018

Faced with the prospect of paying goods and services tax (GST) on ‘free services’ provided to customers who maintain a minimum balance in...

Dates for filing GST returns extended for Andhra, TN districts

GST & Other Indirect Taxes | By ALOK PATNIA | Nov 29, 2018

The Central government has extended the due dates for filing Goods and Services Tax (GST) returns for Andhra Pradesh’s Srikakulam d...

Two out of five registered companies inactive in India

      About seven lakh or two out of five of registered companies in India are inactive, either being closed down, facing liquidation or ...

GST council approached by rubber goods industry for non-payment of refunds

GST & Other Indirect Taxes | By ALOK PATNIA | Nov 28, 2018

  Members from Jalandhar-based rubber goods industries are planning to approach the Goods and Services Tax (GST) council as they claimed ...

HC issues notices to GST Council  for advance authorization licence for exporters

GST & Other Indirect Taxes | By ALOK PATNIA | Nov 28, 2018

  The Punjab and Haryana High Court has issued notices to the finance ministry, the commerce ministry and the Goods and Services Tax (GST...

GST registrations of 655 traders cancelled

GST & Other Indirect Taxes | By ALOK PATNIA | Nov 28, 2018

  The Goods and Services Tax (GST) registrations of 655 traders based in Raigarh district have been canceled for non-submission of detail...

Telecom companies want GST on spectrum and licence fees

GST & Other Indirect Taxes | By ALOK PATNIA | Nov 28, 2018

  Telecom companies, burdened with debt and engaged in a battle for customers, are set to ask the government to exempt them from goods an...

FISME to facilitate meeting on ‘GST with MSME exporters’ on Nov 27

GST & Other Indirect Taxes | By ALOK PATNIA | Nov 27, 2018

The Federation of Indian Micro and Small & Medium Enterprises (FISME), an apex body for MSME associations in the country, is facilita...

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