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Income Tax return filing may get easier with simpler and pre-filled forms
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Dec 5, 2018
Taxpayers may soon get relief from the hassles of filling up income tax (I-T) return forms. Central Board of Direct Taxes (CBDT) Chai...
Simplified GST return forms to be rolled out from April 1
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 5, 2018
The new simplified GST return forms will be rolled out from April 1, 2019, Revenue Secretary Ajay Bhushan Pandey said Tuesday. He exude...
New GST Return System ready and may be rolled out by 2019
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 4, 2018
The government of India led by Prime Minister Narendra Modi is ready with a new GST return system. But it may be delayed in a bid to not ...
E-commerce firms not liable to collect TCS from suppliers with less than ₹20 lakh turnover
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 4, 2018
The e-commerce companies are not liable to collect TCS on supplies made by entities with turnover not exceeding ₹20 lakh and are not regi...
Govt clears Rs. 91,149 crore GST refunds to exporters
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 4, 2018
The finance ministry on Monday said Rs91,149 crore has been issued so far to exporters as GST refunds, which are 93.77% of total claims...
Amnesty scheme under GST likely for ‘nil’, non-filers
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 3, 2018
The Goods and Services Tax (GST) Council may consider one-time amnesty scheme to facilitate exit for ‘nil’ filers and non-filers. “Appr...
New direct tax code won’t change income tax slabs, rates
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Dec 3, 2018
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 | Last updated on 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
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Dec 1, 2018
Officials of the Income Tax Department today conducted a search operation at the premises of Bhushan Kumar and Krishan Kumar owned T-Se...
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