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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...
Arun Jaitley says that there is a need for GST Council like federal institution in healthcare, fa...
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on 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 | Last updated on 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 | Last updated on 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
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Nov 28, 2018
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 | Last updated on 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 | Last updated on 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...
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