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Jayant Sinha urging FM to bring aviation turbine fuel (ATF) under the ambit of GST
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 30, 2018
Minister of State for Civil Aviation Jayant Sinha urged Finance Minister Arun Jaitley to bring aviation turbine fuel (ATF) under the ambi...
1,40,139 taxpayers disclosed income above Rs. 1 crore in AY 2017-18
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 30, 2018
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 22nd October, 2018 PRESS RELEASE Re...
Adjudicating Authority under Benami Property Act gets cabinet approval
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 30, 2018
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the appointment of Adjudicating Authority and establishment o...
GST Intel Wing Unearths Rs 80 Crore ‘Fraud’ in Pune in potentially further higher degree of fraud
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 29, 2018
The Directorate General of GST Intelligence’s (DGGI’s) Pune zonal unit has unearthed a Rs 80 crore “fraud” which ...
GST relief for oil companies on outsourced work
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 29, 2018
In what could come as urgent relief for oil companies, revenue authorities have allowed refineries to pay GST only on value addition done...
Behavioural patterns of taxpayers under the focus of CBIC to improve GST compliance
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 29, 2018
Soon, GST officers will study the behavioural pattern of certain taxpayers to nudge them to comply with tax laws, in a departure from the...
Income tax dept may seek first right on recovery of dues under IBC
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 27, 2018
The income tax (I-T) department may soon request authorities in the finance ministry to intervene so that I-T dues get a higher priority ...
E-filing of income tax returns rises 65% in Apr-Sept
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 27, 2018
Even after the deadline for filing income tax returns ended on August 31, the growth in taxpayers filing e-returns continued to grow robu...
GST likely to have three-slab rate structure in future
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 27, 2018
The current four-slab GST rate structure is likely to be reduced to three as the process of rationalising India’s new indirect tax ...
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