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Small Businesses’ Grievances On GST To Be Monitored Daily
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 6, 2018
The Central Board of Indirect Taxes and Customs will daily monitor the grievances of the Ministry of Micro, Small and Medium Enterprises ...
DG Audit asked to scrutinise accounting software of large service firms
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 6, 2018
In order to prevent incorrect allocation of GST revenue among states, the Directorate General of Audit has been asked to scrutinise the a...
Income Tax department to probe use of fake PAN cards in market trading
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Nov 6, 2018
The Income Tax Department will apparently seek details of trading worth thousand crores and more on equity exchanges which have been carr...
GST-hit MSMEs get 12-piece Diwali gift set from Prime Minister
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 3, 2018
Bogged down by the twin blows of demonetisation and the goods and services tax (GST), the country’s micro, small and medium enterprises (...
Start-ups in India set to get Income-Tax dept, DIPP booster shot
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Nov 1, 2018
The Department of Industrial Policy and Promotion (DIPP) is working with the tax department and regulators to ease the rules and laws for...
Commerce Ministry to take up exporters’ complaints on GST refund with FinMin
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 1, 2018
The Commerce Ministry has taken note of exporters’ complaints that the input duty refund under the duty drawback scheme claimed by some...
Rs 100-cr ‘fake GST bills’ by Ludhiana operator
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 1, 2018
An operator working out of a single room on Gill Road in Ludhiana is suspected to have supplied fake GST bills worth Rs 100 crore to at...
National Anti-profiteering Authority dying a natural death
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Oct 31, 2018
Nearly a year after the National Anti-profiteering Authority (NAA) was set up, it has disposed of only eleven complaints and fined just f...
Tax sleuths on the prowl as GST revenue shortfall looms
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 31, 2018
Fearing shortfall in revenue from Goods and Services Tax (GST), the government is taking several steps to boost tax mop-up as well as a c...
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