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Over 2 lakh assessees who migrated from VAT regime opt out of GST net
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 14, 2018
Over 2 lakh assessees have opted out of the Goods and Services Tax (GST) registration as their turnover is below the prescribed threshold...
GST refunds of Rs 82,775 cr to exporters cleared
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 12, 2018
The finance ministry said Thursday that GST refund of Rs 82,775 crore to exporters has been cleared as on October 31, which is 93.8 per c...
GST compensation paid to states declines to Rs 11,900 crore in Aug-Sept
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 12, 2018
GST compensation paid to states by the Centre has declined to over Rs 11,900 crore during August-September, an official said. The bi-mont...
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...
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