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Supreme Court slaps fine of ₹10 lakh on Income Tax Department
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Aug 30, 2018
The Supreme Court has imposed costs of ₹ 10 lakh on the Income Tax Department for adopting a casual attitude towards a case and making a ...
Kerala’s move to levy GST cess will need attorney general’s nod
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Aug 30, 2018
Federal indirect tax body, the Goodsand Services Tax (GST) Council, will decide on Kerala government’s move to levy a cess on the state’s...
Courts foresee deluge of suits for two-way GST in real estate
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Aug 30, 2018
Uncertainty about the applicability of the goods and services tax on joint development agreements, an increasingly popular form of proper...
Government to vet GST, income tax and transfer pricing filings to find leakage
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Aug 30, 2018
The government is planning to compare data filed by companies with different departments to detect discrepancies and check whether ther...
Income-tax scrutiny all set to go electronic
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Aug 28, 2018
The Central Board of Direct Taxes (CBDT) has mandated ‘e-proceeding’ for all income-tax scrutiny in 2018-19. It has also specified se...
National Anti-profiteering Authority starts consumer helpline to file GST related complaints
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Aug 28, 2018
The National Anti-profiteering Authority (NAA) has started a helpline to encourage consumers to file complaints against the companies tha...
GST Council yet to receive formal cess proposal from flood-hit Kerala
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Aug 27, 2018
The Goods and Services Tax (GST) Council is yet to get a formal proposal from the government of Kerala for a cess to fund post-flood reha...
Now no questions can be asked about GST on Twitter
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Aug 25, 2018
This is the end of Twitter as far as the goods and services tax (GST) is concerned. The indirect tax authorities will no longer answer ...
Banks want to tap database of I-T, GST departments
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Aug 25, 2018
To guard against a further increase in bad loans, banks are planning to dig deeper when it comes to loan appraisals by tapping the...
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