GST rollout: Revenue Secretary Hasmukh Adhia says regime will bring transparency, benefit honest taxpayers
GST will not alter the prices of essentials and daily use items like salt and soaps as they have either been exempt or tax on them has been kept at the current level
The CBEC has got government approval to reorganise the existing Central Excise and Service Tax field formations according to the requirements of the pan-India GST regime
A small-scale manufacturing company with operations in only one state will have to file a minimum of 37 returns instead of the current 13 once the goods and services tax (GST) goes live from 1 July.
The Central Board of Excise and Customs (CBEC) in advertisements in leading dailies gave pictorial representations of items which are exempt from Goods and Services Tax and the ones which would attract lower tax of 5 percent.
The government has sought comments from industry on the 4 set of new rules on -- GST Composition, GST Valuation, GST Transition and GST ITC.
Apart from the tax rates, there will also be a cess on top of it, which will form the corpus to compensate the states for any revenue loss for the first five years of implementation of GST.
The associations said they believe in Constitutional methods of protests only to make their voices heard and to draw the attention of decision makers.
Senior bureaucrat Praveen Mahajan on Thursday became the first woman President of the All India Tennis Association, replacing veteran administrator Anil Khanna who was forced to quit by the Sports Ministry.
Downloading foreign content from services like Netflix, Apple and Amazon Kindle will attract a 15 percent tax.
On Tuesday Uttarakhand Commercial Tax Service Association opposed the GST council's decision to keep the states out of the tax administration process under IGST, saying it went against the principle of fiscal federalism by narrowing down the role of states and their dealer base.
G S Srivastava, Chairman, SGI Commex, who won won the auction at a price of Rs 27.39 crore, plans to utilise the aircraft to promote exotic art work ingrained in various temples and religious places across the country
As per the detailed GST rollout roadmap prepared by Revenue Secretary Hasmukh Adhia, the IT infrastructure framework will be ready by March 2017 and a massive outreach and industry sensitisation programme will also be carried out
After the training on GST laws gets complete by December 2016, GSTN will train them on the related IT infrastructure by March 2017
Bollywood production houses like Yash Raj Films and actors like Aamir Khan and Ranveer Singh have received CBEC notices seeking information about their income.
India has exported 1.6 million tonnes of sugar so far in the 2015-16 marketing year
Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government — CBDT and CBEC — during a first-of-its-kind 'Rajasva Gyan Sangam' on 16 June.
Ahead of the Budget 2016-17, Finance Minister Arun Jaitley today said the government is looking into the recommendations of Parthasarathi Shome committee for simplifying tax administration.
If the government would not have raised these duties, consumer price of petrol and diesel should have been lower by Rs 10.77 a litre and Rs 11.80 per litre, respectively.
The government will make efforts to keep fiscal deficit within the targeted limit even as investments remain a challenge, Finance Minister Arun Jaitley said today.