Central Excise

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Central Excise - Total results - 15
Govt expected to receive over Rs 39,500 cr under Sabka Vishwas Scheme; realisation a big booster amid revenue shortfall concerns
Business

Govt expected to receive over Rs 39,500 cr under Sabka Vishwas Scheme; realisation a big booster amid revenue shortfall concerns

The Sabka Vishwas Scheme, which became operational on 1 September 2019, provides a one-time window to eligible persons to declare their tax dues and pay the same in accordance with the provisions.

Large taxpayers yet to take benefits of Sabka Vishwas amnesty scheme; deadline not to be extended beyond 15 January
Business

Large taxpayers yet to take benefits of Sabka Vishwas amnesty scheme; deadline not to be extended beyond 15 January

As many as 87.5 percent of the eligible taxpayers have taken advantage of Sabka Vishwas, a dispute resolution-cum-amnesty scheme

Govt extends last date for Sabka Vishwas scheme till 15 January for settling disputes of service tax, central excise
Business

Govt extends last date for Sabka Vishwas scheme till 15 January for settling disputes of service tax, central excise

The Finance Ministry on Tuesday extended the 'Sabka Vishwas Scheme', a dispute resolution-cum-amnesty scheme for settling pending disputes of service tax and central excise, by 15 days till 15 January

With hundreds of economic offence cases pending for 2 decades, SIT calls for special courts to punish lawbreakers within year
India

With hundreds of economic offence cases pending for 2 decades, SIT calls for special courts to punish lawbreakers within year

While there is a sharp increase of 226 percent in the number of complaints against economic offences, the prosecution of offenders is hit by delays and hundreds of cases have been pending for more than two decades

Denying GST input credit, tax cut benefits: Decoy or actual customers, profiteering charge is difficult to stick
Business

Denying GST input credit, tax cut benefits: Decoy or actual customers, profiteering charge is difficult to stick

Now there are reports that the GST officials are going to fan out to different stores as decoy customers, make a purchase of the product of an FMCG major suspected of profiteering.

GST will make domestic firms more competitive, streamline taxation, says Hasmukh Adhia
Business

GST will make domestic firms more competitive, streamline taxation, says Hasmukh Adhia

Adhia's comments come amid calls from some experts and a section of the industry for deferring the GST roll-out to September-October instead from July 1.

GST Bills passed in Lok Sabha; Parliament may lose powers, warns Congress
Business

GST Bills passed in Lok Sabha; Parliament may lose powers, warns Congress

Replying to the seven-hour-long debate, Finance Minister Arun Jaitley said the GST which will usher in a uniform indirect tax regime in the country and will make commodities "slightly cheaper".

To accelerate economy, much-touted GST reform should be passed
Business

To accelerate economy, much-touted GST reform should be passed

The need of the hour is to accelerate the economy and promote consumption, while paving the way for the much-touting reform of GST.

Finance ministry makes PAN mandatory for service tax registration
Economy

Finance ministry makes PAN mandatory for service tax registration

The registration shall mandatorily require that the PAN number of the proprietor or the legal entity being registered should be quoted in the application except for government departments, it said.

Cross border tax evasion of Rs 9,951 cr detected in last three years
Economy

Cross border tax evasion of Rs 9,951 cr detected in last three years

In the current fiscal through September, 672 cases have been detected and the value of tax evasion was Rs 1,379.57 crore, Finance Minister Arun Jaitley said in a written reply to Lok Sabha.

Central Excise slaps Rs 4.6-crore tax notice on Indian Oil
India

Central Excise slaps Rs 4.6-crore tax notice on Indian Oil

The Directorate General of Central Excise Intelligence (DGCEI) has issued a show cause-cum-demand notice of over Rs 4.6 crore to the nation's largest oil firm Indian Oil Corporation for not paying service tax under the head of a 'goods transport agency'.

Goa mining ban causes Rs 35-cr service tax loss
Economy

Goa mining ban causes Rs 35-cr service tax loss

The ban on iron ore mining in Goa has hit the revenue collection by causing a loss of Rs 35 crore since September 2012, a senior official said on Tuesday.

'Better tax mop up,savings to help improve FY13 fiscal deficit'
Economy

'Better tax mop up,savings to help improve FY13 fiscal deficit'

Better tax realisation and some savings on expenditure may help trim the fiscal deficit to around 5.1 per cent of the GDP for 2012-13, Finance Ministry sources said.

Now, CBEC freezes Kingfisher bank accounts for tax defaults
Business

Now, CBEC freezes Kingfisher bank accounts for tax defaults

The Central Board of Excise and Customs (CBEC) today said that it has frozen the bank accounts of Kingfisher Airlines for its failure to pay service tax arrears.

BUDGET: FM Ignores STPI Extension, Ups MAT
Biztech

BUDGET: FM Ignores STPI Extension, Ups MAT

FM has definitely upset technology companies by ignoring extension of tax benefits under the STPI scheme.