Latest News on Indirect Tax
Showing of 0 - 10 from 90 results
Indirect Tax - Total results - 90
Feb 05, 2019
GST has come as a challenge for CAG as huge numbers are to be worked, says Rajiv MehrishiGST also offers an opportunity as the data is available on a single platform making it possible to do a 100 percent audit.
Feb 01, 2019
Direct tax collection exceeds target in FY19, pegged at Rs 13.80 lakh cr in FY20; mop-up from customs crosses targetAs per the 2019-20 Budget estimates, out of the Rs 13.80 lakh crore direct taxes, the government aims to raise Rs 7.60 lakh crore from corporate tax and Rs 6.20 lakh crore from PIT.
Dec 24, 2018
Arun Jaitley says GST standard rate to be fixed between 12-18% as revenues increase; claims sun setting on 28% slabThe GST Council in its last meeting on Saturday cut rates on 23 items, thereby trimming the 28 percent slab.
Nov 22, 2018
Indirect tax mop-up in current fiscal may fall short by Rs 90,000 cr, says SBI research reportAccording to the Budget Estimate, the government proposed to mop up Rs 7.4 lakh crore from the Goods and Services Tax (GST) and Rs 2.6 lakh crore from Union excise duties.
Nov 21, 2018
Indirect tax evasion of Rs 29,088 cr detected during April-October by investigation arm of finance ministryOf this, the Directorate General of GST Intelligence (DGGI), which is the enforcement agency for checking indirect tax evasion, has detected evasion of goods and services tax (GST) worth Rs 4,562 crore in 571 cases
Oct 22, 2018
Small-scale units dwindling in the wake of GST isn’t a good omen, feather touch taxation will assuage themThe GST scheme seems to have unwittingly left the small-scale units on the wrong side---they have been for the first time made to feel the heat of taxation
Jul 04, 2018
Five structural reforms govt must bring to clear the way for GST bandwagon; tax framework is too control-orientedthe Indian GST compliance framework is designed to act more as a watchdog than as a facilitator of information
Jul 01, 2018
GST anniversary: Piyush Goyal advises consumers to ask for bills to check tax evasion; helpline for complaints in the worksOn completing a year of GST, Piyush Goyal advises consumers to insist on bills for every purchase to check tax evasion and reduce tax rate on each item by as much as 4-5 percent.
Jun 30, 2018
One year of GST: It’s been a bumpy ride for the restaurant industry over the past 12 monthsThe imposition of a restriction on availing of ITC is not in line with the basic underlying objective of GST
Jun 29, 2018
One year of GST: Indirect tax regime is a great success; has led to growth in GDP, says Adi GodrejIndia’s gross domestic product (GDP) grew at 7.7% in the fourth-quarter of the 2017-18 financial year and that was because of GST, believes Adi Godrej