The Revenue Department today clarified that sale of old jewellery as well as old vehicles by individuals will not attract any GST as the sale is not for furthering any business.
The GST Act includes the provision of setting up an anti-profiteering authority to ensure that companies pass on the benefit of tax reduction to customers.
The revenue department would present a report card on not just the black money disclosed and tax collected thereof but also the ill-gotten wealth seized during searches and raids across the country.
Warning tax evaders, Revenue Department said the relentless crusade against black money will be further intensified in the coming days.
Senior executives from the Asia-Pacific headquarters of Alphabet Inc's Google met Indonesian tax officials on Wednesday to negotiate the internet search company's tax bill, a person with knowledge of the matter told Reuters.
As many as 60,000 revenue officials of central and state governments will be trained on GST laws and IT infrastructure framework to prepare them for the rollout of the new indirect tax regime by April 2017.
Arun Jaitley warns income tax officials of disciplinary actions; calls it an 'act of insubordination'
Taking a serious view on some income tax officials passing a resolution against the Revenue Department, Finance Minister Arun Jaitley on Thursday warned them of disciplinary action, calling it an "act of insubordination."
Maharashtra Revenue Department has directed that all immovable Waqf properties which have been illegally transferred, sold or leased, be taken back and re-registered as Waqf property.
The chief minister said he has given the orders and the department concerned will put up a fresh cabinet note before its next meeting.
Legislative amendment in this regard will be proposed through the Finance Bill, 2016.
The Revenue Department on Sunday notified new ITR or income tax return forms, with details of foreign trips and dormant bank accounts not required to be disclosed, Press Trust of India reported.
Delhi residents will be able to transfer and register properties on general power of attorney (GPA) from next week.<br /><br />
The finance ministry has already sought more clarity on the clauses concerning effective control of the new company.
The team from Thane district, including deputy collector Manoj Ranade, was deputed in Kedarnath to assist pilgrims from the state stranded in the rain-ravaged Uttarakhand and has so far helped out more than 2,500 pilgrims, one of the officials who is part of the team told PTI.
The government plans to collect over Rs 6.68 lakh crore from direct taxes in the current fiscal, up from Rs 5.65 lakh crore in the previous fiscal.
The company was responding to a statement by Revenue Secretary RS Gujral who had said that Vodafone-type deals were taxed in the US, the UK, other OECD countries.