According to industry estimates, in four months since July when GST came into effect, “about Rs 40,000-50,000 crore” has been pending with the government in the form of GST refunds
GST rate structure needs to be modified, says revenue secretary Hasmukh Adhia; one year needed to stabilise system
Some rejig in GST rate structure is required to reduce the burden on small and medium businesses, revenue secretary Hasmukh Adhia said.
The Committee on Exports, chaired by Revenue Secretary Hasmukh Adhia, on Tuesday met 8 export promotion associations to understand their concerns post the implementation Goods and Services Tax (GST) from 1 July
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.
There is a pressing need for political parties to approach the GST roll-out in a constructive manner, rather than fighting it out in the street
Already, the graph of employment generation under the Narendra Modi government is on the declining course; the economy may not be able to take another round of job losses
Revenue Secretary Hasmukh Adhia said the notion that assessees will have to file three returns every month is unfounded and retailers or B2C dealers need not give invoice wise details every month
Of the 80.91 lakh excise, service tax and VAT assessees, 65.6 lakh, or 81 percent, have already migrated to the GSTN portal
In a letter to the presidents of various political parties, Jaitley thanked them for their cooperation and contribution in making the GST a reality
The scheme was launched in December last year to enable people with black money to come clean by paying tax and penalty of 50 percent
Adhia said a decision on the rates of foodgrains, especially wheat and rice, would be taken at the 3 June meeting
The amount to be raised through cess on coal as well as luxury items and sin goods will be used for compensating states for revenue shortfall
India's EDB ranking is the lowest of all countries rated in the BBB categoryian
Milk and cereals will be among the exempted category, Revenue secretary Hasmukh Adhia said
The revised estimates (RE) provided in Budget on 1 February had projected tax collections of Rs 16.97 lakh crore.
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
People with annual income of over Rs 50 lakh will have to disclose the acquisition cost of all the assets like land, building and jewellery in the Income Tax return forms for assessment year 2016-17.
India is set to take a definitive "lead role" in combating money laundering and drug trafficking by establishing a regional platform for Saarc nations