Revenue Secretary-hasmukh-adhia

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Revenue Secretary-hasmukh-adhia - Total results - 19
Foreign Trade Policy mid-term review: Exporters heave a sigh of relief; now for quicker GST refunds
Business

Foreign Trade Policy mid-term review: Exporters heave a sigh of relief; now for quicker GST refunds

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
Business

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.

Fast-track GST refund, else Rs 65,000 cr may be stuck: Exporters
Business

Fast-track GST refund, else Rs 65,000 cr may be stuck: Exporters

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

No GST on sale of old gold jewellery, cars by individuals, clarifies govt
Business

No GST on sale of old gold jewellery, cars by individuals, clarifies govt

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.

GST is only one reform; Narendra Modi should cut the hype and follow up with more steps
Business

GST is only one reform; Narendra Modi should cut the hype and follow up with more steps

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

GST: Midnight show is great, but how about rehearsing to face job losses?
Business

GST: Midnight show is great, but how about rehearsing to face job losses?

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

GST from 1 July: Retailers need to file single return every month, says Hasmukh Adhia
Business

GST from 1 July: Retailers need to file single return every month, says Hasmukh Adhia

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

GST rollout: 'Don't rush for GSTIN, provisional ID will suffice initially', says Hasmukh Adhia
Business

GST rollout: 'Don't rush for GSTIN, provisional ID will suffice initially', says Hasmukh Adhia

Of the 80.91 lakh excise, service tax and VAT assessees, 65.6 lakh, or 81 percent, have already migrated to the GSTN portal

GST: Arun Jaitley seeks support from MPs/MLAs to create awareness of new indirect tax regime
Business

GST: Arun Jaitley seeks support from MPs/MLAs to create awareness of new indirect tax regime

In a letter to the presidents of various political parties, Jaitley thanked them for their cooperation and contribution in making the GST a reality

Black money: Response to PMGKY 'not so good', only Rs 5,000 cr declared, says govt
Business

Black money: Response to PMGKY 'not so good', only Rs 5,000 cr declared, says govt

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

GST: Hasmukh Adhia says not ruling out rationalisation of tax rates
Business

GST: Hasmukh Adhia says not ruling out rationalisation of tax rates

Adhia said a decision on the rates of foodgrains, especially wheat and rice, would be taken at the 3 June meeting

GST rollout: Cess to yield Rs 55,000 cr in first 9 months; coal to be top contributor
Business

GST rollout: Cess to yield Rs 55,000 cr in first 9 months; coal to be top contributor

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

GST may not raise revenues 'significantly' in next few years: Fitch Ratings
Business

GST may not raise revenues 'significantly' in next few years: Fitch Ratings

India's EDB ranking is the lowest of all countries rated in the BBB categoryian

GST Council Srinagar meet: Sugar, tea, coffee and edible oil in 5% tax bracket
Business

GST Council Srinagar meet: Sugar, tea, coffee and edible oil in 5% tax bracket

Milk and cereals will be among the exempted category, Revenue secretary Hasmukh Adhia said

Govt's FY17 tax collection at Rs 17.10 lakh cr exceeds estimates; PMGKY garners Rs 2,300 cr
Business

Govt's FY17 tax collection at Rs 17.10 lakh cr exceeds estimates; PMGKY garners Rs 2,300 cr

The revised estimates (RE) provided in Budget on 1 February had projected tax collections of Rs 16.97 lakh crore.

GST rollout: From training staff to preparing a money Bill, here's how govt is readying
Business

GST rollout: From training staff to preparing a money Bill, here's how govt is readying

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

60k officers to be trained on GST; IT infra to be ready by March
Business

60k officers to be trained on GST; IT infra to be ready by March

After the training on GST laws gets complete by December 2016, GSTN will train them on the related IT infrastructure by March 2017

Ultra-rich must declare cost price of expensive assets: CBDT
Business

Ultra-rich must declare cost price of expensive assets: CBDT

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 to set up Saarc centre to combat drug abuse menace: Revenue Secretary Hasmukh Adhia
Life

India to set up Saarc centre to combat drug abuse menace: Revenue Secretary Hasmukh Adhia

India is set to take a definitive "lead role" in combating money laundering and drug trafficking by establishing a regional platform for Saarc nations