Service Tax

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

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

Panel to take decision within 60 days under tax amnesty scheme; assessee to face action for false declaration: CBIC

The dispute resolution component of the scheme is aimed at liquidating the legacy cases of central excise and service tax that are subsumed in GST and are pending in litigation at various forums.

GST, excise, service tax evasion of Rs 48,555 cr detected during April-December

GST, central excise and service tax evasion detected during the April-December period of the current financial year stood at Rs 48,555 crore, the highest in two years.

Revenue department arrests company director for tax evasion

The company had collected more than Rs 3 crore as service tax from its clients but had not deposited the same with the exchequer, it said in a statement.

Trying to avoid paying GST? GSTN working on data analysis tools to help taxmen check tax evasion

GST Network (GSTN), the company handling the technology backbone for Goods and Services Tax, has over the last 11 months provided a platform for businesses to file their returns and pay taxes every month.

GST department arrests two businessmen in Mumbai for 'duping exchequer of Rs 127 crore by issuing fake invoices'

GST department arrested two persons in Mumbai for allegedly duping the exchequer of Rs 127 crore by issuing fake GST invoices and not paying the service tax

GST: Rates have to be rejigged to reduce burden on small units, will take a year to stabilise, says Hasmukh Adhia

The rejig would require some calculations by the fitment committee, which will decide which items need a rationalisation of rate under the GST regime which kicked in from 1 July

August GST mop-up Rs 90,669 cr; July transitional claims Rs 12,000 cr, not Rs 65,000 cr, says govt

As per the tax sharing formula, the Centre will compensate states for any revenue loss calculated on a base year of 2015-16 and assumed revenue growth of 14 percent.

GST not an easy reform to implement, evoked great public support, says Arun Jaitley

Following the rollout of GST, the number of registrants originally paying taxes like VAT, Excise and Service Tax, which was around Rs 80 lakh, has been growing said Jaitley