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GST mess: Two-and-half years on, much-hyped indirect tax reform needs a major overhaul; govt should launch three-slab structure
Business

GST mess: Two-and-half years on, much-hyped indirect tax reform needs a major overhaul; govt should launch three-slab structure

The GST Act mandates that the states should be given compensation for revenue shortfall of below 14 percent growth for the first five years of the GST roll-out.

Over 17,500 tax evaders in net as I-T authorities launch massive crackdown after roll-out of GST
Business

Over 17,500 tax evaders in net as I-T authorities launch massive crackdown after roll-out of GST

Uttar Pradesh emerged as the top state with maximum number, more than 50 percent of total figure, of tax evaders under the GST regime.

Income taxpayer base widens to 6.26 cr as of 2016-17, a huge jump, claims CBDT head
Business

Income taxpayer base widens to 6.26 cr as of 2016-17, a huge jump, claims CBDT head

Post-demonetisation, the department has taken a host of measures to increase tax base and the statement of financial transaction (SFT) report filed by banks shows widening of taxpayer base.