Taxation In-india

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Taxation In-india - Total results - 7
Government will celebrate 1 July as GST Day to mark first anniversary of new indirect tax regime
Business

Government will celebrate 1 July as GST Day to mark first anniversary of new indirect tax regime

Goods and Services Tax (GST) was rolled out in the intervening night of 30 June and 1 July, last year, in a ceremony held in the Central Hall of Parliament.

Demonetisation: Money deposited in banks has lost its earlier anonymity says Finance minister Arun Jaitley
India

Demonetisation: Money deposited in banks has lost its earlier anonymity says Finance minister Arun Jaitley

Describing the currency being deposited in banks following last month's demonetisation of high-value notes as money that has lost its earlier "anonymity", Finance Minister Arun Jaitley on Sunday said these funds now available with the banks have strengthened the Indian banking system.

Draft GAAR guidelines would reduce uncertainty, say experts
Business

Draft GAAR guidelines would reduce uncertainty, say experts

The draft guidelines on General Anti Avoidance Rules (GAAR) issued last week would bring about clarity in the controversial provisions aimed at checking tax evasion and misuse of tax treaties, industry and experts have said.

FM finally gives in, to meet protesting jewellers tomorrow
Economy

FM finally gives in, to meet protesting jewellers tomorrow

The industry is estimated to have lost over Rs 15,000 crore since the strike began on March 16. Political parties, including some Congress MPs, have also petitioned the finance minister to review the proposal.

19,000 crore service tax, control excise duty frauds in 2008-11: CAG
Economy

19,000 crore service tax, control excise duty frauds in 2008-11: CAG

In service tax, the CAG observed the department raised a demand of Rs 9,905.84 crore and recovered only Rs 2,706 crore.

Raised service tax to avoid cascading effect of GST: FM
Economy

Raised service tax to avoid cascading effect of GST: FM

Pranab Mukherjee today said raising service tax was necessary to ensure smooth transition towards the implementation of an all-encompassing Goods and Service Tax.

Budget 2012: FM hopeful to meet indirect tax collection target
Budget

Budget 2012: FM hopeful to meet indirect tax collection target

The excise collection jumped 6.8 percent to Rs 1.17 lakh crore.The total mop up from customs duty rose 12.7 percent to Rs 1.24 lakh crore during the 10-month period.