The World Bank, today released the Doing Business (DB) Report, 2018. The Department of Industrial Policy and Promotion (DIPP) is pleased to announce that India ranks 100 among 190 countries assessed by the Doing Business Team. India has leapt 30 ranks over its rank of
No search conducted on premises of Sh. Vishal, President TN Film Producers Council, DGST clarify Clarification on reports by some news agencies that DGSTI conducted search on premises of Sh. Vishal, President TN Film Producers Council. pic.twitter.com/KGH3K34rjG — CBEC (@CBEC_India) October 23, 2017
CBEC to Redistribute Cases in Jurisdictions to Reduce Pendency of Cases With Commissioners (Appeal) In order to clear the pendency of cases as on 30th June 2017 before the Commissioners of Central Excise and Service Tax (Appeals), the CBEC will redistribute the cases pending in
Direct Tax Revenue Collections up to 18th September, 2017 in the current Financial Year 2017-18 rose to Rs. 3.7 lakh crore with a growth of 15.7%.
FM: Income Tax Department takes various initiatives to bring about efficiency, transparency, and fairness in Tax Administration; Government is committed to widen the tax base by encouraging and incentivising the new tax payers; Number of tax payers increased significantly from 4.72 crore in financial
Certain transitional issues arising with respect to payment of service tax after 30th June 2017 have been clarified by CBEC vide circular dated 28-9-2017. It has been clarified that in cases where service was received before 1-7-2017 and payment for the value of the service
Chief Economic Adviser Arvind Subramanian said today the economy is facing multiple headwinds and there is a need to attack them on various fronts.
Finance Minister Arun Jaitley today said the process for Air India disinvestment is moving “quite well” and transaction advisers would be appointed soon.
World Bank President Jim Kim has said India has been growing pretty robustly.
Government says, businesses that want to deregister their brands for availing the benefit of lower GST will have to file an affidavit before the tax commissioner about forgoing the rights.
The Supreme Court directed embattled real estate firm Unitech Residential Resorts Ltd to pay Rs.
Government Proposed New Rules for Voluntary Reporting of Estimated Current Income and Advance Tax Liability
New Delhi: Government Proposed New Rules for Voluntary Reporting of Estimated Current Income and Advance Tax Liability A taxpayer who is liable to discharge part of its tax liability by way of advance tax has to bear additional burden of interest for default of advance
New Delhi: In view of the difficulties faced by taxpayers, date for filing of Income Tax Returns for FY 2016-17 has been extended to 5th August, 2017. The official twitter handle twitted this after various request and user. In view of the difficulties faced by taxpayers,
The government is considering the possibility of extending the July 31 deadline for filing income tax return, a senior bureaucrat in the finance ministry told ET Now. And, if a decision is taken to to extend the July 31 deadline, it is unlikely to be
Due date of service tax return ST-3 for half year Oct- march 2017 has been extended to 30/04/2017
Major Highlights of Union Budget 2017: Download India Budget 2017 Key Highlights 1. Total Budget of ? 21.47 Lakhs crores for 2017-2018. 2. Increase in Direct Tax collection by 34% after demonetisation. 3. Holding period for LTCG for Land & Building reduced to 2 years.
New Delhi: The Department of Consumer Affairs on Monday said that restaurants billing ‘service charges’ in addition to taxes is optional and the consumer has discretion to pay ‘service charge’ or not. Customers dissatisfied with service at any hotel or restaurant can opt to seek that
Service Charge is neither a tax nor it is collected by Government -Ravnit Singh Khurana, Deputy Commissioner GST WING
New Delhi: 03/12/2016 While answering the queries at a radio program(aired on FM rainbow today), Mr Ravnit Singh Khurana, DC said service charge is not a tax and it is not collected by government. He also said that- Service Charge is equivalent to Tip which
New Delhi:- During Budget speech,2016 hon’able finance minister Mr. Arun Jaitley proposed Krishi Kalyan Cess on services. Now from 1 June 2016 it is effective. “I propose to impose a cess called Krishi Kalyan Cess at 0.5 per cent on all taxable services, the proceeds
NEW Delhi: 25/04/2016 After the difficulties faced by service tax payers. Ministry of finance finally announced the extension of due date return for the period of Oct 2015- March 2016 from 25/04/2016 to 29/04/2016. The announcement was made through tweet by the ministry:-
New Delhi: The last date of filing of Service Tax return for half year ended oct 2015 to dec 2016 is on 25/April/2016. However 3 days before the last date ACES server seems to crashing down. This seems due to heavy traffic on the server.