Centre increases threshold for tax ligitation in tribunals, courts; 29,580 cases could be withdrawn

The move will also reduce the amount locked up in such litigation by Rs 5,600 crore, the government said.

Scroll Staff

· Jul 12, 2018 · 06:19 pm

‘Milk and Mercedes can’t have same tax’: Narendra Modi rules out single rate under GST in interview

He said a total of 48 lakh new enterprises have been registered since July 1 last year, against 66 lakh indirect taxpayers registered since Independence.

Scroll Staff

· Jul 01, 2018 · 03:20 pm

Six finance ministers meet president, seek changes in 15th Finance Commission’s terms of reference

Some of the terms bring significant financial hardship to all states, they told Ram Nath Kovind.

Scroll Staff

· May 18, 2018 · 12:19 pm

GST Council approves simplified system for filing tax returns

The new system is expected to be ready in six months.

Scroll Staff

· May 04, 2018 · 06:35 pm

GST collections exceed Rs 1 lakh crore in April for the first time

Taxpayers usually pay arrears of previous months with their March taxes and that could explain the increase, the government said.

Scroll Staff

· May 01, 2018 · 03:54 pm

Tax department releases new IT return forms for 2018-’19 assessment year

The forms have been simplified, but the process of filing tax returns remains the same, the Central Board of Direct Taxes said.

Scroll Staff

· Apr 06, 2018 · 12:06 pm

High Court seeks replies from GST Council, Centre and state on plea challenging Gujarat GST Act

The petition challenges the constitutional validity of a few sections of the law regulating the new tax system.

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· Mar 23, 2018 · 03:34 pm

GST Council fails to come up with simplified way of filing returns, extends present system

However, Finance Minister Arun Jaitley said that the e-way bill for interstate goods transport would be rolled out from April 1.

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· Mar 10, 2018 · 03:21 pm

Group of state finance ministers proposes rolling out GST e-way bill system from April 1

The proposal will be tabled at the GST Council’s meeting on March 10, Bihar Deputy Chief Minister Sushil Modi said.

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· Feb 25, 2018 · 12:11 pm

Taxpayers won’t be issued demand notice in case of small error in income tax returns: CBDT

The department’s chairperson, Sushil Chandra, said the step was aimed to provide relief to small and salaried class of taxpayers.

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· Feb 06, 2018 · 06:57 pm

Budget 2018-’19: What the government stands to get by levying long-term capital gains tax on equity

The Centre may not want to take risks in an election year, but the benefits could be hard to ignore.

Devangshu Datta

· Jan 27, 2018 · 08:00 am

Supreme Court stays proceedings challenging GST on sanitary napkins in high courts

The bench said it will examine if all the matters pertaining to the case should be heard by the top court itself.

Scroll Staff

· Jan 22, 2018 · 02:57 pm