Clipped from: https://www.thehindubusinessline.com/opinion/faceless-assessment-will-upgrade-customs/article32153015.ece Interface for virutal examination – Getty Images/iStockphoto Interface for virutal examination – Getty Images/iStockphoto× It will do away with rent-seeking and bring in
Category: GST
Compute tax demand for all assessees by Aug 31, dispose of pending appeals: CBDT chief to taxmen – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/compute-tax-demand-for-all-assessees-by-aug-31-dispose-of-pending-appeals-cbdt-chief-to-taxmen/article32252080.ece With tepid collections proving to be a challenge in meeting tax revenue goals, CBDT Chairman P C Mody has set monthly targets for
GST relief: Interest only on net cash liability from July 1, 2017 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-relief-interest-only-on-net-cash-liability-from-july-1-2017/article32666128.ece Will not include cases where show-cause notice was issued for payment on gross basis The Central Board of Indirect Taxes and Custom (CBIC)
CBIC to review performance of lawyers on monthly basis – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cbic-to-review-performance-of-lawyers-on-monthly-basis/article32754100.ece To ensure interests of revenue authorities are effectively represented before HCs The Central Board of Indirect Taxes and Customs (CBIC) has decided to
CBIC effects policy shift regarding show cause notice on Customs-related matters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/cbic-effects-policy-shift-regarding-show-cause-notice-on-customs-related-matters/article34099258.ece Only Jurisdictional Commissionerate will issue such notices, not the DRI In a major policy shift, the Central Board of Indirect Taxes and Customs
GST cut needed to make the scrappage policy work – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gst-cut-needed-to-make-the-scrappage-policy-work/2216408/ Given the impact on the environment, both the Centre & states must help encourage users to scrap their vehicles Gadkari has said that
Solar project companies queue up to cash in on pre-duty benefits | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/solar-project-companies-queue-up-to-cash-in-on-pre-duty-benefits-121032501459_1.html For a project bid in March, import of panels would take place between June and July 2021 Sector analysts expect basic Customs duty
Petro products under GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/petro-products-under-gst/article34163219.ece Will Opposition-ruled States take the bait? There is no Constitutional or any other legal bar on bringing petroleum products under the Goods and
Selling eatables eligible for ITC under GST regime – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/selling-eatables-eligible-for-itc-under-gst-regime/article34163181.ece However, credit can’t be availed if eatables are sold and served, rules AAR Selling sweets and eatables is one thing and providing facility
Taxation process and its soft targets – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/taxation-process-and-its-soft-targets/2220504/ For India to move from tax terrorism to tax transparency, the government needs to look at taxation and punitive actions from a business
Lending based on GST data improves MSMEs’ access to credit: Vayana Network – The Financial Express
lipped from: https://www.financialexpress.com/economy/lending-based-on-gst-data-improves-msmes-access-to-credit-vayana-network/2220474/ Vayana has till date enabled $6 billion in trade finance for 300 supply chains in 25 different industries and processed 1.7 million transactions.
Why drive up input tax costs? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/why-drive-up-input-tax-costs/2219644/ Significant curtailment of Form C benefits to adversely impact several important sectors Needless to say, all such businesses will be forced to consider
CAG calls for improved handling of indirect tax cases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cag-calls-for-improved-handling-of-indirect-tax-cases/article34152331.ece Comptroller and Auditor General (CAG) has recommended a full overhaul of the system of issuing show cause notices in Central Board of Indirect
GST technical glitches behind input tax credit frauds: CAG report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-technical-glitches-behind-input-tax-credit-frauds-cag-report-121032401741_1.html CAG recommended fixing a definite time frame for rolling out simplified GST return forms The GST returns system is still a work in
gst: CAG for setting up of time-frame for roll out of simplified GST return forms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/cag-for-setting-up-of-time-frame-for-roll-out-of-simplified-gst-return-forms/articleshow/81675662.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The GST return system is still a work in progress despite more than three years of GST rollout, CAG audit report presented in
Notice-pay received from outgoing employee is subject to GST, holds AAR – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/notice-pay-received-from-outgoing-employee-is-subject-to-gst-holds-aar/articleshow/80281821.cms MUMBAI: Contracts with employees provide for furnishing a notice period, which typically ranges between one to three months.Many companies permit an employee to
Petrol, diesel under GST? Not possible for next 8-10 years, says Sushil Modi–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/petrol-diesel-under-gst-not-possible-for-next-8-10-years-says-sushil-modi/story/434768.html Speaking in Rajya Sabha while participating in a discussion on the Finance Bill 2021, Modi told the lower house of Parliament that the
Success of PLI scheme depends on how well Apple’s India plans shape up | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/success-of-pli-scheme-depends-on-how-well-apple-s-india-plans-shape-up-121032301454_1.html India is to be Apple’s second significant global hub The crucial issue is the government’s restrictions on Chinese foreign direct investment, which could
Property taxation: Both untapped and unrealised – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/property-taxation-both-untapped-and-unrealised/2218867/ Property tax collection as a proportion of GDP is 1.1% in the OECD, but only 0.2% in India At the same time, state
Nirmala Sitharaman tweaks tax provisions for EPF contributions, says ready to discuss GST on fuel if States want it – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/nirmala-sitharaman-tweaks-tax-provisions-for-epf-contributions-says-ready-to-discuss-gst-on-fuel-if-states-want-it/article34144375.ece?homepage=true EPF cap raised to ₹5 lakh if there is no contribution by the employer. The Centre is ready to consider bringing fuel under
