The goods and services tax (GST) introduced to track the trail of transaction has in fact increased illegal activities in terms of billing by multiple times. ‘Bill selling’, a …
After one fiscal year into the implementation of the GST, it is worth asking how it has performed in terms of revenue generation, both for the country and for …
Terming her 15-month term as challenging, Central Board of Indirect Taxes and Customs (CBIC) Chairman Vanaja N Sarna, who retires on June 30, says that at least 70-80 per …
A peak tax rate of 28 per cent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely to be the tax …
With close to 70% of the 1.1 crore businesses registered for the goods and services tax (GST) filing the returns by the deadline, the compliance level is now satisfactory, …
The Directorate General of GST (Goods and Services Tax) Intelligence (DGGI) has detected Rs 672.51 crore worth of tax evasion in 46 cases, in which Rs 15.31 crore were …
Goods and Services Tax (GST) sleuths conducted surprise checks on goods carriers at Shamirpet area on Tuesday and booked 20 cases for E-way bill violations. As part of the E-way system …
Despite adverse impact on GST implementation, India saw a 20 per cent increase in both the number of dollar millionaires and their wealth in 2017 to emerge as the fastest growing …
Closer to first anniversary of GST, the government on Monday said the new indirect tax regime has added more jobs in formal sector and widened taxpayer base. It noted …
Left with few options to tackle the crude price hike impact on the economy, the finance ministry may ask the political leadership to persuade the 21 BJP-ruled states to …
