The cargo tracking mechanisms employed by different organisations need to be integrated for greater efficiency of the supply chain and better ease of doing business, a working group constituted under the Central Board of Indi
Nearly a year after the National Anti-profiteering Authority (NAA) was set up, it has disposed of only eleven complaints and fined just four companies for paltry sums so far for not passing on the benefits of GST rate cuts or
In a potentially controversial move that could extend the indirect tax department’s ambit to capital transactions and pit it against the income-tax wing, the former could soon ask the Tata Group to shell out some Rs 1,600 c
Twenty one months after the launch of Operation Clean Money (OCM) to find out how much of the demonetised currency that returned to the banking system during the November 9-December 2016 window is tax-compliant, the governmen
While the GST Act lays down the jurisdiction of state and Central tax officials over taxpayers, sources said ambiguity on the issue of initiating enforcement action was holding up progress in several cases where actionable in
GST collections rose marginally to Rs 94,442 crore in September, but with average collections in the first six months of the year at around Rs 96,283 crore compared to the Rs 1,12,316-crore budgeted for FY19, the government c
The roll-out of an e-wallet mechanism for exporters under the goods and services tax (GST) regime may be delayed again beyond the proposed date of October 1, as the required systems are not yet in place, according to trade an
Several taxpayers who have admitted to invalid credit entries in their GST return forms made earlier, and have subsequently corrected their claims continue to receive notices from the tax department asking for interest paymen
A Jaipur-based dealer of Hindustan Unilever (HUL) products has turned out to be the first business in India to have been held guilty of not passing on the benefit of reduced tax incidence to consumers in the foods and service
Income tax rules require the buyer (Walmart) to discharge its tax liability within the first seven days of the subsequent month of closing the deal, which was approved by fair market regulator Competition Commission of India
In an attempt to minimise the harassment faced by taxpayers because of high-pitched or unreasonable assessments made by indirect tax officials, Andhra Pradesh has formed four nodal committees that will examine such grievances
The Bombay High Court has pulled up the income tax department (ITD) saying that its approach to litigation in the higher courts was responsible for consistently losing cases, and that this “could be then termed as a deliber
The roll-out of the new simplified return-filing system for the goods and services tax (GST), which was to kick in from January 2019, may get delayed further and, most probably, beyond the tenure of the current government.
US-based retail giant Walmart is likely to approach the income tax department before September 7 to ascertain its tax liability after it bought 77% stake in Indian e-commerce player Flipkart for $16 billion in May.
A clutch of recent rulings — many mutually contradictory — by the benches of the Authority for Advance Ruling (AAR) on the goods and services tax (GST) has raised questions on the how mature the fledgling state-wise set-u