 "image")
What is Indirect Tax
Latest Updates on Indirect Tax
He further said technology and trust are two pillars of the revenue department
This ruling confirms that DRI officers qualify as "proper officers" under Section 28 of the Customs Act, enabling them to issue show-cause notices
Our guiding principle in taxation should be driven by the principle of what works, not what is theoretically the best idea. The good enough should not be made the enemy of the ideal
The outcome of the rate rationalisation discussions will be crucial in shaping the agenda for the upcoming 55th GST Council meeting, expected in November
Finance ministry may declare notices null and void or reduce tax liability
Meeting favours States that declare tourism as infra to facilitate exemptions
An audit system has great advantages over routine tax return verification but requires greater skills
The Gujarat High Court has quashed a show cause notice sent by the GST authorities to a company asking it to pay 18 per cent tax on unfried or uncooked extruded snack pellets
The GSTN's concerns about privacy and security are important and must be respected, but they are not insurmountable
In terms of sectors, online money gaming was followed by the BFSI sector, which saw Rs 18,961 crore evaded in 171 cases
As the IT system became more scalable, it not only led to better compliance but also made CBIC future-ready and resilient
This comes in the backdrop of a fresh special drive being undertaken by both Central and State authorities to identify and weed out fake registrations
The share of Customs duty in India's gross tax receipts has more than halved in the past decade
It will give an impetus to factor market reforms, which are essential to drive India's growth
The panel is working on two options to keep prices of essential goods in check
While the GST amnesty scheme is a positive step towards improving taxpayer relations, its current form falls short of its potential
Since indirect tax figures are not being released, we are treating GST data in the same manner, he says
The Budget has taken up several welcome measures for their benefit and overall trade facilitation
Income tax changes in Budget 2024: On the personal income-tax front, the tax slab rates have been rationalised only under the new tax regime
One of the key aspects under GST is that tax should only be on the 'value addition'. Also, the legacy issue of 'tax on tax' will be eliminated