Last week, a Rajya Sabha committee had allocated five hours for discussion on GST.
Non-compliance, underreporting or misreporting will attract a penalty of 50-200 per cent. The authorities may during assessment even tax assets that are 15-20 years old
Series of controversies related to Dalit issues have come at a time when the BJP has launched a massive campaign to win back Uttar Pradesh.
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
In its manifesto for the 2014 Lok Sabha elections, the Bharatiya Janata Party (BJP) had criticised the Congress-led UPA regime for "policy and decision paralysis".
With EU, it is part of the FTA that we will need to negotiate.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
Though the Cabinet reshuffle on July 5 has a clear stamp of the Prime Minister's Office, the changes have also increased the coherence between the Bharatiya Janata Party, the government and the Rashtriya Swayamsevak Sangh.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
Trying to guess Subramanian Swamy's motives or next step has been a rather difficult exercise for decades, says Archis Mohan
Singling out the Congress as the only opponent to the GST, the government hopes to pass the bill after the altered numbers in the Upper House, reports Archis Mohan.
Rajan's departure from the RBI is an end to 'outside interference' in policy making, government insiders feel.
Its current majority of 22,078 votes for the purpose of the presidential elections is considered thin, particularly when BJP might not be able to predict voting behaviour of its allies like Shiv Sena.
On the eve of the Modi government's two years in office, the RSS-linked Bharatiya Mazdoor Sabha leadership met Finance Minister Arun Jaitley. After the meeting, the BMS claimed the FM told its delegation 'the government has realised that labour reforms are not essential for industrial growth in the country.'
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
In touch with the Swiss government under the DTAA mandate
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
The income tax department on Monday released rules for equalisation levy - a tax on online advertisements that would come into effect from June 1.
Two years of Modi's foreign policy can be best remembered for its flip-flops on Pakistan and the PM's blockbuster speeches to delirious non-resident communities and the grand receptions he has received.
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