Limited IT staff may compel them to focus on big fish than small depositors.
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
With a staff crunch, it seems the I-T department would now target only the big fish rather than go after small assessees.
'Day by day, the queues will shorten.'
Information gathered from a person's social media account will be matched with his or her declared income.
The Centre is likely to introduce the Central GST and integrated GST bills in late November or early December in the ongoing session in the form of money Bills.
Amid persistent fear of prosecution and penalty, people across income classes are looking for ways to do away with stacks of higher denomination currency.
While the government's demonetisation move is aimed at curbing under-invoicing, the worry was that retailers would de-stock in the short term, impacting sales.
The government will assess how cash deposits after the demonetisation could be brought under the tax net, says Revenue Secretary Hasmukh Adhia.
"At present, there are two main rate slabs under which sa majority of goods are covered -- five per cent and 12.5 per cent -- which will now increase to three (five per cent, 12 per cent and 18 per cent).Will this result in multiple litigations is anybody's guess."
According to a source close to the development, the government is set to come out with a notification in this regard by the end of this week.
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
Government considering proposal to allow conversion of used cooking oil into biodiesel, say Shine Jacob and Shreya Jai.
Dharmendra Pradhan lays bare the next course of action for his ministry and says RIL will have to pay the same price at which it produced the volumes.
'GST gives a huge relief to small businesses of India and West Bengal.'
The scheme would cover incidents like robbery and dacoity.
A comparison shows that for Delhi to Mumbai air travel, the lowest airfare price is in the range of Rs 2,755, while the surged price for second-AC comes at Rs 4,104, a 42 per cent increase from the current train fares
Assets worth only Rs 4,000 cr declared till mid-August; govt expects pick-up in last 2 weeks
The committee said whatever benefit RIL received in terms of the migrated gas is liable to be returned to the government.
A railway official said the Talgo run was only a trial and, in case of launch of commercial services, clearance from CRS would be taken
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