As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
The disclosures will enjoy immunity from wealth tax, civil and other taxation laws but there will be no immunity from FEMA, PMLA, narcotics and black money laws.
There are about 5.7 crore small entrepreneurs.
It will be headed by Secretary, Department of Financial Services.
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
Deadline ends, after two extensions and only 70% file detailed return for July
Monetary incentives under Skill India to small entrepreneurs, capital infusion into technology fund to help businesses expand operations
As the liquidity crunch reaches crisis levels and getting tax refunds remain a big headache, exporters saw orders fall by 15 per cent till October.
The note guides taxman to avoid seeking voluminous details.
The step had been taken to lend the required 'authenticity' to electronic communications.
635 declarations of illegal wealth were made in the 3-month compliance window.
With this increase, diesel prices have touched a record high while petrol is at a 56-month peak.
So far, 38.38 lakh taxpayers accounting for 64.42 per cent of the total businesses, who had registered in July, filed returns.
Top firms get GST notices on credit claims on Friday; replies sought within hours.
The opposition parties vehemently criticised the new 'one nation, one tax' system having four different rates instead of a single rate adopted in some countries including the UK and Singapore.
Petroleum being out of the goods and services tax initially will create some anomaly as tax credit on some of the inputs to oil industry may not be given, said revenue secretary Hasmukh Adhia.
UK oil explorer Cairn Energy is facing a tax demand of Rs 10,247 crore and Vodafone over acquisition of 67% stake in the mobile business owned by Hutchison Whampoa in 2007
'Whatever happens in any part of the world affects us.'
While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.
The country had imported 5.5 million tonnes of pulses last year.
The previous high in quarterly GDP growth was recorded in the January-March quarter of 2015-16 at 9.3 per cent.
Gross NPA of PSBs at the end of March quarter stood at 5.20 per cent, against 5.63 per cent in December.
India needs $800 billion (Rs 50 lakh crore) annually if the economy is to grow at 7 per cent, Financial Services Secretary Hasmukh Adia said.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
CBI sources said the shell companies were allegedly being used by the suspects to divert loan funds meant for specified purposes, creating fake invoices, and 'round-tripping' of funds to evade taxes and generate black money.
No, it's not Anushka Sharma!
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
Arun Jaitley addressed a post-Budget press conference.
The Finance Ministry has called a meeting of heads of public sector banks to clear stalled projects.
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
In a gross violation of a Supreme Court order, people in several cities burst firecrackers until at least midnight, two hours after the 10 pm deadline. Loud bangs rent the air in New Delhi.
Of the 11,000 kg imported between July 1 and August 9, around 90 per cent was brought in by two business groups which took advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea.
The Pradhan Mantri MUDRA Yojana can lend between Rs 50,000-Rs 10 lakh to small entrepreneurs.
The government is considering a proposal to privatise some state-owned banks in phases.
The previous high GDP growth of 8.1 per cent was recorded in April-June quarter of 2016-17.
Inter-state supply may come under GST composition
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
Group of ministers to review progress every fortnight.
Switzerland will not share details about accounts held prior to September 2018.
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