Steps such as safeguard duty in the works to plug the route
A look at the top tweets from your favourite Bollywood celebrities:
Earlier, while presenting the Budget on February 1, Finance Minister Arun Jaitley had proposed to cap cash transactions at Rs 300,000 with effect from April 1.
The compliance window is proposed to be open from June 1 to September 30, 2016 and the payment can be made within two months of declaration.
Middle class constituted about 49 per cent of the total tax payees in financial year 2011-12
Under the GST regime, most manufactured goods will turn cheaper.
The panel suggested inclusion of alcohol and petroleum products in GST, as is being demanded by the Congress.
Nearly three weeks after Prime Minister Narendra Modi announced junking high denomination 500 and 1000 rupee notes, Finance Minister Arun Jaitley introduced a bill to amend the income tax law.
Other forms of securities such as compulsorily convertible debentures (CCDs), optionally convertible debentures (OCDs) and some derivatives could remain out of the scope of the amendments
The transition to a single, nationwide tax on goods and services will streamline business and boost the economy by tearing down barriers between 31 states and union territories.
Is the curated and limited data put out by the central government sufficient enough to pass a judgement on the trend in GST collections, particularly that of the Centre?
India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds.
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
The Centre is against giving any shock in the first year of the rollout by bringing in new services.
Jaitley assured that both the banking system and the government will make the resources available to them.
There is mutual invoice matching which ensures reason why GST was brought in first place, says Adhia.
Surat -- Gujarat's diamond city and the epicentre of the Patidar quota movement -- is set for a tough assembly poll battle as the Congress has added the face of the Patidar agitation Hardik Patel to its arsenal this time.
Experts of both the countries will meet by mid-September 2016 to further discuss the modalities for the reciprocal bilateral implementation of AEOI between India and Switzerland with a view to reaching an agreement at the earliest, possibly by the end of the year
For the party's traditional vote bank -- traders -- demonetisation was a 'political betrayal.'
The government is going all out to spread awareness about the new indirect tax regime, and training lawmakers is being seen as a necessary first step.
Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
Under the amended treaty with Mauritius, for two years beginning April 1, 2017, capital gains tax will be imposed at 50 per cent of the prevailing domestic rate.
GST rates would depend upon whether the commodity is used by a rich person or a common man
Use of chemical compounds to artificially ripen, colour and increase the shelf life of fruit is rampant in India.
Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.
The ministries and departments, where bureaucrats are parked after being moved out of key positions, reflect the priorities of the government.
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
All the Gujarat cadre officers have one thing in common. They do not need Modi's 'informal interactions' and advice because they are from the so-called 'Modi school of governance.' They know Modi well enough to perform their assigned roles.
It was unclear how bankers were deciding which jewellers to support
'The new generation is looking for performance.' 'They don't want sermons, they don't want allegations, they don't want empty assurances and hollow slogans.'
Fiscal situation better but spending cuts likely in FY16 too.
Not declaring the black money under the scheme now, but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty. In case the disclosure is not made either using the scheme or in return, a further 10 per cent penalty on tax will be levied followed by prosecution.
The Budget chose to stick to an ambitious disinvestment programme for 2016-17.
Senior New Delhi-based journalist R Rajagopalan, who has been closely following the Union Budget preparations since 1977, lifts the veil off India's most secretive operation.
"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."
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