This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.
The government has slapped a notice of Rs 5 crore demand on trusts run by Ramdev in connection with alleged service tax evasion while organising their yoga camps.
Apart from Modi, Jaggi Vasudev to address 2-day tax officers' conference
CBEC alleges that the company imported semi-knocked down cars but paid duty for completely-knocked down car units.
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The Finance Ministry has asked tax evaders to pay their dues or face necessary action.
Referring to her party's pre-poll alliance with the Samajwadi Party in Uttar Pradesh, she said it was based on "mutual respect" and "honest intentions", adding that "the SP-BSP alliance is perfect enough to defeat the BJP, especially in Uttar Pradesh.
Strict lockdown-like restrictions are already in place in the southern stateand the Pinarayi Vijayan government decided to clamp the complete shutdown in the wake of severe spike in the positive cases.
In Mumbai, 2,275 candidates are in fray for the 227 seats.
Nearly 2.6 crore people in 73 constituencies of western Uttar Pradesh are voting on Saturday in the first of the seven phases of high-stake assembly elections
On Thursday, violent mobs went on the rampage in the Nagaland capital vandalising and setting on fire government offices and vehicles, prompting deployment of five columns of army to bring the situation under control.
Finance Ministry has asked excise and service tax officials to exercise caution while summoning CEOs and top functionaries of large firms or PSUs for probing any revenue cases.
The Central Board of Excise and Customs (CBEC) has started tightening the noose around tax evaders. This year, the department intends to profile banking and financial services, port services and business auxiliary services to pinpoint taxability of various components to enforce compliance. More services will be profiled in subsequent years.
Out of the total of 25,359 complaints received during 2010, the highest of 8,330 were against Railways, 6,520 against banks, 1,836 against petroleum department and 1,572 were against telecom officials.
In 2015-16, more than 94 per cent of income tax returns were filed online and 4.14 crore returns were processed by the Central Processing Centre.
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
He says current arrangement is working fine.
UK-based British Airways has been slapped a service tax notice by the Revenue Department asking it to pay the balance of Rs 143.5 crore (Rs 1.44 billion) liability on sale of tickets in India between May 2006 and November 2007.
Announcing the cabinet decision, Union minister Prakash Javadekar also said the President, the Vice President, Governors of states have also voluntarily decided to take a pay cut as a social responsibility.
Finance Ministry, Assocham on Tuesday sought a taxation friendly environment for the startups
Following the Supreme Court ruling against liquor being sold within 500 metres of state and national highways, the infamous Indian jugaad is in play once again. Veenu Sandhu, Nikita Puri, Ranjita Ganesan & Avishek Rakshit find out how India is coping.
As many as 12,394 complaints of alleged corruption were received against railway employees.
The Central Board of Excise and Customs has put in place a comprehensive mechanism for verification and monitoring of exports made under various duty exemption or reward schemes.
The Centre's revenue from GST registered a decline of 10 per cent in 2017-18 compared to revenue of subsumed taxes in 2016-17.
Kumaraswamy also ruled out any differences among JD-S MLAs over cabinet berths and allocation of portfolios.
Sania Mirza has launched a scathing attack on the country's media, saying a certain sections of it choose to highlight the negative news.
The toll in Mumbai's worst hooch tragedy rose to 102 on Monday with the death of five more victims who consumed spurious liquor in Malad area and another 46 are in hospitals with eight of them struggling to survive serious ill-effects of the killer brew.
'The chief minister has said on the floor of the House that he knows everything (about the criminal-politician mafia).' 'If you know about this nexus, why aren't you acting against them?' 'Ask him why is he so helpless.'
The Department of Revenue Intelligence, Customs and Central Excise have intercepted a container at Cochin, which had arrived from Dubai, suspecting that it is carrying counterfeit currency notes. The owner of the consignment had told the Customs officials that the container had children's diapers and it was brought from China after conducting all clearances, informed sources.
Aditya Thackeray may want Mumbai's shops and restaurants to remain open 24x7 but the Maharashtra government won't be okaying it in a hurry, says Neeta Kolhatkar.
The Income tax department to come down heavily on errant taxpayers from India Inc.
GST is levied on every transaction in the supply of goods and services, barring certain exempted items
Among the three Deputy Chief Ministers are Govind Karjol, who has also been given the charge of PWD and Social welfare; Ashwath Narayan the portfolio of Higher Education, IT & BT, Science and Technology; and Laxman Savadi with Transport department.
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