Central Board of Indirect Taxes and Customs said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance.
'As he goes down, he will almost certainly drag a few others down with him.' 'Once the mutual mudslinging has died down, collateral damage will probably include more bankers than politicians, given the nature of how things work in India,' says T N Ninan.
Adani Group is exploring legal options after being slapped with a Rs 5,500-crore tax notice, allegedly for overvaluing imported equipment, by the Mumbai wing of the Directorate of Revenue Intelligence.
A day after Maharashtra Chief Minister Devendra Fadnavis said the talks with Shiv Sena over power sharing were 70-80 per cent complete, a senior Sena leader on Tuesday said both the parties have "buried" their differences and agreed on a "suitable" formula.
Sustained growth only if domestic manufacturing rises
Diesel rates were cut by 40 paisa to Rs 68.89 a litre. With this, the reduction in rates in last six weeks totals Rs 9.26 per litre on petrol and Rs 7.2 per litre on diesel.
The Directorate of Revenue Intelligence (DRI) has slapped a Rs 5,500-crore show-cause notice on Adani group for alleged over-valuation of capital equipment imports.
The passage of the bill will pave the way for setting up of a GST council that will decide the tax rate, cess and surcharges.
He slammed those trying to stall passage of the Bill in Parliament saying they were attempting to 'stop progress of the country
The Bill was introduced in the Lok Sabha in December.
'He failed to foresee that the campaign of hatred need not be continuous; a sporadic, scattered campaign is enough.' 'What was important is to keep the pot boiling, not let it overflow like happened during the masjid-mandir days,' notes Saisuresh Sivaswamy.
This dumping ground should be closed down and some strategy must be found out (to resolve the issue). Only talking of Swachch Bharat and doing Swachch Bharat are two different things. It is a sad affair," he said.
After Mumbai Police commissioner issued the directive, the police commissioners of Thane and Navi Mumbai followed suit citing concerns of 'serious crimes' and 'law and order disruptions'.
United Breweries says sales could fall by 40% following court ban.
'The stimulus packages, sector reliefs, loans etc are coming to industry, but state governments have not got any money from GST, no money from excise, no money from any income source.'
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.
The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
The government on Wednesday put on hold a hike in LPG prices in states including Karnataka, Madhya Pradesh and Kerala, where an increase in local levies had led to a rise in fuel rates.
Liquor sales will obviously be hit. So, will real estate prices at what used to be prime locations, close to major thoroughfares. Food and snack sales close to highways will also, in all probability, be affected.
Rama Krishna Sangu, partner, Manohar Chowdhry & Associates, Chartered Accountants, and a member of the Indirect Tax Committee of ICAI, fielded readers' questions on GST on Rediff Chat.
Four decades of federal evolution made India more secure, but coronavirus is reversing that. Modi's central government has tasted power again and is unlikely to give it up, notes Shekhar Gupta.
The present tax revenue of the state is Rs 120,000 crore.
This could be the reason why Prime Minister Narendra Modi mentioned tomato, onion, and potato as his government's 'TOP' priority, in an election rally on February 5 in poll-bound Karnataka.
Only after its recommendations will the central GST, integrated GST and state GST Bills be taken up
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.
In Mumbai, 2,275 candidates are in fray for the 227 seats.
Domestic wineries have moved from creating predominantly sweet wines in their initial years to drier, complex blends now. They also seem to be investing more in wine tourism.
State after state has imposed an alcohol ban, and has had to retreat, unable to address the financial and administrative fallout. Are we set for more of this cycle, asks Aditi Phadnis.
Bombay High Court view opposed to this was wrong.
Raise a toast to good health with wine. But this time let's go for the Indian ones.
The company announced on July 11 that it would stop production at its automotive plants for a period ranging from 1 to 8 days during the remaining period of the month.
'Sonia Gandhi can't rejuvenate the party, her heir is fodder for stand-up comedians, and nobody in the Congress has the guts to question the Nehru-Gandhis.'
Despite the indisputable facts demonetisation and its pain is yet to have a quantifiable political backlash. But this is provided the government can limit the damage to the next one week.
States' demand for 5 years and Constitutional provision ruled out
The Civil Services of India continue to be a prestigious avenue for all those dreaming of 'making it'. Here's how you can be an IAS/ IPS officer.
Maharashtra Chief Minister Devendra Fadnavis on Saturday allocated portfolios to the twenty-member council of ministers, including 10 of the Shiv Sena, who were inducted into his expanded cabinet.
Indian economy about to take-off
Sharma says efforts on to bring dissenting ministries on board eBiz platform.
