Slammed the Centre for trying to shield black money holders, the Apex court has said that the list must be revealed by Wednesday.
This marked an increase from 2,63,000 at the end of 2013
The SIT was created by Supreme Court and notified by the government last year to curb black money.
Swiss police in February searched HSBC offices in Geneva as part of its probe.
The broad trends of GST collections will make you wonder if indeed the biggest indirect tax reform in the country has led to a real improvement in revenues, notes A K Bhattacharya.
As Deveshwar announces his decision to step down, he has a rich legacy to leave behind.
GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess.
No mention of cab aggregators in GST bills
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
A Delhi court on Friday sent former Delhi deputy chief minister Manish Sisodia, arrested in a money laundering case related to the excise policy, to the Enforcement Directorate's custody till March 17.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
While people have paid the price for the disruption it caused, now is the time to reap its benefits, says T N Ninan.
Companies were consulting law firms and consultants to understand the Bill.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
The Enforcement Directorate on Monday arrested Delhi minister Satyendar Jain in connection with a money laundering case, officials said.
The e-invoicing system will be rolled out in a phased manner from January 1 on a voluntary and trial basis, beginning with firms with a turnover of Rs 500 crore, while businesses with a turnover of Rs 100 crore or more will be required to do it from February 1.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
Harry Redknapp resigned as manager of struggling Queens Park Rangers.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 14-year-high of 3.83 billion Swiss francs (over Rs 30,500 crore) in 2021 on a sharp surge in holdings via securities and similar instruments while customer deposits rose as well, annual data from Switzerland's central bank showed on Thursday.
GST rates would depend upon whether the commodity is used by a rich person or a common man
The allegations of DDT evasion is connected to some transactions the Indian entity has made while buying shares of the company from the Mauritius and US companies of Cognizant.
A proposal for creation of seven Customs Overseas Intelligence Network units is pending with the Ministry of External Affairs.
Changes in I-T rules kick in today; to help govt track taxpayers' income, reports Dilasha Seth.
India's GST collection remained above Rs 1 lakh crore for the third month in a row at over Rs 1.17 lakh crore in September, raising expectations that second half of the year will post higher revenues. The tax collections in September on goods sold and services rendered was 23 per cent higher than Rs 95,480 crore collected in September 2020, and 27 per cent higher than Rs 91,916 crore collected in September 2019. The collection in September is the highest in five months since April, when revenue was at record high of Rs 1.41 lakh crore.
GST collections in March touched a record high of over Rs 1.23 lakh crore, a 27 per cent growth over the year-ago period, the Finance Ministry said on Thursday. "GST revenues crossed above Rs 1 lakh crore mark at a stretch for the last six months and a steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic," the ministry said. Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, income tax and customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue over last few months, it added.
The UIDAI said rumour mongers attempted to tarnish the image of Aadhaar for a Google's inadvertent act that led to appearance of its old helpline number 1800 300 1947 in the contact list of several mobile phone users.
It is mystifying how the NSE, a near-monopoly, gets protection, as the February 24 episode shows, when it is competition and accountability that should be the regulatory objective, says Debashis Basu.
Terming Prime Minister Narendra Modi's decision to demonetise high value currency notes as "startling and bold", Chinese official media has said it is "far from enough" and India may "look at ideas" from China's crackdown against corruption which has shown "efficiency".
The Council also discussed process to make return filing simpler with just one return to be filed every month.
There are still bumps in the road ahead for Swiss banks.
The 24-year old central midfielder, who has made three international appearances for Macedonia, failed the test after Dinamo's 2-1 home win over Arsenal in their Group F opener on September 16. The Ademi ban was a second blow for Dinamo in quick succession after the club's chief executive Zdravko Mamic was arrested on Wednesday for player transfer irregularities.
Formula One chief executive Bernie Ecclestone goes on trial for bribery in Germany this week in a case that threatens to end the Briton's long reign as the commercial boss of the motor sport.
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