Diaspora | Indo-Asian News Service | Wednesday October 15, 2014
Four Indian nationals in Singapore were on Wednesday given jail terms ranging between three and four years for fraudulent Goods and Services Tax (GST) tourist refund claims of about $5,70,000.
Indo-Asian News Service | Monday October 13, 2014
The new email system is for "secure communication within the department and will ensure that no confidential information or data is stolen".
Wednesday October 1, 2014
DLF, India's largest realty firm, on Tuesday said it has not received any findings from authorities on alleged service tax evasion of about Rs 30 crore.
Sunday September 28, 2014
A case against DLF has been registered by the Directorate General of Central Excise Intelligence (DGCEI) for alleged non -payment of service tax over transfer of development rights to other firms, official sources said.
Diaspora | Press Trust of India | Thursday September 25, 2014
Four Indians in Singapore were charged in court today for bribing a custom officer and fraudulently claiming Goods and Services Tax tourist refunds.
India | Indo-Asian News Service | Sunday September 21, 2014
In a major step that will aid India track and recover black money stashed abroad, G20 finance ministers on Sunday agreed on allowing automatic sharing of all bank information with tax authorities at the end of each year, starting 2017.
Saturday September 20, 2014
The Goods and Services Tax (GST) regime aims at subsuming most of the indirect taxes at the central as well as state level. The UPA government in 2011 introduced a Constitution Amendment Bill in the Lok Sabha to pave the way for introduction of GST.
Cities | Indo-Asian News Service | Tuesday September 16, 2014
Villagers living along the Delhi-Gurgaon expressway on Monday regained their right to get exemption from paying toll tax for commercial vehicles as the authorities have opened special lanes dedicated to the locals.
South | Indo-Asian News Service | Monday August 25, 2014
Tamil Nadu Chief Minister J Jayalalithaa has urged the central government to decide on area-based tax incentives to Andhra Pradesh and Telangana in a way that would not render neighbouring states uncompetitive for investments.
Agence France-Presse | Wednesday August 20, 2014
Authorities are concerned that Uber's service will undercut the current market for taxis and that the company may evade tax if not registered legally.
Tuesday August 12, 2014
The Finance Ministry today said discussions with the state governments on Goods and Service Tax (GST) are in the final stages and its implementation will help improve transparency and efficiency.
India | Indo-Asian News Service | Friday July 25, 2014
Finance Minister Arun Jaitley on Friday said Prime Minister Narendra Modi's government was moving fast on bringing back the ill-gotten money stashed away by Indians in tax havens abroad.
Offbeat | Agence France-Presse | Friday July 25, 2014
A Latvian company's scheme to circumvent liquor laws by hiring out rather than selling alcoholic drinks backfired on Thursday when tax authorities pulled its license and launched an audit.
Sunday July 20, 2014
Over Rs 1 lakh crore of taxes were locked up in various stages of litigation in service tax and central excise at the end of March 2013, the Comptroller and Auditor General of India (CAG) has said.
India | Indo-Asian News Service | Thursday July 17, 2014
The emerging challenges in the country's tax administration can be met through ingenuity, innovation and adoption of new ideas and technology, President Pranab Mukherjee has said.
Wednesday July 16, 2014
BCSBI today held a meeting with controlling heads of banks in Punjab, Haryana, Himachal Pradesh, Jammu and Kashmir and Chandigarh here today to enlighten them about importance of complying with banking codes.
Tuesday July 15, 2014
Unable to recover over Rs 50 crore dues from Kingfisher Airlines, the services tax department has moved courts to get a share from sale of securities being undertaken by lenders.
Press Trust of India | Monday July 14, 2014
IAMAI hopes Finance Ministry will take cognisance of the issue and take corrective measures.
Sunday July 13, 2014
The Internet & Mobile Association of India (IAMAI) said the sector was kept under the negative list of service tax two years ago as "a gesture of support to this fledgling industry". However, presenting his first Budget, Finance Minister Arun Jaitley...
Thursday July 10, 2014
Presenting his maiden Budget for 2014-15, Finance Minister Arun Jaitley also withdrew exemptions given to services of air-conditioned contract carriages and testing of new drugs on human participants to broaden the tax base.