Hasmukh

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  GST To Reduce Inflation By 2%: Revenue Secretary Hasmukh Adhia

  Revenue Secretary Hasmukh Adhia claimed that the IT network for Good and Services Tax is on track and there are no issues of privacy being compromised.

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  Revenue Secretary Says Ready For GST, Anti-Profiteering Rules Soon

  Revenue Secretary Hasmukh Adhia said rules would be issued "soon" to deter unscrupulous businesses from exploiting the tax reform to gouge customers.

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  Black Money Holders Get Last Chance To Disclose Till March 2017

  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.

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  Taxman Sends 3,000 Notices For High Bank Deposits Post Notes Ban

  During this period, the total cash seizures amount to Rs 316 crore, of which new currency is above Rs 80 crore and jewellery seizure is Rs 76 crore.

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  Cut Corporate Tax To 25%, Hike Exemption Limit To Rs 5 Lakh: Assocham

  In its pre-Budget meeting with Revenue Secretary Hasmukh Adhia, Assocham demanded that since the proposed multiple Good Service Tax (GST) rate structure could increase classification disputes, therefore the categorisation of products under each duty slab should be carefully done.

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  Do Not Wait Till Last Day To File GST Returns: Hasmukh Adhia

  Revenue Secretary Hasmukh Adhia said the government has been flexible to demands of the industry and it is now the turn of the businesses to do their bit.

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  No Further Extension In Filing Returns Under GST: Hasmukh Adhia

  The GST Council has allowed businesses to file GSTR-3B, which is a self-assesment of their sale and purchases, till December.

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  Some Rejig In GST Rate Structure Required: Hasmukh Adhia

  The Goods and Services Tax (GST), which amalgamates more than a dozen central and state levies like excise duty, service tax and VAT, will take about a year to stabilise, he told PTI.

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  Government Asks Traders To Issue Advertisements About Price Hike Post GST

  Revenue Secretary Hasmukh Adhia said the law provides for indicating the maximum retail price (MRP) of a product clearly on every product.

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  Government's Tax Kitty Swells To Rs 3.24 Lakh Crore In April-June

  Reflecting an upturn in economic activity, government's revenue collection showed an impressive growth in April-June quarter with total tax mop-up rising to Rs 3.24 lakh crore.

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  Finance Ministry Modifies Income Tax Scrutiny Notices

  In a bid to end taxpayers' harassment, the Finance Ministry has "modified" the Income Tax department notice issued for the tedious scrutiny procedure by bringing in "three new formats" that will clearly stipulate if the inquiry against them is "limited, complete or manual".

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  Finance Minister Arun Jaitley Warns Black Money Holders Of Consequences

  Asking domestic black money holders to take advantage of the ongoing scheme to come clean, Finance Minister Arun Jaitley on Thursday said those who have not yet declared their undisclosed foreign assets will face the consequences.

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  GST Will Make Domestic Companies More Competitive: Hasmukh Adhia

  Adhia's comments come amid calls from some experts and a section of the industry for deferring the GST roll-out to September-October instead from July 1.

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  GST Will Make Domestic Companies More Competitive: Hasmukh Adhia

  Adhia's comments come amid calls from some experts and a section of the industry for deferring the GST roll-out to September-October instead from July 1.

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  GST To Result In Price Reduction For Consumers: Hasmukh Adhia

  Under the GST Constitutional Amendment Act, concurrent powers to levy GST has been provided to both the Centre and the states.