Tax In Assam
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Fake Invoicing Racket Of Rs 338 Crore Busted In Assam, 2 Arrested
A whopping Rs 338 crore racket of fake invoicing has been unearthed by GST officials in a major bust of tax evasion scam in Assam.
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In Assam Budget, 1 Lakh Aid For Covid Victims' Families, No New Tax
Assam's first woman Finance Minister Ajanta Neog presented the first budget of the new government on Friday. The Assam government tabled the Rs 566.20 crore deficit budget in the state assembly without proposing any new tax on the public.
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Income Tax Officials Detect Evasion Of Rs 200 Crore After Raids In Assam
The Income Tax Department has detected tax evasion of more than Rs 200 crore after it raided three "leading" entities of Assam involved in construction and tea garden businesses, the CBDT said today.
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Tax Officials Detect Evasion Of Rs 100 Crore After Raids On Assam Doctors
The Income Tax Department has detected tax evasion of more than Rs 100 crore after it raided some "renowned" doctors and medical professionals based in Assam, the CBDT said on Tuesday.
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Tax Officials Find Rs 100 Crore Undetected Income After Raids On Assam Contractors
Unaccounted income of Rs 100 crore has been detected after the income tax department raided three "leading" contractors of Northeast India based in Assam early this week, the CBDT said on Saturday.
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13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
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COVID-19 Lockdown: Assam, Meghalaya Hike Taxes On Fuel Amid Global Oil Price Slump
The Assam and Meghalaya governments have increased the taxes on petrol and diesel from today even as global crude oil prices hit record low.
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Saradha And Rose Valley Scams: A Look At The Investigations Into Them
Founded in 2006, the Saradha Group chief, Sudipta Sen's chit fund, through various collective investment schemes, mopped up Rs 3,500 crore from 17 lakh investors in investors in West Bengal, Assam, Jharkhand, Tripura and Odisha before it collapsed in April 2013.
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Possible To Further Slash Rates, Says GST Council Member
After reducing rates of the new national tax GST on many items, the Goods and Services Tax council may further slash rates depending on the revenue situation, Assam Finance Minister and the council's member Himanta Biswa Sarma said in Guwahati today
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Assam Includes GST In Class 12 Economics Curriculum
The Assam Higher Secondary Education Council (AHSEC), the regional board for holding Class 12 examinations in the state, has decided to introduce the GST in its curriculum from the current academic year.
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GST Council Meeting Live: 50 Of Over 220 Items Stay Under 28% GST Slab
The 23rd GST Council Meeting headed by Union Finance Minister Arun Jaitley is meeting in Assam's capital Guwahati today to review the GST rates under the national sales tax
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'Panic-Stricken' Centre Will Change GST Rates, Says P Chidambaram
Former Union Finance Minister of the Congress P Chidambaram today said a "shower of changes" is expected from the GST Council meeting in Guwahati and the "panic-stricken" Modi government has no option but to change the new tax rates. The high-powered committee headed by Union Finance Minister Arun Jaitley is meeting in the Assam's capital to discus...
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GST Rates: Shampoo, Chocolate, Eating Out Cheaper After Big GST Cut - 10 Facts
Union Finance Minister Arun Jaitley on Friday announced a big overhaul of new national tax GST, saying only 50 items will remain in the highest tax slab of 28 per cent, with 178 others moved to the 18 per cent bracket effective November 15. Dining out will also become cheaper, with food at all restaurants in the country, except those in starred hot...
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GST Is Damaging Assam's Ailing Handicrafts Industry, Say Artisans
After machine-made alternatives and cheaper Chinese products hurt the cane and bamboo handicrafts industry in Assam, the artisans have a new worry -- the Goods and Services Tax (GST). They claim they are already suffering huge losses and now the GST seems to be "pushing the cottage industry towards near extinction".
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Despite Sonwal Government's Mandate, 'Dadagiri' Tax Continues In Assam
It has been more than a years since the BJP-led coalition government took charge in Assam. Last week, on the government's anniversary Prime Minister Narendra Modi flew to the state and praised the administration for solving a large number of the problems.
-
Fake Invoicing Racket Of Rs 338 Crore Busted In Assam, 2 Arrested
A whopping Rs 338 crore racket of fake invoicing has been unearthed by GST officials in a major bust of tax evasion scam in Assam.
-
In Assam Budget, 1 Lakh Aid For Covid Victims' Families, No New Tax
Assam's first woman Finance Minister Ajanta Neog presented the first budget of the new government on Friday. The Assam government tabled the Rs 566.20 crore deficit budget in the state assembly without proposing any new tax on the public.
-
Income Tax Officials Detect Evasion Of Rs 200 Crore After Raids In Assam
The Income Tax Department has detected tax evasion of more than Rs 200 crore after it raided three "leading" entities of Assam involved in construction and tea garden businesses, the CBDT said today.
-
Tax Officials Detect Evasion Of Rs 100 Crore After Raids On Assam Doctors
The Income Tax Department has detected tax evasion of more than Rs 100 crore after it raided some "renowned" doctors and medical professionals based in Assam, the CBDT said on Tuesday.
-
Tax Officials Find Rs 100 Crore Undetected Income After Raids On Assam Contractors
Unaccounted income of Rs 100 crore has been detected after the income tax department raided three "leading" contractors of Northeast India based in Assam early this week, the CBDT said on Saturday.
-
13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row
Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...
-
COVID-19 Lockdown: Assam, Meghalaya Hike Taxes On Fuel Amid Global Oil Price Slump
The Assam and Meghalaya governments have increased the taxes on petrol and diesel from today even as global crude oil prices hit record low.
-
Saradha And Rose Valley Scams: A Look At The Investigations Into Them
Founded in 2006, the Saradha Group chief, Sudipta Sen's chit fund, through various collective investment schemes, mopped up Rs 3,500 crore from 17 lakh investors in investors in West Bengal, Assam, Jharkhand, Tripura and Odisha before it collapsed in April 2013.
-
Possible To Further Slash Rates, Says GST Council Member
After reducing rates of the new national tax GST on many items, the Goods and Services Tax council may further slash rates depending on the revenue situation, Assam Finance Minister and the council's member Himanta Biswa Sarma said in Guwahati today
-
Assam Includes GST In Class 12 Economics Curriculum
The Assam Higher Secondary Education Council (AHSEC), the regional board for holding Class 12 examinations in the state, has decided to introduce the GST in its curriculum from the current academic year.
-
GST Council Meeting Live: 50 Of Over 220 Items Stay Under 28% GST Slab
The 23rd GST Council Meeting headed by Union Finance Minister Arun Jaitley is meeting in Assam's capital Guwahati today to review the GST rates under the national sales tax
-
'Panic-Stricken' Centre Will Change GST Rates, Says P Chidambaram
Former Union Finance Minister of the Congress P Chidambaram today said a "shower of changes" is expected from the GST Council meeting in Guwahati and the "panic-stricken" Modi government has no option but to change the new tax rates. The high-powered committee headed by Union Finance Minister Arun Jaitley is meeting in the Assam's capital to discus...
-
GST Rates: Shampoo, Chocolate, Eating Out Cheaper After Big GST Cut - 10 Facts
Union Finance Minister Arun Jaitley on Friday announced a big overhaul of new national tax GST, saying only 50 items will remain in the highest tax slab of 28 per cent, with 178 others moved to the 18 per cent bracket effective November 15. Dining out will also become cheaper, with food at all restaurants in the country, except those in starred hot...
-
GST Is Damaging Assam's Ailing Handicrafts Industry, Say Artisans
After machine-made alternatives and cheaper Chinese products hurt the cane and bamboo handicrafts industry in Assam, the artisans have a new worry -- the Goods and Services Tax (GST). They claim they are already suffering huge losses and now the GST seems to be "pushing the cottage industry towards near extinction".
-
Despite Sonwal Government's Mandate, 'Dadagiri' Tax Continues In Assam
It has been more than a years since the BJP-led coalition government took charge in Assam. Last week, on the government's anniversary Prime Minister Narendra Modi flew to the state and praised the administration for solving a large number of the problems.
