Revenue Department

Saturday, Apr 20, 2024 | Last Update : 06:29 PM IST

Finance Ministry issues modified circular on salary contribution to PM-CARES Fund

A circular issued on 17 April had urged officers and staff of inance ministry to contribute one-day's salary every month till March 2021

01 May 2020 10:16 AM

According to police, SP’s parliamentarian from Rampur, Azam Khan faces over 30 cases, mostly linked to grabbing of either government or farmer land. (Photo: ANI)

SP’s Azam Khan may be named as ‘land mafia’ on UP govt portal: Official

Portal was set up by CM Yogi to identify land mafia and file complaints of people over land-grab, soon after he took power in UP in 2017.

14 Jul 2019 2:37 PM

In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from GST.

Simplified GST return forms to be rolled out from April 1: Revenue Secretary

The 2018-19 budget had estimated annual GST collection at Rs 13.48 lakh crore, which means a monthly target of Rs 1.12 lakh crore.

04 Dec 2018 1:09 PM

The proposal, according to officials, will improve operational efficiencies across the country's logistic landscape. (Photo: ANI)

Revenue dept plans linking e-way bill with FASTag to check GST evasion

The integration of the e-way bill system with FASTag and LDB is expected to help boost tax collections.

19 Nov 2018 3:04 PM

The finance ministry expects the GST collections to cross Rs 1 lakh crore in November and December on account of festive season demand and the anti-evasion measures initiated by the revenue department.

GST collections likely to top Rs 1 lakh crore in November, December

The GST collection should cross Rs 1 lakh crore because of festive season demand.

02 Oct 2018 6:07 PM

The Income Tax department has slapped three notices under the foreign black money law against diamond trader Nirav Modi, involved in Rs 14,000 crore PNB fraud case, for allegedly holding illegal assets abroad. (Photo: ANI)

3 notices under foreign black money law slapped on Modi: Revenue Dept

Also 141 bank accounts/ FDs of the Nirav Modi Group having a credit balance of Rs 145.74 crore have been attached.

09 Aug 2018 7:45 PM

Foreign tourists may soon get to claim GST refunds at airports at the time of exit as the revenue department is working on a mechanism to refund taxes paid by them on local purchases.

GST refund to foreign tourists at airports on the cards

Only purchases made by tourists from big retailers would be eligible for GST refunds at the airports.

10 Jun 2018 5:06 PM

The government is planning to revamp the advance ruling mechanism under GST by setting up either a centralised authority or 4 regional authorities, in the wake of the contradictory orders passed by AARs in different states.

Govt planning to revamp GST AAR mechanism

The AARs in different states have so far passed about 60 orders under the GST law.

05 Jun 2018 5:15 PM

This means, like exporters, duty-free shops can claim refund from the government for the GST it has paid in procuring goods from manufacturers. (Photo: Wikimedia commons)

Soon, international passengers need not pay GST at airport 'duty-free' shops

Duty-free shops will have to only collect a copy of the passenger's passport and later on seek GST refund from the government.

03 Jun 2018 3:57 PM

International passengers buying goods at airport 'duty-free' shops will not be subject to GST and the revenue department will soon clarify on this exemption, an official said.

International passengers need not pay GST at duty-free shops

The revenue department had received a number of representations seeking clarification on the issue.

03 Jun 2018 2:41 PM

The revenue department is sending notices to non-filers through emails asking them to submit returns within three days of the expiry of the deadline despite up to 15 days time limit, tax experts said.

Revenue dept to make businesses file GST returns within deadline

The due date for filing GST summary returns for a month is 20th day of the subsequent month.

20 May 2018 12:16 PM

Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST.

Free banking services out of GST net, says Finance ministry

Every bank offers a different slab of minimum balance to customers, based on which some free services are provided.

15 May 2018 4:38 PM

Disbursal of pending exports refunds of Rs 14,000 crore under GST is likely to be expedited as talks between departments of commerce and revenue are progressing fast, a top official said on Friday.

Disbursal of Rs 14,000 cr export refunds to be expedited, says official

The government's focus is now shifting towards sector specific export promotion to boost India's exports.

11 May 2018 3:45 PM

GST officers have started sending scrutiny notices to companies whose tax payment did not match the final sales return.

Firms get scrutiny notices for mismatch in GST returns

34 per cent of businesses paid Rs 34,400 crore less tax between July-December while filing initial summary return.

07 May 2018 1:50 PM

The government is working on a proposal to incentivise digital transactions by providing cashbacks to businesses and price benefits to consumers.

Govt working on a proposal to incentivise digital transactions

The proposals to encourage digital transactions are likely to be placed before the GST Council.

29 Apr 2018 6:19 PM

USD 1,685.42 per metric tonne has been imposed on import of Phosphorus Pentoxide from China.

Govt slaps anti-dumping duty on import of phosphorus pentoxide from China

It is used as a powerful desiccant and dehydrating agent and is a useful building block and reagent in the chemical industry.

08 Apr 2018 5:48 PM

In the first phase, the tax officers will verify transitional credit claims where the growth is more than 25 per cent or the credit availed is in excess of Rs 25 lakh.

CBEC to verify GST transitional credit claims of 50,000 taxpayers

GST collections in November stood at Rs 83,716 crore, December (Rs 88,929 crore) and January (Rs 88,047 crore).

19 Mar 2018 5:51 PM

India's exports recorded a double digit growth of 10.29 per cent after a gap of three months to USD 23.81 billion in August.

Govt notifies new duty drawback rates from October 1

AEPC said the refund rates for garments will come down to 2 pc as compared to the 7.7 pc drawback available till now.

23 Sep 2017 12:20 PM

During April-June, the revenue department also issued refunds to the tune of Rs 55,520 crore.

Net income tax collection rises 14.8 per cent in Q1

Growth in corporate advance tax is at 8.1 per cent and that in personal advance tax is at 40.3 per cent.

06 Jul 2017 7:24 PM

GST Council permits Centre to levy excise duty on six items including tobacco and tobacco products. (Photo: Representational image).

Revenue Dept removes excise duty on cigarette, tobacco

Revenue department also rescind central excise notification dated February 27, 2010.

03 Jul 2017 5:44 PM

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Shobhaa De