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The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Govt lowers additional borrowings to Rs 20,000 crore in FY18

Government has reassessed additional borrowing requirements taking note of revenue receipts and expenditure pattern.

17 Jan 2018 11:18 AM IST

Additionally, the hasty implementation of GST has again hit the economy hard, resulting in a serious economic slowdown.

GST collection dips, state wants compensation from Centre's kitty

The official also claimed that overall GST collection was good as compared with VAT the previous year.

13 Jan 2018 3:23 AM IST

On October 3, Mondal set himself on fire in front of his factory to commit suicide in protest after he some club members allegedly threatened him for complaining to councillor of ward no 49 Subrata Polley.

U'khand man who consumed poison to protest against note ban, GST, dies

The victim said he had to consume poison as his attempts to draw the attention of Modi, Arun Jaitley and Amit Shah...

9 Jan 2018 7:56 PM IST

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

Don't resort to knee-jerk reax: Assocham to govt on GST slip

GST collections slipped for second straight month to Rs 80,808 cr in Nov, down from over Rs 83,000 cr.

8 Jan 2018 3:33 PM IST

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report. (Photo: PTI/Representational)

Govt collects Rs 38,000 crore as compensation cess between July-Nov

Centre has released Rs 24,500 crore to the states to compensate for losses suffered between July-October.

5 Jan 2018 6:26 PM IST

GDP stands for Gross Domestic Product.

At last, a positive signal

The number of jobs created may not be close to the 10 million jobs he promised in five years, but it could be a...

5 Jan 2018 12:05 AM IST

The decision came after a meeting of representatives of Indian Revenue Service (Customs and Central Excise), All India Association of Central Excise Gazetted Executive Officers, All India Central Excise Inspectors Association and All India

India's services sector returns to growth in December: PMI

On prices front, GST continued to exert upward pressure on manufacturers' cost burdens in December.

4 Jan 2018 11:23 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

No single rate for all items under GST: Arun Jaitley

Many items which were earlier in 28 per cent bracket were brought into the 18 per cent bracket.

2 Jan 2018 4:37 PM IST

India is the worlds second-biggest buyer of foreign coal even though imports have held steady in the last two years because of rising local output.

Infrastructure output growth at 6.8 per cent, fastest in a year

The cement sector grew by 17.3 per cent in November against a contraction of 1.3 per cent in October.

2 Jan 2018 3:31 AM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Centre eases norms for GSTR revision

Businesses have been finding it difficult to assess tax liability correctly after India moved to the GST regime with...

2 Jan 2018 1:34 AM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Govt relaxes norms for rectification of returns under GST

GSTR-3B, initial summarised return, has to be filed by businesses by 20th day of every month.

1 Jan 2018 4:22 PM IST

Finance Minister Arun Jaitley

2018: Interesting times ahead

The number of terrorists killed in 2017 (till December 1) is now over 200 and the highest in seven years.

1 Jan 2018 3:26 AM IST