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The Directorate General of Safeguards (DGS) has slapped a profiteering notice on Jubilant FoodWorks for allegedly not passing on GST rate cut benefit to consumers at its Dominos Pizza outlets.

Business

Firms get scrutiny notices for mismatch in GST returns

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

7 May 2018 1:50 PM IST

Tourists enjoy the pleasant weather near Rajpath in New Delhi on Wednesday after light rains lashed the city. (Photo: Pritam Bandyopadhyay)

Business

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 IST

Business

Govt planning to revamp GST AAR mechanism

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

5 Jun 2018 5:15 PM IST

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)

India

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

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

3 Jun 2018 3:57 PM IST

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.

Business

International passengers need not pay GST at duty-free shops

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

3 Jun 2018 2:41 PM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

Business

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.

9 Aug 2018 7:45 PM IST

A landmark Australian law on restricting tobacco use has been upheld at the World Trade Organisation.

Business

Revenue Dept removes excise duty on cigarette, tobacco

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

3 July 2017 5:44 PM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

Business

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.

6 July 2017 7:24 PM IST

$Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.$ Business

CBEC asks tax officers to speed up GST migration

Government plans to roll out GST from July 1 and in the run up to the new indirect tax regime.

3 March 2017 2:43 PM IST

Implementation of GST it does not seem will meet its actual deadline of Aril 1, 2017 as both the Centre and the states have failed to arrive on an agreement over contentious issues.

Business

Cess to yield Rs 55,000 cr in first 9 months of GST rollout

Centre and states have already agreed to impose cess on 55 demerit and luxury goods under the GST regime.

29 May 2017 3:41 PM IST

1,000 shell firms which indulged in bogus transactions worth Rs 13,300 crore in the three financial years were identified by the revenue department.

Business

Raids helped detect Rs 1.37 lakh crore in three years

The amount involved in non-genuine transactions of such beneficiaries was more than Rs 13,300 crore.

8 April 2017 1:56 AM IST

Business

Tax evasion of more than Rs 1.37 lakh crore detected in last 3 yrs

Tax department has made it mandatory to quote PAN for cash deposits above Rs 50,000.

7 April 2017 1:38 PM IST