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Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Budget 2019: Amnesty scheme for excise, service tax cases to unlock Rs...

The relief proposed under scheme varies from 40 pc to 70 pc of the tax dues for cases other than voluntary disclosure...

5 July 2019 3:26 PM IST

Gaya MP Hari Manjhis son Rahul Manjhi, along with his friend, was arrested by the police in a drunken state on Sunday and was sent to Gaya central jail for violating prohibition law. (Representational image)

Metros

GST evasion of Rs 300 crore detected

The DGGSTI fears that the suspected tax evasion scam will be bigger than it seems.

22 May 2018 1:49 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Business

About 1,800 businesses opt for migration to GST regime

Currently, over 1.15 crore businesses are registered under the GST regime.

3 Sept 2018 3:39 PM IST

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

Business

ONGC Videsh Ltd slapped with Rs 7,666 crore service tax demand

The service tax department had first issued a demand cum show-cause notice on October 11, 2011.

23 Sept 2018 12:52 PM IST

No private airline flies to the city. Shortly after this government took over, a buffalo walked into the Surat airport and an airplane crashed into it, damaging its jet engine. (Representational image)

Business

Aviation sector earnings set to fly high in Q1 FY18

Service tax on economy class air travel has been lowered from 6 per cent to 5 per cent under the GST regime.

22 May 2017 7:04 PM IST

Entertainment tax will be merged with service tax under the GST and a composite 28 per cent levy will be charged on cinema services.

Business

Theme park visit to attract 28 per cent GST

GST Council over the two-day meeting on May 18-19 has decided to retain majority of the exemptions.

20 May 2017 12:28 PM IST

The state has also promised to compensate local bodies every month on the 5th day.

Metros

Special GST session from today

Govt will table 3 bills for smooth implementation of the state GST.

20 May 2017 2:27 AM IST

Union Finance Minister Arun Jaitley with MoS Santosh Gangwar and Reneue Secretary Hasmukh Adhia addressing a press conference on the firsrt day of the 14th Goods and Services Tax (GST) Council at SKICC in Srinagar. (Photo: PTI)

India

GST rates set for most items, gold meet today

Under the new tax, rates will range from 5 to 28 per cent, with 12 per cent and 18 per cent being the standard rates.

19 May 2017 4:40 AM IST

$The Electronic Communications Privacy Act compels companies to divulge data stored in \third-party computers,\ such as Microsofts Cloud, and keep the move secret. (Photo: AP)$ Business

EasemyGST, Microsoft in pact to help SMEs get GST compliant

Any business subscribing to the EasemyGST solutions will just have to maintain a spreadsheet of their purchases and...

24 May 2017 5:07 PM IST

India imported 8.7 million tonnes of LPG in 2015-16 and 4.66 million tonnes in first half of current fiscal.

Business

Daily use products, LPG to become cheaper under GST

The Council is scheduled to meet on June 18 to finalise e-way rules and anti-profiteering norms.

16 Jun 2017 10:02 AM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

Business

GST Council forms 18 groups to sort out industry worries

Groups will highlight specific issues for the smooth transition of the respective sector to the GST regime.

9 Jun 2017 2:13 PM IST

The 19 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods.

Business

'Unorganised steel players may face problem post GST rollout'

Unorganised sector will have to go through a learning cycle to adapt the new tax structure.

30 Jun 2017 8:16 PM IST