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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.

Businesses can now cancel registration on GSTN

Migrated businesses with turnover up to Rs 20 lakh who have not issued invoice can cancel their registration on portal.

25 Oct 2017 10:58 AM GMT

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

78 per cent rise in paperless I-T assessment; all-India roll out by...

During the financial year 2015-16, a total of 1,014 cases were completed under the pilot project (e-assessment).

8 Sep 2017 11:47 AM GMT

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)

50 pc increase in indirect taxpayer base post GST: Economic Survey

GST collections in July was over Rs 95,000 crore, while in August figure was over Rs 91,000 crore.

29 Jan 2018 10:06 AM GMT

Revenue Secretary Hasmukh Adhia. (Photo: File)

Unevenness in taxes paid by salaried class, business people: Adhia

For assessment year 2016-17, 1.89 crore salaried individuals have filed I-T returns and paid total tax of Rs 1.44 lakh...

5 Feb 2018 9:25 AM GMT

Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.

Standard deduction allowed for pension

The standard deduction was discontinued from the assessment year 2006-07, but was re-introduced in 2018-19 Budget.

5 April 2018 11:30 PM GMT

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Central Board of Direct Taxes amends Section 16 of Income Tax Act

The pension received by a taxpayer from his former employer is taxable under the head 'Salaries'.

5 April 2018 9:07 AM GMT

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

New CBDT boss asks I-T dept to maximise revenue collection, get more...

Tax department has been given a target in Union budget to collect Rs 11.5 lakh cr revenue under the direct taxes...

28 Feb 2019 5:47 AM GMT

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Govt working as an accountant for every taxpayer: CBDT Chairman

The CBDT Chairman said he is confident of achieving the Rs 13.35 lakh crore target for direct tax collections in...

6 July 2019 11:46 AM GMT

CBDT has made available in the Compliance Module on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

CBDT launches one-time facility for compounding of income tax offences

In order to avail the facility a taxpayer will have to file an application for compounding a tax offence before the...

12 Sep 2019 6:37 AM GMT

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

GST payers can approach tax officer to change username, password

The e-mail and mobile number can be updated by the concerned jurisdictional tax authority of the taxpayer.

14 Jun 2018 8:53 AM GMT

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.

Notice shot off to businesses for less IGST input credit claim

The analytics was conducted based on data between July to March - the first nine months of GST rollout.

8 Jun 2018 7:29 AM GMT

Finance Minister Arun Jaitley (Photo: PTI)

GST revenue at Rs 92,283 crore gets a bumper start

So far 38.38 lakh taxpayers accounting for 64.42 per cent of the total businesses.

30 Aug 2017 6:52 AM GMT