Draft GST law envisages harsher penalties for tax evaders

An evasion of Rs 25 lakh (Rs 2.5 million) could attract prison of up to a year and a fine; jail term could go up to 3 years if evasion exceeds Rs 50 lakh (Rs 5 million) Tax evaders could be......

The biggest challenge facing India Inc

The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1. Illustration: Uttam......

Govt's tax amnesty scheme sees little success

By November 3, only 17,000 applications with tax payable amounting to Rs 1,100 crore have been received by the government, under the Sabka Vishwas Legacy Dispute Resolution Scheme. The scheme gives......

GST to apply on passport services, issue of birth certificates

The GST will also be applicable on the non-compete amount given by an employer to an outgoing employee, report Indivjal Dhasmana and Sudipto Dey. Government services such as issuing of......