As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services. IMAGE: Even as politicians took centrestage to......
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about. “Dealing with legacy issues,” responded the......
'Whether or not GST will cause inflationary pressure is itself a moot question. If the exemption list and rate structure are properly designed, one can avoid having inflationary pressure.'......
Increased efforts in checking revenue leakage have resulted in detection of over Rs 1,800 crore (Rs 18 billion) central excise duty evasion across the country during 2013-14. As many as......
In a rude shock to debt-ridden Air India and Kingfisher, the Servic e Tax Department has frozen some of their bank accounts for non-payment of levy to the tune of Rs 220 crore (Rs 2.2 billion)."We......