What is the biggest concern about GST?

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......

CAG pulls up IOC, HPCL, BPCL

Faulty laws helped oil majors-- Indian Oil Corporation, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd -- to avoid excise payment of Rs 713 crore (Rs 7.13 billion) to the......

Joint filing of excise, service tax

Indirect taxpayers' may not have to frequent the tax department as the revenue department is planning to launch a software for both excise and service tax that will enable online filing of returns,......

AI, Kingfisher accounts frozen

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......