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The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150). (Representational Image)

Taxmen detect Rs 37,946 crore fraud in FY19

In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.

16 July 2019 4:34 PM IST

Hyundai sells several low-priced vehicles in India, which could pose a challenge in terms of market positioning for Kia.

Kona SUV to be cheaper on GST cut

Services Tax from the present 12 per cent to 5 per cent on electric vehicles has been shared with the GST Council.

16 July 2019 2:00 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Budget 2019: For every rupee in govt kitty, 68 paise come from taxes

Corporation tax is the single largest source of income, contributing 21 paise to each rupee earned.

5 July 2019 2:57 PM IST

Union transport and surface minister and BJP senior leader Nitin Gadkari

Gadkari says will seek nod from FinMin to fund HAM road projects

A committee will be set up to resolve the matter and find a way out on how banks can be friendly for infrastructure...

1 July 2019 8:07 PM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

GST collections dip below Rs 1 lakh crore mark in June

The collections comprise of receipts by both the centre and state governments of GST.

1 July 2019 5:33 PM IST

Union Minister Arun Jaitley. (Photo:ANI)

GST may become two-tier tax with merger of 12, 18 pc slabs: Jaitley

In a Facebook post on GST, Jaitley said as many as 20 states are already showing more than a 14 pc increase in revenues.

1 July 2019 2:28 PM IST

Revenue collection from the Goods and Services Tax (GST) had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at Rs 99,939 crore. (Photo: File)

GST collections rise marginally to Rs 1.02 lakh crore in July month

The July 2019 mop-up was, however, 5.8 per cent higher than the Rs 96,483 crore collected in the same month last year.

2 Aug 2019 11:40 AM IST

The Taj Mahal Hotel on Mansingh Road. (Photo: PTI)

Hotel stocks rally up to 9 per cent on GST rate cut

Post market hours on Friday, the GST Council reduced tax rate on hotel room tariffs, a move aimed at giving a boost.

23 Sept 2019 12:30 PM IST

Revenue collection from the Goods and Services Tax (GST) had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at Rs 99,939 crore. (Photo: File)

Fitment panel rejects GST rate cut for auto, biscuits; favours relief...

Automobile industry has long been demanding reduction in GST rate from the present 28 per cent to 18 per cent.

18 Sept 2019 7:51 PM IST

Sanjeev Sanyal, principal economic adviser at the Finance Ministry.

More space on monetary side than fiscal for boosting growth: Sanyal

Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand...

18 Sept 2019 12:42 PM IST

Automobile industry had approached the GST Council and government seeking to reconsider keeping the category at 28 per cent plus 15 per cent cess.

No slowdown in automobile sector, claims traders body CAIT

There is no slowdown in automobile sector. They are saying this to get a package from government, said CAIT's Praveen...

17 Sept 2019 3:14 PM IST

The dates for filing the reconciliation statement has also been extended accordingly.

GST Council meets next Friday; tax rate cut to hinge on revenue...

The argument propagated has been to boost the consumption and the domestic demand by reducing GST rates further.

13 Sept 2019 7:19 PM IST