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Concept video previews iPhone 11R.

Grey market sales of high-end phones causing revenue loss of Rs 2,500...

The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000.

21 July 2019 3:37 PM IST

Finance Minister Nirmala Sitharaman

7 indirect tax-related laws being amended: FM Sitharaman

The government would also be bringing changes to seven laws related to direct taxes.

18 July 2019 3:00 PM IST

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

The power ministry has categorised charging batteries of electric vehicles as a service, a move which will help such stations operate without licence and encourage the use of e-vehicles.

Give more time for switch to electric vehicles

The tax incentive proposals for EVs contained in the Budget were not that substantive as to see customers queue up.

14 July 2019 12:02 AM IST

Finance Minister referred to the government setting fiscal deficit target of 3.3 per cent from an earlier 3.4 per cent and said there should be no anxiety. (Photo: ANI)

Govt committed to fiscal consolidation, boost investment in social...

She said that the amount of money spent on central government schemes was higher two years after the implementation of...

10 July 2019 4:45 PM IST

The official said Rs 32.54 crore in cash, out of the total seizures of Rs 152.78 crore, has been released after verification. (Representational image)

Budget 2019: GST processes to be simplified, automated GST refund to...

The Budget proposes to move to electronic invoice system wherein invoice details will be captured in central system at...

5 July 2019 4:20 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Budget 2019: FM announces 2 pc interest subvention for GST-registered...

Sitharaman proposed the setting up of a payments platform for MSMEs for payment of bills.

5 July 2019 12:53 PM IST

Between 2000 and 2016, British FDI created 371,000 jobs 10 per cent of all jobs created by FDI.

Economic Survey: A blue print for growth and jobs over next 5 years,...

EAC-PM welcomes the emphasis of the Survey on fiscal consolidation, fiscal discipline and investments.

4 July 2019 4:20 PM IST

Total liabilities of the central government at end-March 2019 stood at Rs 84.7 lakh crore of which 90 per cent was public debt. (Photo: Twiter | @PIB_India)

Economic Survey: Centre and states on the path of fiscal consolidation

Despite several headwinds, Indian economy is expected to grow at 6.8pc in 2018-19 while maintaining macro-economic...

4 July 2019 3:16 PM IST

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

Economic Survey: GDP ratio dips to 10.9 pc on shortfall in indirect...

In 2018-19, direct taxes grew by 13.4 per cent owing to improved performance of corporate tax.

4 July 2019 3:11 PM IST

PM Modi also discussed the Budget proposals during the meeting. (Photo: ANI)

Economic Survey to chart out reform road map of Modi 2.0 govt

Govt might this year again slip on fiscal deficit front given sluggish GST collections and lower-than-expected growth in...

4 July 2019 9:31 AM 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