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The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

Subdued demand may force relook at GST composition scheme

Objective behind it is to bring simplicity and reduce the compliance cost for small taxpayers.

30 July 2017 1:14 PM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

CBDT signs 2 more unilateral APAs with taxpayers

So far this fiscal, four APAs have been signed and the CBDT expects more APAs to be signed in the near future.

22 May 2017 8:28 PM IST

Implementation of GST it does not seem will meet its actual deadline of Aril 1, 2017 as both the Centre and the states have failed to arrive on an agreement over contentious issues.

Taxmann recognised as GST Suvidha Provider by govt

Taxmann will provide taxpayers with wide range of facilities including, easier returns, payments ledger maintenance.

25 May 2017 12:59 PM IST

The CBDT said it has noticed that taxpayers and professionals have not been able to keep up with the pace of change and hence wide gap has emerged between the initiatives undertaken by the department and the acceptance by the stakeholders.

CBDT extends deadline for tax settlement scheme

The scheme provides for waiving interest and penalties if the principal amount involved in retrospective tax cases is...

30 Dec 2016 1:21 PM IST

The CBDT said it has noticed that taxpayers and professionals have not been able to keep up with the pace of change and hence wide gap has emerged between the initiatives undertaken by the department and the acceptance by the stakeholders.

Tax dept signs three APAs with taxpayers

The three APAs signed today pertain to engineering goods and shipping sectors of the economy.

5 Jan 2017 9:31 AM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

These are benefits of early filing of income tax returns

Your application for housing or educational loan or registration of immovable property gets faster clearance.

10 April 2017 2:27 PM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

All you need to know about GST invoice

The CBEC released a list highlighting GST provisions addressing concerns of traders regarding paperwork.

14 Jun 2017 1:34 PM IST

According to industry officials, all those services where customers are now required to pay service tax will see an increase in cost, which may vary from bank to bank depending on the amount of charges.

Govt abolishes large taxpayer units on GST rollout

GST will subsume over a dozen state and central level levies such as excise and sales tax.

30 Jun 2017 7:17 PM IST

Doubts over GST have created fears that prices may go up for all commodities.

Government has no record on shift to GST

On eve of GST implementation, confusion rises among businessmen and consumers.

30 Jun 2017 2:05 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

CBDT alleys taxpayers' fears on asset freez rule

CBDT chairman Sushil Chandra says new measures were brought in only to prevent evaders from selling property.

4 Feb 2017 5:55 PM IST

Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (Photo: PTI)

Tax dept asks taxpayers to e-verify deposits post note ban

Tax department is using data analytics for comparison of deposits made after the November 8.

2 Feb 2017 4:44 PM IST

The CJI asked the counsel when income from agricultural produce is exempt from tax, why not this exemption.

Reply date for I-T queries on deposits now till Feb 15

Under Operation Clean Money, I-T dept sent SMS and e-mails to 18 lakh assessees in initial phase.

11 Feb 2017 6:50 PM IST