Aanchal Magazine


Probe Rs 36,192 crore mismatch, CBEC tells field officers
Sat, Mar 17, 2018

Data analysis carried out by the GST authorities has revealed that an excess claim of Rs 10,249 crore for input tax credit has been filed against payment of IGST and compensation cess on imports by 6,247 taxpayers, the missive stated.

Tax authorities working on list of suspected evaders on zonal basis
Fri, Mar 02, 2018

Officials on Wednesday arrested two people for being allegedly involved in fake invoicing

Why, in attack on ‘100 per cent tax’ on Harleys, Donald Trump may be barking up the wrong tree
Wed, Feb 28, 2018

Nearly all of the iconic motorcycles arrive in India in parts, and are assembled here. What the company will probably be more worried is a Budget proposal to raise import duties on these so-called CKD kits.

Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
Tue, Feb 27, 2018

Genuine mistakes can be sorted out by discussion, but no place for deliberate evasion: CBEC chief

IGST payout: Govt refunds Rs 4,000 crore to exporters; asks them to clear mismatch issues
Sat, Feb 24, 2018

Incomplete details, mismatch errors creating hurdle in processing remaining refund: CBEC chief

EPFO cuts interest rate to five-year low, to pay 8.55% on deposits
Thu, Feb 22, 2018

EPFO interest rate: For the previous year, EPFO paid an interest rate of 8.65 per cent. The year before, it paid 8.8 per cent and 8.75 per cent in 2013-15. In 2012-13, it paid an interest rate of 8.5 per cent.

PNB fraud: Make an example of these people, says Arun Jaitley; questions role of auditors
Wed, Feb 21, 2018

Jaitley said additional mechanisms have to be put in place by supervisory agencies to ensure that stray cases are nipped in the bud so that they “don’t become a pattern again”.

From insurance to farm: Policy tweaks dilute govt’s initial resolve
Tue, Feb 20, 2018

The govt’s continued policy interventions across various sectors go against its initial promise of “Minimum Government, Maximum Governance”.

Meeting with GSTN officials: Industry for quarterly returns, fungibility of cash balance
Sun, Feb 18, 2018

Committee on GST returns simplification to submit report by end of the month

CBDT chief to discuss revenue mobilisation with officers
Wed, Feb 14, 2018

The Economic Survey for 2017-18 had highlighted the fact that tax departments have gone in for contesting against several tax disputes but also with a low success rate which is below 30 per cent for both direct and indirect taxes.

GST roll-out, delays led to capital constraints for firms: RBI
Tue, Feb 13, 2018

The study indicates that a short-term liquidity shock impacted firms in the export sector, with the firms with high working capital/sales ratio hit the most due to the liquidity constraints.

Govt likely to announce clarification today for Long Term Capital Gains tax
Tue, Feb 06, 2018

"The government may look to do something to protect small domestic investors if equity markets continue to fall,” a senior government official said.

Budget proposal: A departure from the custom of duty cuts to ‘protect domestic industry’
Tue, Feb 06, 2018

The Budget announcement to hike duty on two broad categories of goods is one among several such increases introduced in the last two years to protect domestic manufacturing, according to the government, but experts say the move is also aimed at shoring up revenues

Foolproof technological system will help govt to remove ‘unevenness’ in tax compliance: Hasmukh Adhia
Mon, Feb 05, 2018

Hasmukh Adhia said that the advance corporate tax data shows that balance sheets of companies in the organised sector have improved under GST at the cost of initial revenue losses to the government.

Union Budget 2018: Why should we give concession to one class of people, asks Finance Secy Hasmukh Adhia
Sat, Feb 03, 2018

Hasmukh Adhia said, "In GST, we will have to bring an e-way bill as well as the matching of invoices, which is the final thing which will help us in GST."

We will not do populist giveaways as fiscal consolidation is a priority, says DEA Secretary Subhash Chandra Garg
Sat, Feb 03, 2018

DEA Secretary Subhash Chandra Garg said the average fiscal deficit between 2009 and 2014 was 5.5 per cent and the government has brought it down sharply to 3.5 per cent of GDP this year.

Union Budget 2018: 10 per cent market tax in name of helping real economy
Fri, Feb 02, 2018

On Thursday, unveiling the Union Budget, Finance Minister Arun Jaitley reinforced this political message when he announced taxation on long-term capital gains from the stock market.

Union Budget 2018, Customs Duty: Mobiles to cars to fruit juice, imports costlier
Fri, Feb 02, 2018

Customs duty up on 46 items to protect domestic industry, set to fetch Rs 6,000 crore per year.

Union Budget 2018: Accounted for 11 months, GST revenue to fall Rs 50K crore short
Fri, Feb 02, 2018

Union Budget 2018: Govt estimates GST revenue at `4.45 lakh crore for 2017-18, `7.44 lakh crore for next fiscal, says structural issues too have impacted revenue.

Union Budget 2018 — E-assessment: Transparency push for companies, individuals
Fri, Feb 02, 2018

The government said that by amending the Income-tax Act, a “team-based assessment with dynamic jurisdiction” will be rolled out across the country that will almost eliminate person-to-person contact.