indirect taxes

indirect taxes News

Risk parameters developed to audit taxpayers filing annual GST returns

GST audits were earlier scheduled to commence from July 1 for those taxpayers who have filed their GST annual return.

Don’t be overzealous, be taxpayer friendly: Piyush Goyal urges tax officials

“Very often in the over-enthusiasm of tax administration, we become overzealous and that causes a lot of agony, particularly to the honest taxpayer who believes that I have done no wrong but why should I be in general category of facing the wrath of tax administration," said Goyal.


Waiting for GST

This crucial reform has been pending too long. Time now for the Rajya Sabha to pass the bill.

Lok Sabha approves GST Bill, paves way for uniform tax regime

Jaitley said that the proposal for a reform of the indirect taxes had been pending for 12 years.

For greater compliance, Centre cuts penalties on indirect tax

Section 11AC of the Excise Act has been amended for similar cases and the taxpayer can now pay the duty along with a penalty of 10 per cent of the duty.

Ramdev urges Modi to abolish taxes

Ramdev urged Modi to abolish all direct and indirect taxes to stem corruption and black money.


No rollback of duty hike on SUVs,but incentives soon,says P. Chidambaram

Decisions,mainly on indirect taxes,to be announced during course of debate on Budget: FM

They scrutinise assets of others,but yet to post own returns online

CBEC is yet to decide on the issue,says spokesperson Samanjasa Da.

Indirect tax collections beat govt estimate in FY’11

The Centre’s receipts from indirect taxes has overshot its revised estimate of Rs 3,34,500 crore for 2010-11 to touch Rs 3,40,070 crore.

Addressing expectations on indirect taxes crucial

A key expectation from Budget 2009 on indirect taxes is with regard to rationalisation of duty rates.