Aanchal Magazine


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.

Union Budget 2018, Macro: Despite farm push, govt spending slowest in three pre-poll years
Fri, Feb 02, 2018

Union Budget 2018: Growth rate of govt expenditure in 2018-19 is also lower than the 12.3% seen in spending in 2017-18 over the actual spending of preceding fiscal.

Union Budget 2018: Govt may cite job creation numbers to blunt criticism
Sun, Jan 28, 2018

Centre also expected to highlight employment generation through roads, railways and highways construction

After rate cut and dip in two months, GST collections up in December
Fri, Jan 26, 2018

Total collections under the Goods and Services Tax (GST) in November had slipped for the second straight month to Rs 80,808 crore, from over Rs 83,000 crore in October.

Budget 2018-19: To cut graft, govt plans to take tax assessment beyond state borders
Tue, Jan 23, 2018

A jurisdiction-free assessment implies that a taxpayer in Delhi, for instance, could be assessed by a tax officer randomly selected by the online system of the tax department and located in any other part of the country.

GST rates on 29 items, 54 services cut; return filing to be made simpler
Fri, Jan 19, 2018

Council gives in-principle approval for about 40-50 ‘minor’ legal changes in GST-related laws.

GST Council meet today: Simplifying returns, reduction of rates on the cards
Thu, Jan 18, 2018

GST Council meet: A range of legal amendments required in the GST-related laws will be discussed, so that the government can push through the changes in the Budget session of Parliament.

Budget 2018-19: This year, pre-poll pursestrings may not loosen
Thu, Jan 18, 2018

The government has indicated that it is likely to incur more expenditure on agriculture and related schemes in the upcoming Budget, with Finance Minister Arun Jaitley having already stated that agriculture is a priority area.