'Note ban, GST cost economy Rs 4.8 lakh crore'
NEW DELHI: Demonetisation and faulty GST implementation caused a loss of Rs 4.8 lakh crore to the economy, West Bengal finance minister...
Govt struggles to meet GST collection target; indirect tax mop-up shortfall could be this much in FY
The government has been struggling to meet the Goods and Services Tax (GST) collection target, which along with the cut in excise duty on...
Detected! Indirect tax evasion of Rs 29k crore during Apr-Oct
The investigation arm of the finance ministry has detected tax evasion worth Rs 29,088 crore in 1,835 cases during the April-October...
Bogus Eway bill scam worth Rs 100 crore unearthed
AHMEDABAD: A bogus billing scam was unearthed by the State Goods and Services Tax (GST) department where Eway bills worth Rs 100 crore...
Companies rush to reconcile financial results with state wise audit, seek extension of deadline
Mumbai: As the date for Goods and Services Tax (GST) audit nears, many companies and banks fear they will not be able to comply with...
MSME sector: RBI takes measures to increase credit flows; most PCA banks met mandatory priority lend
Amid a raging debate on the need for easing rules governing credit to MSMEs, an analysis of RBI data on such loans shows that a large...
Goods can be impounded for lapses under GST, says Kerala High Court
Authorities impounded a car being sent by a dealer from Puducherry to Thiruvananthapuram for personal use of his customer without an...
Demonetisation: 80,000 being chased by I-T for large cash deposits
The income-tax department (I-T) is ‘chasing’ 80,000 persons who had deposited cash during demonetisation period which didn’t match their...
Direct tax collections to exceed target this fiscal: CBDT chief Sushil Chandra
Direct tax collection has already crossed Rs 5 lakh crore and will exceed the budgeted target of Rs 11.5 crore set for the current...
Finance ministry rubbishes charge of stuck GST claims worth Rs 23,000 crore
NEW DELHI: The finance ministry on Friday dismissed as “exaggerated” and “inaccurate” exporters’ contention that about Rs 23,000 crore of...
