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India expresses reservations over World Bank report on Doing Business

India expresses reservations over World Bank report on Doing Business

 India has expressed reservations on World Bank's 'Doing Business Report' where it has been ranked 172 amongst 190 countries, Finance Minister Arun Jaitley said Friday.

Centre to share model GST law with states on Tuesday

Centre to share model GST law with states on Tuesday

The Centre will share the draft model GST law with the states on Tuesday as it prepares for the rollout of Goods and Services Tax (GST) from April 1 next year, CBEC Chairman Najib Shah said today.

ONGC, Cairn India face Rs 730 crore service tax on royalty payments

ONGC, Cairn India face Rs 730 crore service tax on royalty payments

In a setback to energy firms like ONGC and Cairn India, the government will from this fiscal levy service tax of about Rs 730 crore on royalties they pay to the exchequer on oil and gas they produce.

CCEA clears Rs 2,256 crore project for CBEC's GST integration

CCEA clears Rs 2,256 crore project for CBEC's GST integration

CCEA Wednesday cleared a Rs 2,256 crore IT project Saksham of the Central Board of Excise and Customs, which will help integrate CBEC's system with the GST network before the rollout in April next year.

Cabinet approves new indirect tax network 'SAKSHAM' for GST roll out

Cabinet approves new indirect tax network 'SAKSHAM' for GST roll out

The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.

GST Council to finalise registration, other rules on September 30

Moving on fast track to meet the April 2017 GST rollout deadline, the tax department on Monday came out with draft rules relating to registration, invoice and payment which will be finalised by the GST Council on Friday.

GST will make consumer goods cheaper, boost jobs: CBEC

GST will make consumer goods cheaper, boost jobs: CBEC

Spelling out benefits of the Goods and Services Tax (GST), the revenue department on Monday said it will make consumer goods cheaper, increase consumption and generate more employment by enhancing economic activity.

 

These bollywood movie makers, superstars have been issued service tax notices by CBEC –Know

These bollywood movie makers, superstars have been issued service tax notices by CBEC –Know

Seeking to strengthen compliance and verification, the CBEC issued  notice to top bollywood movie-makers and actors asking them to divulge the details of their income.

Customs clearances to get paperless from 2017

Customs clearances to get paperless from 2017

Imports will become easier from the next year as the CBEC is planning to go paperless and move towards a completely integrated Customs system for facilitating documentation and fast-tracking clearances of consignments.

Flyers can now buy duty-free goods worth Rs 25,000

Flyers can now buy duty-free goods worth Rs 25,000

Flyers coming in from abroad can buy goods upto Rs 25,000 from duty-free shops in international airports across the country, a five-time jump from the current limit.

Relief for taxpayers: No recovery during pendency of stay

Relief for taxpayers: No recovery during pendency of stay

In a relief to tax payers, the government has asked taxmen not to proceed with recovery of a 'confirmed' demand in relation to indirect taxes during pendency of stay applications.

Rajasva Gyan Sangam: PM Modi asks tax officers to remove fear of harassment among taxpayers

Rajasva Gyan Sangam: PM Modi asks tax officers to remove fear of harassment among taxpayers

Inaugurating the two-day Rajasva Gyan Sangam at Vigyan Bhavan today, PM Modi asked tax officers to move towards digitisation and make tax administration better and efficient.

 

PM Narendra Modi to inaugurate Rajasva Gyan Sangam today

PM Narendra Modi to inaugurate Rajasva Gyan Sangam today

Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government -- CBDT and CBEC -- during a first-of-its-kind 'Rajasva Gyan Sangam' on Thursday.

 

PM Modi to hold interactive session with taxmen at Revenue 'Gyan Sangam'

PM Modi to hold interactive session with taxmen at Revenue 'Gyan Sangam'

Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government -- CBDT and CBEC -- during a first-of-its-kind 'Rajasva Gyan Sangam' to be held here on June 16.

GST can be implemented any time in 2016: CBEC

Assuring that the revenue neutral rate would not exceed 20 percent, Krishnan said a committee is already working on the Goods and Services Tax (GST) rate structure and is expected to submit its report very shortly.

 

CBEC must aim at 22% growth in service tax collection: Das

Concerned over low service tax realisation, Revenue Secretary Shaktikanta Das Monday asked the CBEC (Customs, Central Excise and Service Tax) to analyse revenue mop-up sectorally and ensure that it grows by 20-22 percent in the fiscal.

New norms for manual scrutiny of service tax returns from August

Central Board of Excise and Customs (CBEC) will start detailed manual scrutiny of service tax returns of assessees based on risk parameters under modified norms from August 1.

Manual scrutiny of Service Tax returns from Aug 1: CBEC

The assessees who are subject to service tax audits would not be covered under the detailed scrutiny programme.

Najib Shah likely to be appointed as new CBEC Chairman

Senior IRS officer Najib Shah is likely to take over as Chairman of Central Board of Excise and Customs (CBEC), official sources said on Monday.

CBEC to popularise Settlement Commission for resolving tax disputes

CBEC to popularise Settlement Commission for resolving tax disputes

The Central Board of Excise and Customs (CBEC) has asked its officials to encourage assessees facing notices to get tax disputes expeditiously resolved through the Settlement Commission mechanism.