Last Updated: Wednesday, November 27, 2013, 20:24
Assessees paying excise duty and service tax of Rs 1 lakh will have to mandatorily pay the levies electronically with effect from January.
Last Updated: Tuesday, November 26, 2013, 23:27
Cautioning tax evaders, Finance Minister P. Chidambaram Tuesday said the central government was in a position to trace defaulters by constructing their full profile and possessed dossiers on them.
Last Updated: Sunday, November 24, 2013, 13:42
Amid rising concerns on the protection of tax base by countries across the world, a white paper by CII-EY has suggested that the Indian government provide a stable tax environment and simplify procedures in sync with global practices.
Last Updated: Sunday, November 24, 2013, 13:39
All Swiss banks put together managed assets totalling 5.57 trillion Swiss francs (over Rs 383 lakh crore) at the end of 2012, out of which 51 percent came from abroad, after an increase of over six percent during the year.
Last Updated: Sunday, November 24, 2013, 12:43
A worldwide crackdown on illicit funds has left just four jurisdictions -- Cyprus, Luxembourg, Seychelles and British Virgin Islands -- non-compliant with global tax laws, while India has emerged as 'fully compliant'.
Last Updated: Wednesday, November 20, 2013, 22:41
Excise collection during the April-October period was Rs 89,600 crore, while realisation from customs stood at Rs 98,000 crore, an official said.
Last Updated: Monday, November 18, 2013, 15:55
The Empowered Committee of state finance ministers on Monday unanimously decided to keep petroleum and alcohol out of the proposed Goods and Service Tax stating that these were the main sources of income for states.
Last Updated: Monday, November 11, 2013, 19:59
"VCES is just that. The one who has not paid service tax to draw a curtain on the past and move on to a new chapter in his business. That is what VCES is," he said.
Last Updated: Tuesday, September 17, 2013, 18:58
The Central Government has advised service tax evaders to take benefit of its amnesty scheme to avoid harsh action against them.
Last Updated: Monday, September 16, 2013, 15:53
In line with macro environment, the advance tax collections from the top-100 corporates from the financial capital showed a muted growth for the September quarter, with the outgoes increasing by only up to 8 percent, a senior official said Monday.
Last Updated: Sunday, September 15, 2013, 08:14
The Reserve Bank has designated bank branches of State Bank of India, public sector bank branches, HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank and Kotak Mahindra Bank to collect advance tax payments.
Last Updated: Wednesday, September 11, 2013, 18:25
The Goods and Services Tax (GST) Bill is likely to be taken up in the winter session of Parliament after it is fine-tuned by Finance Ministry following recommendations from the Standing Committee, Minister of State for Finance J D Seelam said Wednesday.
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