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Department of Revenue News

Revenue collection

26 Jul 2017

Declining telcos revenue may impact govt collections: Manoj Sinha

Revenue collection from telecom services in form of license fee and spectrum usage charges may be adversely impacted in the current fiscal if sales revenue of operators continues to decline, Union minister Manoj Sinha said on Wednesday.

Basic customs duty (BCD)

01 Jul 2017

10% customs duty on mobiles, hike on more items likely

The decision came on the day the government rolled out Goods and Services Tax across the country.

23 Nov 2015

Govt mulls steps to help steel, aluminium sectors

Government is considering "proactive steps" to improve the health of steel and aluminium sectors which are reeling under the impact of decline in global prices, Finance Minister Arun Jaitley said Monday.

20 Sep 2015

Sebi widens black money probe; offshore arbitrage under lens

Widening its probe into suspected tax evasion and laundering of black money through stock markets, regulator Sebi is looking into illicit 'arbitrage' through derivatives trading from offshore locations.

22 Jun 2015

Black money: Compliance window to be short and out soon

They added the window could be kept "as short as possible" as a 'trend analysis' of the subject has shown that the target audience for this special exercise would not be a very large base.

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