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Revenue Department News

23 Nov 2022

Union Budget 2023: PHDCCI suggests 2-year tax holiday for Covid-hit businesses

Two-year tax holiday for corona pandemic suffers businesses. A delegation of the industry chamber meets Revenue Department for tax exemption. This budget is being presented at a crucial juncture of geo-political uncertainties: PHDCCI

Online betting apps

27 Oct 2022

How offshore online gaming apps are evading taxes, hitting Indian economy

Revenue dept has shared a list of over two dozens offshore online betting apps. Most offshore betting businesses operate from Malta, Curacao, Belize, Gibraltar and Isle of Man that have loose tax regulations. Games of skill are taxed at 18% GST on the platform fee, while games of chance at 28% GST on contest entry amount.

21 Aug 2022

Major reshuffle in Gujarat cabinet, Rajendra Trivedi stripped off Revenue dept

Harsh Rameshkumar Sanghavi has been given the charge of Revenue Ministry as Minister of State (MoS) while Jagdish Ishwar Panchal has been given the charge of Road and Building ministry as Minister of State (MoS).

jammu kashmir news

12 May 2022

Terror Attack in Jammu Kashmir: Terrorists shoot Government employee dead

There has been a terrorist attack in Budgam, Jammu and Kashmir where terrorists shot dead Revenue Department employee Rahul Bhatt.

26 Nov 2021

Use Ola, Uber’s auto booking service? Get ready to pay 5% GST from next year

The Revenue Department through a notification withdrew the GST exemption available to auto-rickshaws. The amendment shall have a direct impact in the case of e-commerce industry players. The new rule will come into effect from January 1, 2022.

Revenue Department

08 Apr 2019

Taxmen to scrutinise mismatch between ITR and service tax returns

Mismatches were also noticed for the financial year 2016-17, for which data is being shared with the field offices.

digital transactions

30 Apr 2018

Do digital transactions and get discount on MRP; govt working on proposal

Businesses, on the other hand, could get a cashback based on the quantum of turnover through the digital mode.

18 Mar 2018

84% of initial GST returns filed for July-Dec don't match with final returns

The revenue department has analysed the GST returns data filed by over 51.96 lakh businesses during July-December, 2017.

20 Jul 2017

Minor reshuffle in Delhi Cabinet, Manish Sisodia gets Tourism Department

Sisodia got the additional charge from Social Welfare Minister Rajendra Pal Gautam, who was handed the additional charge of Registrar of Cooperative Societies.

Revenue Department

14 Jul 2017

No GST on sale of old jewellery, cars by individuals

Revenue department officials said the same principal will apply on sale of old cars or two-wheelers and no GST will be payable even though the supply would be for a consideration.

28 May 2017

Revenue dept sets up twitter handle to answer GST queries

With just over a month left for GST implementation, the revenue department on Sunday started a new twitter handle to answer industry queries related to the new indirect tax regime.

Revenue Department

07 Apr 2017

Tax evasion of more than Rs 1.37 lakh cr detected in last 3 years

The Revenue Department on Friday said it has detected evasion of more than Rs 1.37 lakh crore in both direct and indirect taxes and identified over 1,000 shell companies which indulged in bogus transactions worth Rs 13,300 crore in the last three financial years.

Revenue Department

03 Mar 2017

CBEC asks tax officers to speed up GST migration

The Revenue Department has expressed "serious concern" over delay in migration of excise and service tax assessees to the new GST regime and asked field officers to complete the process by March 31.

12 Feb 2017

Tax officers to file self-appraisal report on e-assessment

Tightening reporting norms, the tax officers have been asked to submit self appraisal reports to the Revenue Department and explain reasons for the "poor performance" in doing e-scrutiny of tax returns.

14 Jul 2016

Govt extends payment date under black money scheme

The government on Thursday extended the deadline for payment of tax and penalty under the black money disclosure scheme and allowed declarants to pay the amount in three installments by September 30 next year.

Duty free shops

06 Jul 2016

Duty free shops to also display price of goods in rupee

Revenue department on Wednesday asked duty free shops at airports to display prices of goods in Indian currency as well as the exchange rate.

Finance Ministry

08 May 2016

Revenue dept taking steps to boost growth, jobs: FinMin

The Finance Ministry Sunday listed out steps taken by the Revenue Department to boost growth and employment by giving relief to small tax payers, businesses and professionals.

Modi government

06 May 2016

Govt orders voluntary retirement for lazy officers

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05 May 2016

On PM Narendra Modi's orders, 33 non-performing officials asked to go: Report

The Centre has ordered 33 senior officials of the revenue department to take premature retirement, apparently due to non-performance, as per a media report.

22 Nov 2015

Government to further simplify ITR forms, sets up committee

Government is looking to further simplify Income Tax return forms to help taxpayers fill them without seeking help from experts and the Revenue Department has set up a committee in this regard.

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