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GST FACELESS ASSESSMENT
Budget 2025: Key reforms expected in the indirect tax ecosystemThe budget aims to include key sectors under GST, streamline assessment processes, and provide clarity on plant and machinery credits.- EEPC India bats for 'faceless' GST audit systemThe Engineering Export Promotion Council (EEPC) in India has proposed a faceless GST audit system to enhance ease of doing business. This s...
- EEPC India proposes faceless GST audit to empower MSME sectorEEPC India recommends the government to introduce faceless GST audits to help MSMEs reduce compliance costs and concentrate on growth. They...
- Budget 2024 needs to decide if faceless assessment is revolutionising tax landscape or creating hurdles?Union Budget 2024 Tax: The eagerly awaited Union Budget 2024 in India brings focus to refining the faceless assessment scheme, crucial for ...
- Faceless scrutiny assessment under GST may take some time: GSTN officialThe introduction of faceless scrutiny assessment for Goods and Services Tax (GST) returns may be delayed, according to a senior official. T...
- Countdown to Budget 2023: Expectations of MNCsThere are two dimensions where India still falls short of the target based on global benchmarks on ease of doing business (EODB): contract ...
- Faceless scheme: Importers can complain online for delay in clearance of Bill of EntryThe Central Board of Indirect Taxes and Customs (CBIC) has issued an advisory for Anonymised Escalation Mechanism under faceless assessment...
- Use tech tools to improve tax compliance: SitharamanUnion Finance Minister Nirmala Sitharaman has asked tax officials to use technological tools to increase tax compliance and reduce hassles.
- No proposal for scrutiny of GST assessment in faceless mode: MoS Anurag Singh ThakurIncome tax assessments are being done in a faceless manner except in certain conditions and till March 10, a total of 82,072 assessment cas...
- Faceless GST assessment being weighedThe move will be along the lines of the facility for assessment of income tax and customs and is expected to make adjudication and scrutiny...
- India's tax pie gets altered because of pandemic; share of direct taxes dropsThe share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct tax...
- Enhanced IT infra to be key for faceless assessments, appeals regime: PwCAt present, the income tax e-filing portal allows a maximum of 10 attachments at a time and each attachment can be of maximum 5 MB. In the ...
- Lok Sabha passes taxation bill to provide reliefs for taxpayersThe Bill will replace the Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020, promulgated in March. Among others, t...
- Finance Minister defends tax Ordinance, says it was needed to provide relief“There was an urgent need to give relief to the taxpayers… amendments in the clauses was needed to extend compliance dates, waive or defer ...
- Finance Secretary says legacy cases, appeals too will be handled under new ‘faceless’ regimeSpeaking at a webinar on ‘Faceless Taxation’ jointly organised by ETMarkets and Ficci, Dr Pandey said taxpayers would not have to go to the...
- Finance Secretary to detail faceless taxation at ETMarkets-Ficci eventThe government’s latest tax reforms may not have created much of a buzz, but tax experts and policy analysts say this marks a watershed mom...
- View: Prime Minister Modi's changes to taxation are welcome, but are they sufficient?The three pillars to support a transparent taxation system as laid out by the PM are faceless assessments (which have been in the making fo...
- Government raises concern over fake invoicing in B2B trade impacting GST collections"It is not only the government, it is also the industry which also has to play an important role. In GST, we are seeing a lot of fake invoi...
- Report on new income tax law submitted to finance ministryThis report is expected to lay out the road map for the future of individual and corporate taxation in India.
- Modi government to change customs duty architecture to boost trade, ease of doing businessGovt is set to make changes to the customs duty to speed up India’s trade & ease of doing business.
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