"We are looking at actively using audits and scrutiny for improving compliances. We have been able to achieve a big breakthrough in return ...

The taxpayers’ experience in the last four years have been mixed, with the organised and large industry players having easily adapted to th...

Finance and other ministries are said to have already lined up measures for new government.

The tax-GDP ratio is expected to cross 12% in FY19, a new high in over a decade, but lower than emerging market peers.

A number of key decisions are likely to be taken at the meeting including revision in slabs for almost three dozen items.

Getting a country which is the size of India to do a complete transformation has been extraordinary in itself.

The Union Finance Minister Arun Jaitley-chaired council, comprising state finance ministers, will meet through video conferencing.

The 27th meeting of the Council will be held through video conferencing and will also mull over the proposal of converting GSTN into a gove...

According to CII, simplification of GST compliances would result in higher number of returns filed, increased collection of revenues, and e...

"The major problem which is faced by the sector is on the GST front because even if you talk about a very efficient refund system, the refu...

After the meeting, Uttarakhand Finance Minister Prakash Pant said that currently no decision has been taken on simplification of GST return...

The GST Council has a big agenda lined up as it considers more changes to further improve India’s most comprehensive indirect tax reform si...

The tax rate for all restaurants, barring those in luxury hotels, was trimmed to 5%, without any input tax credit.

There is good news on readiness of supply chain involving distributor and retailers with a strong majority of the respondents i.e 72% 'fair...

Simplification of rules and procedures and transparency through use of technology will be the topmost item of my attention in the next few ...

According to the Economic Survey for 2013-14, there is consensus that GST will be a major milestone for indirect tax reform in India.

The government must eschew exemptions. It will bring many untapped sectors under the net, reduce disputes and make tax collections easy.