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VAT DUES SETTLEMENT
IBC amendment seeks to end legal confusion and discretionary powerRecent Supreme Court judgments have prompted amendments to India's Insolvency and Bankruptcy Code (IBC). The proposed changes, now before a...
Small traders get relief as Chhattisgarh government waives VAT dues of up to Rs 25k in old casesThe Chhattisgarh government is set to waive VAT dues up to Rs 25,000 for cases pending over 10 years, benefiting 40,000 traders and reducin...
Haircuts need to be less hair-raisingThe finance ministry has begun work on the forthcoming budget. Who should end up holding the can? Is there income in the first place if eve...
NCLAT rejects Satra Properties plea, sends company into insolvencyPraful Nanji Satra, promoter of the listed company, had challenged a plea filed by VISTRA ITCL India with regards to the company's default ...
NRAI writes to FM; seeks financial bailout package; restoration of input tax credit, deferment of advance tax paymentsThe letter requests total and immediate deferment of statutory dues inclusive of GST, advance tax payments, PF, customs duties at the centr...
Maharashtra offers one-time GST amnestyThe Maharashtra scheme provides for settlement of various state tax disputes for the period ending till the introduction of GST on July 1, ...
Pending VAT comes to haunt companies claiming input tax creditA recent circular by the Haryana government specifying circumstances in which input tax credit can be blocked has sparked concerns that oth...
MSME in GST's focus: What's in store the coming months?The sector has faced many challenges both regarding the economies of scale, the lack of high-end technology and other benefits enjoyed by i...
Market movers: India to delay tit-for-tat tariff on US; dollar index gains and oil slipsA lowdown on top macro triggers that may move market on Friday.
Indian Oil, Odisha reach compromise on Paradip refinery tax incentivesOdisha withdrew the incentive this year and sought to recover value-added tax (VAT) from Indian Oil, which obtained a stay from the Cuttack...
Indian Tea Association says pan-India e-auction failed to give resultsSujit Patra, secretary of the Indian Tea Association, said the board has initiated post auction settlement system for pan-India auctions .
Askmebazaar vendors move EOW over duesWhile the company is alleging that the Astro Entertainment Networks (AENL), which owns 98.5% of the company, has not cleared its dues and h...
Tata Power posts Rs 159 crore net profit for Q4 FY15Tata Power today posted a consolidated net profit of Rs 159.14 crore for the January-March quarter of 2014-15 against a loss of Rs 145.33 c...
J&K approves special assistance package of RS 44,000 crore for submission to governmentThe approval to the special assistance package was granted by the state government at a marathon cabinet meeting chaired by Chief Minister ...
Centre likely to frame new guidelines for CST compensation: OfficialGovt decided to constitute two panels to address the issues of compensation, which was scheduled to be rolled out from April 1, 2010.
- Centre must compensate for CST cut: Sushil Modi
CST was reduced to 2% over 3-years ago. "Now the Centre has to compensate states for the loss in their revenue because of this reduction," ...
- TN budget proposes fresh taxes
CHENNAI: Reeling under severe financial crisis for the second year in row, the Tamil Nadu government has come out with a tough budget for 2...