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BONAFIDE MISTAKES
Revision of GST returns to be allowed even after deadline in these cases, rules SCGoods and Services Tax (GST): The Supreme Court of India directed the Central Board of Indirect Taxes and Customs (CBIC) to allow a seller ...- SC backs businesses' right to fix GST filing errors, asks CBIC to revise timelinesThe Supreme Court has directed the CBITC to re-examine the GST filing correction timelines, emphasizing that clerical errors should be fixa...
- Nitin Gadkari pitches for permanent cadre for NHAIThe road transport and highways minister said there can be bonafide mistakes, which have to be rectified and also urged the officials to ta...
- Allow rectification of inadvertent, bonafide errors in GSTR forms, HC tells tax dept"The department needs to avoid unwarranted litigation on such issues and make the system more assessee friendly. Such an approach would als...
- Dynamic jurisdiction of ITAT, simpler compliance window being consideredA random, automated process to distribute cases could reduce the scope of corruption, lessen the influence that some of the senior lawyers ...
- Finance Ministry issues uniform norms for accountability to protect bonafide decision of bankersStressing that the new guidelines will surely boost the morale of the PSBs employees immensely, it said banks will have to complete staff a...
- 21 PSBs cloning each other not the way to do business: Rajnish Kumar, Chairman, SBINot every NPA is an act of criminality. We need people of very high integrity in the financial system but mistakes will happen during decis...
- Revise erroneous credit claims under GST by December 27: Government to taxpayersThe shift to Goods and Services Tax (GST) provided for trust-based transition of input tax credit of the existing taxpayers, it said in a s...
- CBI, CVC, CAG not stumbling blocks: BBB chief Vinod RaiHe was delivering a lecture- "Do audit and vigilance lead to policy paralysis in the government"- to Chief Vigilance Officers of some gover...
- Budget 2016: Two-point tax scale may tilt against taxpayers, say expertsJaitley proposed a change in rule aimed at reducing litigation and increasing transparency. But this could end up having the opposite effec...
- My aim is to aid, not block, governance: Chief Vigilance Commissioner KV ChowdaryIn an interview with ET’s Rahul Tripathi Chief Vigilance Commissioner KV Chowdary says his priority is to aid governance.
- Banks get RBI, government support on need to check overt vigilance"The bona fide mistakes made by the bankers while taking commercial decisions should be protected by the Government," RBI Governor Raghuram...
- Education not enough for success: Nilaya Varma, MD, Health and Public Service, AccentureIt is important that the family understands the pressure, or for me to be available for the family and spend a peaceful weekend with my chi...
- 2G: Shahid Balwa seeks withdrawal of statement given in courtShahid Usman Balwa today moved a special court seeking its permission to withdraw answers given by him in response to 2G spectrum allocatio...
- Honest officers should not be harassed for bonafide mistakes: Manmohan SinghManmohan Singh today warned that honest officers should not be harassed for bonafide mistakes made while making "well-meaning" decisions.
- Extent of government interference unknown, Supreme Court to decide: Solicitor General Mohan ParasaranPM is saying that the government’s credibility should completely be safeguarded and restored. We are not here to shield people.
- Prime Minister Manmohan Singh not targeting CAG but only picked holes: GovernmentGovernment has insisted that PM had not targeted the CAG by contesting its report on coal block allocation but only picked faults.
- CBI's probe into Coal & Oil ministries affects work and scares bureaucratsCoal ministry officials said regular visits of CBI officials had affected routine work of their junior staff, which is assisting the agency...
- No witch hunting in the name of fighting corruption: PMFighting the charge of policy paralysis in government, Manmohan Singh asked civil servants to show "boldness" in decision making.
- CAG should enhance skills to serve future needs: PMPrime Minister Manmohan Singh said the CAG had acquitted itself very credibly in the past 150 years but times were changing and so were the...
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