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CENTRALISED REVENUE AUTHORITY
A warning to critical minerals buyers: Avoid butter mountains, aluminium floodsWestern nations are investing heavily in critical minerals to reduce dependence on China. However, experts warn this could lead to a surplu...- Global Market: Oil crisis and strong dollar intensify pressure on Asian currenciesAsian economies face a global energy shock. Policymakers are enacting emergency measures as currencies weaken and fuel costs surge. India u...
- Nykaa, Honasa Consumer profits pop; Viral 'Cockroach Party' curbed on XNew-age companies Nykaa and Honasa Consumer posted multifold jumps in their quarterly profit. This and more in today’s ETtech Top 5.
- Online gaming companies seek a clear regulatory playfieldIndia's online gaming sector is approaching the Ministry of Electronics and Information Technology for guidance on new gaming rules. Compan...
- Monitoring monetisation targets: A scalable InvIT approachFacing fiscal challenges, the government can leverage Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) t...
- Comptroller and Auditor General announces 2 centralised cadres for revenue, expenditure auditsThe Comptroller and Auditor General is establishing two new specialised audit cadres. These will be the Central Revenue Audit Cadre and the...
- Customs revises arrest, seizure reporting with focus on digital trackingThe Central Board of Indirect Taxes and Customs has changed customs arrest and seizure reporting. Officials must now include Digit ID and a...
- GST notices from different states make life difficult for many companiesThe number of such notices from states, seeking documents and representations as part of tax scrutiny, has increased significantly since th...
- Fixing the bleed: India is losing billions to GST tax evasion, and it needs to act fastSeveral measures such as reporting of outward supplies, matching of input tax credits have resulted in identifying issues of fake invoicing...
- GST registration after physical verification of biz place if Aadhaar not authenticated: CBICIn a notification, the Central Board of Indirect Taxes and Customs (CBIC) said when an applicant for GST registration opts for authenticati...
- GST Council may consider national bench of AAAR next month; move to give certainty to taxpayersThe AARs in different states have passed about 470 orders, while AAARs have disposed of around 69 cases till March 2019.
- No centre-state wall: Officials handling GST can assess allIndustry fears getting caught in a crossfire between the Centre and state officials for enforcement action.
- GST: Centre planning to revamp AAR mechanism to deal with contradictory rulingsMost states are yet to set up the GST appellate authority that are meant to appeal against verdicts of the Authority for Advance Rulings (A...
- Single GST registration for airlines, banks on the anvilA single registration will potentially solve a majority of the compliance problems that services companies have been complaining about.
- Joint & additional secretaries of ministries give 40 suggestions in interaction with PM ModiModi said speed of decision making is important and routine measures like making minutes of the meeting should not take more than 48 hours.
- Levying cess on more items could make GST anomalous: ExpertsThe GST Council hearing out concerns of specific industry representatives is a welcome move adding suggestions like centralised registratio...
- Change in Registration Act likely to mention ‘daughter’The government has proposed a small but significant change in the British-era Registration Act of 1908.
- AIADMK wants CB-CID probe into fake certificates' racketDeputy Legislature party leader A.Anbalagan alleged that 'fake certificates' were issued to candidates through a joint arrangement by sport...
- Multi functional complexes at five stations soonRailways have introduced the concept of MFC at railway stations beginning year 2009-10 for developing facilities for rail users at one cent...
- CBDT plans to increase transparencyIndividuals as well as corporates may have fewer occasions to meet the taxmen in future.
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