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CENTRE ADMINISTERED TAXPAYERS
CBIC rolls out module for automated scrutiny of GST returnsIn the module, discrepancies on account of risks associated with a return are displayed to the tax officers.
GST Council clarifies jurisdictional issues; enforcement action must follow show-cause noticeIn order to resolve the jurisdictional issues while dealing with enforcement cases, the GST Council has clarified that the tax authorities,...
Search and seizure, international tax cases out of faceless assessment ambit: CBDTThe CBDT, which administers personal and corporate income tax, directed that "all assessment orders shall hereafter be passed by National e...
GST evasion: Centre, state tax officers to share taxpayers information to tighten enforcement"CBIC launches application for sharing information between Centre and State for targeted enforcement action against GST evasion. A big leap...
Single authority for sanctioning, processing GST refunds likely by AugustThe current mechanism entails a twin refund sanctioning authority of the central and state tax officers.
State vs Centre: Now central offices can scrutinise companies under state jurisdictionThe CBEC asked central tax officers to initiate action if they detected tax evasion based on intelligence inputs even in companies that fal...
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: A circular that could lead to turf war between states and centreTax experts had predicted that richer states, like AP, Tamil Nadu, Maharashtra and Gujarat, may get aggressive as they could see fall in th...
Government frames parameters for division of taxpayers under GSTStates will administer and control 90 per cent of the assessees below Rs 1.5 crore annual turnover, and the remaining 10 per cent coming un...
GST success depends on preparedness of businesses: Parthasarathi ShomeThe fiscal policy expert reckons that the Centre and states will be forced to make improvements in the GST design if taxpayers find it diff...
Improvements in GST feasible as we move along, says Partho ShomeGST is meant to create a seamless common market, and the Centre is hopeful of rolling out the new levy on July1, this year.
Arun Jaitley looks to break deadlock at GST meeting tomorrowThe GST Council will meet for the ninth time tomorrow with the issue of who gets to administer the Goods and Services Tax (GST) being the s...
Prickly issues may delay GST rolloutThe meeting of GST Council made little headway in brokering a solution even as non-BJP ruled states saw September as more likely deadline f...
Constitution says centre should levy iGST: Law MinistryThe Centre, which is keen to break the impasse over the division of tax administration, had sought the law ministry’s opinion on the states...
Ceding control of GST admin to states will disempower centre: CBECStates including WB, Kerala, Uttarakhand, UP and TN have insisted on exclusive control over small taxpayers, who earn less than Rs 1.5 cror...
States' demand of sole control in GST disempowers Centre: CBECThe issue of administrative control on assessees in the new tax regime was discussed by the all powerful GST Council, comprising Union Fina...
Centre to share model GST law with states tomorrowCBEC has taken up Goods and Services Tax as the theme for its IITF pavilion and it tries to educate people about the new taxation regime.
Centre, states may rotate top taxpayers post GSTThe Centre had mooted a detailed administrative framework without any threshold of exclusive state jurisdiction and also ensuring that a ta...
GST: Centre reaches out to states proposing sharing of powers in administrationThe centre has proposed a framework that will allow both administrations to deal with taxpayers sans any limit but without crossing each ot...
- Centre criticised for granting relief to Jet and Kingfisher
Left parties said the ‘bailout package’ for airlines was yet another instance of “socialisation of corporate losses” by the Manmohan Singh ...