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Manmohan Singh 1991 Budget: Full speech of a budget that changed our fortunesManmohan Singh, as Finance Minister in the early 1990s, introduced critical reforms to liberalize, privatize, and open India's economy duri...- GST Council approves 'Track and Trace Mechanism' to curb evasionThe GST Council approved a 'Track and Trace Mechanism' for evasion-prone goods, using unique identification markings. Rate cuts were announ...
- GST Council clears "track and trace" mechanism, cigarettes and pan masala likely first targetsThe GST Council will track cigarettes and pan masala to stop tax evasion. A unique code will be placed on products. This will help the gove...
- Unique ID to be deployed to check GST evasion in select commoditiesIndia is introducing Unique Identification Marking (UIM) for specific goods like tobacco to combat tax evasion. Non-compliance will result ...
- The state of CBDCsThis week the International Monetary Fund (IMF) released a report outlining six case studies of central bank digital currencies (CBDCs).
- GoM to examine levy of GST at manufacturing stage for pan masala, brick kilns sectorsThe panel will "examine the possibility to levy GST based on the capacity of manufacturing unit and special composition schemes in certain ...
- GST officers to be soon armed with real-time data on vehicles moving without e-way billsWith effect from Jan 1, 2021, the government has integrated RFID/FasTag with the e-way bill system and a transporter is required to have a ...
- World steps up to study India's cash ban while Modi looks awayThe Centre hasn’t assessed the impact of one of history’s most sweeping changes in currency policy.
- GoM on sops for digital payments under GST to study revenue impactThe Bihar Deputy Chief Minister further said that the Group of Ministers will meet again in 10 days and finalise its view, which would be p...
- GSTN to rope in private entities for tax payer profiling, fraud analyticsThe analytics company to be roped in will have the mandate for designing and developing a Fraud Analytics System through tax payer profilin...
- GST anti-evasion: Cess likely on pan masala at manufacturing stageThe Council will look at levying the cess at the manufacturing stage based on production capacity as against the current practice of imposi...
- Ready-made garments export under scanner for tax scheme misuseThe duty drawback scheme is aimed at promoting export by compensating all duties or taxes embedded in cost of manufacture of exported goods.
- Tax frauds by exporters cost govt Rs 3,500 cr in 3 yrsThe government has unearthed more than 1,300 cases of tax frauds by exporters that has cost the exchequer a huge Rs 3,500 crore in the last...
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