The 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...

India is introducing Unique Identification Marking (UIM) for specific goods like tobacco to combat tax evasion. Non-compliance will result ...

As per the annual report of the Directorate General of GST Intelligence (DGGI), about 46 per cent of the evasion cases related to non-payme...

The Goods and Services Tax (GST) collection was Rs 1.87 lakh crore in April and in the first four months of the current fiscal, the collect...

Audits must be completed within a definite timeline to remove business uncertainty. A common audit manual for the Centre and states, instea...

The panel will "examine the possibility to levy GST based on the capacity of manufacturing unit and special composition schemes in certain ...

With 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 ...

The Council will look at levying the cess at the manufacturing stage based on production capacity as against the current practice of imposi...

Initially, GST Network -- the IT platform for the goods and services tax (GST) regime -- was entrusted with the task of developing the soft...

The duty drawback scheme is aimed at promoting export by compensating all duties or taxes embedded in cost of manufacture of exported goods.

As many as 379 cases of central excise duty evasion were registered by the Directorate General of Central Excise Intelligence during the la...

The Finance Ministry has detected customs and excise duty evasion of at least Rs 1,000 crore between January and July.

Excise duty norms may soon change for some sectors that are prone to tax evasions. Some of these sectors include iron and steel, paper, til...

The Finance Ministry is likely to come out with a plan to gather information on evasion of excise duty through sources like electricity bil...

Concerned over sluggish excise duty collections, Chidambaram on Thursday asked the CBEC to devise a third-party information system, review ...

Dealers and distributors of companies are under a cloud for excise evasion. The Central Board of Excise and Customs (CBEC) has instructed i...

The 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...