GSTN develops New Return Filing System, says Shiv Pratap Shukla
Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Rajya Sabha said that the Goods and Services Tax Network ( GSTN ) is developing a new return
GST Compensation worth Rs. 52077 cr paid to States and UTs, says Shiv Pratap Shukla
The Government has paid GST Compensation to the States/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to
Dept need to reduce Transaction Costs associated with Customs Formalities, says Minister of State for Finances
The Minister of State for Finances, Shri Shukla asked the Customs officials to balance the twin objectives of facilitating the trade and managing the increased risks associated with cross-border trade. He also asked them to
Only 0.5% of Income Tax Returns selected for Scrutiny: Shiv Pratap Shukla
The level of income tax compliance has continuously increased over the last three Financial Years, which is reflected in the number of Income-Tax Returns filed over this period, said Shri Shiv Pratap Shukla, Minister of
GST Evasion: Rs. 9959.29 crore recovered till Dec, says Shiv Pratap Shukla
Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Rajya Sabha last day said that the State has recovered Rs. 9959.29 crore till last month under the
Finance Ministry clarifies Queries on E-Way Bill
The Government has received various representations from Association of Exporters as well as Corporate Bodies seeking clarity on the e-way bill regarding the movement of goods from dry-ports to seaports and from SEZs within the
16.65 Cr Aadhaar Cards linked with PAN, says Shiv Pratap Shukla
As per the latest available information as on 05.03.2018, the number of Aadhaar cards linked with PAN is 16,65,82,421. Further, as on 02.03.2018, 8779.65 Lakhs Current Accounts and Savings Accounts have been linked with Aadhaar.
GSTN started sharing Data with Tax Authorities
The Goods and Services Tax Network ( GSTN ) has started sharing data with the tax authorities in case of any mismatch in the figures reported in GSTR-1 & GSTR-3B or GSTR-3B and that computed
28.4% Growth in E-Returns by Income Tax Payers: Minister Shiv Pratap Shukla
The Minister of State for Finance, Shri Shiv Pratap Shukla has said that there is 28.4% growth in the number of e-returns filed by the income tax payers. There has been a growth in the
No Choice Given to Assessees to Opt for Central or State GST Administration: Shiv Pratap Shukla
The division of assesses between Centre and State is decided by the Centre and State Governments. GSTN got an application developed using which Central and State tax authorities have uploaded the data on the allocation
Net Indirect Tax Collection for April-November is Rs. 6,12,653.47 crore
Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha last day said that the total net indirect tax collection (inclusive of CGST, IGST, and GST-Compensation Cess)
Govt to reduce GST Rates, says MoS Shiv Pratap Shukla
The Minister of State for Finance, Shiv Pratap Shukla said on Thursday that the GST Council is working on rationalising Goods and Service Tax (GST) rates. A big announcement from the government regarding GST is
Govt yet to Recover Tax Arrears of 3579.5 Cr from Service Providers
The Government of India has yet to recover Tax Arrears of Rs. 3579 crores from Service Providers. The Government is aware of instances where taxes are collected by many service providers, hoteliers, traders etc. from the
GST Council took 947 decisions till November, says Shiv Pratap Shukla
Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha last day said that the GST Council has met 31 times so far. Till the 30th GST
Rs. 2,476 cr collected as Tax and Penalty under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, says MoS Shiv Pratap Shukla
The Government has collected Rs. 2,476 as Tax and Penalty under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 said Minister of Finance for State Shiva Pratap Shukla in the