Finance Ministry also proposed to Aadhaar Madatory for Applying for PAN Card. The Ministry of Finance today proposed the Aadhaar card mandatory to file Income Tax Return (ITR) and applying for a permanent account number

Finance Minister approves the re-organisation of the field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST). Reorganisation of the field formations of the Central

The Union Minister of Finance, Defence and Corporate Affairs, Arun Jaitley asked the representatives of Trade and Industry to ensure that all benefits arising due to implementation of GST from 1st July, 2017 are passed

Union Finance Minister Mr.Arun Jaitley declared in his recent press meets that the Federal Indirect Tax body Goods and Service Tax (GST) council is all set to redecorate return filing process and the main agenda

The Central Board of Direct Taxes (CBDT) today said that the provisions of Income Computation and Disclosure Standards (ICDS), the new accounting standards for computation of business income, will prevail over judicial precedents. ICDS, Income

The Union Finance Minister Shri Arun Jaitley released here today a Booklet containing Frequently Asked Questions (FAQs) relating to Goods and Services Tax (GST). Speaking on the occasion, the Finance Minister Shri Jaitley lauded the

Jaitley says that this e-initiative would not only provide better taxpayer services but would also help in reducing the direct physical interface between assesses and tax assessing authorities.  A new tax payer service module ‘Aaykar Setu’,

The Fiscal Responsibility and Budget Management (FRBM) Committee headed by N.K. Singh, former Revenue and Expenditure Secretary and former Member of Parliament submitted its Report to the Union Finance Minister Arun Jaitley today in his

The Union Minister for Finance and Corporate Affairs, Arun Jaitley proposed that no adjustment shall be made in a case where the circle rate value does not exceed 5% of the consideration. While presenting the

In a meeting held at New Delhi, the GST Council has proposed to raise the peak tax rate to 20 per cent form the current 14 percent in the model Goods and Services Tax Bill.

The Ministry of Finance has notified that the persons who were or currently paying income tax shall not be eligible to join the Atal Pension Yojana launched by the central government to provide financial aid

The Union Minister of Finance and Corporate Affairs, Arun Jaitley exhorted the officers of the Directorate of Revenue Intelligence (DRI), the premier anti-smuggling intelligence and investigation agency of the country, to keep pace with technology

In a press conference held today, the Union Finance Minister Arun Jaitley made statement on ‘Remonetisation and its impact’ to media today. “On the November 8, the Prime Minister had asked for the country to support

The Government is all set to kick start GST from July 1, 2017. The GST Council, in a meeting held on today approved the draft of key supporting legislations. GST is a consumption-based tax levied

Finance Minister Arun Jaitley today presented the Economic Survey 2016-17 in the Parliament today. The Survey suggested that on the question of creating one economic India, technology, economics and politics have been surging ahead. Perhaps,