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Finance Miniser Arun...

Base Erosion and Profit Shifting (BEPS) in India

Shabna Rahim

Base erosion and profit shifting (BEPS) refers to corporate tax planning strategies used by multinationals to "shift"...

GST Council Meeting: Decision on Real Estate Sector Deferred

GST Council Meet: Kerala to impose 1% Disaster Cess

Budget Session from Jan 31st to Feb 13, Arun Jaitley to announce Budget on 1st Feb

Centre Cuts Fuel Prices by Rs. 2.50 per Litre: Asks States to reduce Excise Duty [Read Notification]

Cabinet approves Proposal to convert GSTN a Govt Entity

The Union cabinet today approved a proposal to convert the Goods and Services Tax Network ( GSTN ) into a Government owned entity. This was stated by the finance Minister Arun Jaitley. 50 per cent...

GoM finalizes New Simplified GST Return Form

The Group of Ministers (GoM), last day finalized a new simplified model for GST return under the Goods and Services Tax ( GST ). As per the new model, credit could be given on a provisional basis once...

Govt Notifies Finance Act 2018 [Read Act]

The Ministry of Finance on Thursday notified the Finance Act, 2018 applicable with effect from 1st April 2018. Earlier in March, the Finance Bill, 2018 has been passed by the Lok Sabha without any...

GST Council to Review Rules to simplify Return filing Process, says FM

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...

ICAI releases Tax proposals made in Union Budget 2018: Invites Suggestions [Read Proposals]

The Institute of Chartered Accountants of India (ICAI) released tax proposals made in the Finance Bill, 2018 last day before the Parliament. The Institute released a compilation of all the proposals...

Cash Payments exceeding Rs. 10,000 made by Trusts and Institutions subject to TDS : FM

In order to control the cash economy and increase TDS compliance, the Union Finance and Corporate Affairs Minister Shri Arun Jaitley proposed to impose restriction on entities incurring expenditure in...

Budget 2018: Relief for Salaried Class

In order to provide relief to salaried taxpayer, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, proposed to allow a standard deduction of Rs. 40,000/- in lieu of the present...