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Budget 2018: Govt to Mandate Quoting of PAN for Transactions over 2.5 Lakhs

Taxscan Team

In a bid to widen the tax base, the Finance Minister Arun Jaitley, while pronouncing the Union Budget 2018 introduced a provision mandating Permanent...

Govt. proposes Tax Incentive for Promoting Post-Harvest Activities of Agriculture

Bitcoin Tax - Supreme Court Cryptocurrency - RBI -Bitcoin - GST

Bitcoin Holders are under Tax Scanner: Finance Minister

Budget 2018 proposes to Increase Customs Duty on Mobile Phones from 15% to 20%

Incentive For Real Estate : No Adjustment to be Made If The Circle Rate Value Does Not Exceed 5% Of...

Budget 2018: Govt. proposes Tax Incentives for International Financial Services Centres

In the Union Budget presented today, the Finance Minister Arun Jaitley has proposed Tax Incentives for International Financial Services Centres. Transfer of derivatives and certain securities by...

CBEC launches ICETRAK and ICETAB for Trade Facilitation and Faster Clearances

The Central Board of Excise and Customs (CBEC), the apex indirect tax body in India, have launched two technology platforms i.e., ICETAB & ICETRAK as part of the effort towards improving ease of...

Finance Minister Present Economic Survey 2017-18 in Parliament

The Ministry of Finance has presented Economic Survey 2017 - 18 in the Parliament today. A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this...

Govt Notifies Change of GST rates on Services recommended by GST Council [Read Notification]

The Central Government today notified the change in rate of Goods and Services Tax (GST) as recommended by the GST Council in its last meeting. The Union Finance Minister Arun Jaitley Chaired the...

GST Cess on Pan Masala likely to be levied at Manufacturing Level

In order to curb tax evasion, the Government is likely to impose the GST cess on pan masala at the manufacturing stage itself based on production capacity. The most powerful Goods and Services Tax...

Lok Sabha passes GST (Compensation to States) Amendment Bill 2017 [Read Bill]

Amidst the ruckus, Lok Sabha on Wednesday has passed the Goods and Services Tax (Compensation to States) Amendment Bill 2017. Last week, the Union Finance Minister Arun Jaitley had introduced the...

Finance Minister Enumerates Measures taken by Govt to Curb Parallel Economy and Unaccounted Transactions

The Government has taken several measures to effectively control and curb the prevalence of parallel economy and unaccounted transactions. Major steps in this regard constitute:- Enactment of...

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