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Rajya Sabha passes Finance Bill, 2017 with Five Amendments

Taxscan Team

The Rajya Sabha, today passed the Finance Bill with five amendments.The Lok Sabha, last week had given assent to the Bill with some major amendments. ...

Accommodation Services - Anti-Profiteering Rules - GST - Taxscan

Lok Sabha passes CGST, IGST, UTGST Bills and The GST (Compensation to States) Bill

Jammu & Kashmir will have to pass Special Laws to make GST Applicable

Rental Income, EMIs to attract GST from 1st July

SC confirms use of Aadhaar Card in Filing Income Tax Returns

CBDT issues Guidelines on Waiver of Interest in case of TDS Default [Read Circular]

The Central Board of Direct Taxes (CBDT) on Friday issued a circular saying that the tax department will waive interest liability if the principal demand of capital gains tax is paid by companies. The...

Provisions of ICDS will prevail over Judicial Precedents, says CBDT [Read Circular]

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...

Finance Ministry proposes Aadhaar Mandatory to File Income Tax Returns

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...

Atal Pension Yojana - Aadhar - Finance Ministry - Taxscan

Finance Bill would be passed by the Parliament before the 31st March, 2017, says FM Arun Jaitley

Finance Minister Arun Jaitley releases the Revised General Financial Rules (GFR) 2017. The Union Finance Minister Arun Jaitley said since this time, the Finance Bill would be passed by the...

GST Council approves the Central Goods and Services Tax (CGST) Bill and Integrated Goods and Services Tax (IGST) Bill

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 on...

GST Council proposes 20% peak Tax in Model GST Bill

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 current move is to...

GST Council gives green signal to Compensation Bill

The Goods and Services Tax (GST) council today gave green signal to a bill that will ensure compensation to the states in case of revenue losses arising from a transition to GST. In a press...

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