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Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.2% up to October, 2017 at Rs. 4.39 lakh cr

Taxscan Team

The Ministry of Finance has released the data of Direct Tax Collections for the Financial Yeat 2017-18. The provisional figures of Direct Tax...

Cases pertaining to ‘Panama Papers’: Investigation in Full Swing, says Finance Ministry

GST: Govt Notifies Extension of Due Date for filing FORM GST TRAN - 1 [Read Notification]

UAE VAT: Tax Rates are yet to be Finalyzed, says Finance Ministry

Leasing of Vehicles Purchased and Leased prior to GST Rollout would Attract GST, says Finance...

Finance Ministry unveils GST Revenue Figures till 25th Sept, 2017

The Goods and Services Tax (GST) was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total revenue of GST paid under different heads for the...

Finance Ministry advises Tax Payers to Confirm Identities of Income Tax Search Authorities

The Finance Ministry has advised Tax Payers to Confirm Identities of Income Tax Search Authorities. The Income Tax Department in the Delhi region regularly conducts search/survey/verification...

Direct Tax Collections grows 17.5% in April-August, says Finance Ministry

The Direct Tax collections up to August, 2017 in the current Financial Year 2017-18 continue to register a steady growth. Direct Tax collections, net of refunds, stands at Rs. 2.24 lakh crore which...

Demonetisation resulted in Widening of Tax Base & Direct Tax Collections: Finance Ministry

The Government of India launched a concerted drive against black money with Demonetisation being an important step in that direction. Among the main objectives of Demonetisation was the flushing out...

Demonetisation Impact: Digital Payments increases 56%, says Finance Ministry

The Government of India decided to cancel the Legal Tender Status of Rs.1000 and Rs.500 denomination currency notes on 8th November 2016 with several objectives: (i) flushing out black money, (ii)...

Cabinet approves promulgation of the GST (Compensation to States) Ordinance, 2017

The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax...

Govt asks Stakeholders to Approach Authorities/ Courts to Dispose Insolvency Cases instead of DRTs

A recent press release issued by the Finance Ministry asked the Stakeholders to Approach Authorities/ Courts to Dispose Insolvency Cases instead of Debt Recovery Tribunals (DRTs). It has come to...

Supreme Court - DRT - Rent - Amrapali Account - Taxscan

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