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Vietnam issues Draft Pronouncement on Tax Administration, Transfer Pricing, Minimum Basic Wage and Personal Income Tax

The Vietnam Ministry of Finance has issued the draft pronouncement amending certain tax rulings. Some of the main aspects of the draft include: ...

Bhutan Introduces Revolutionary GST Reform

Oman to Exclude VAT from 2020 Budget

Supply of a Bundle of Services at a Single Price, If not Composite, then Mixed Supply under Sec...

Panel for Direct Tax Code seeks Three-Months Extension

GST: Govt to take Lenient Approach on Taxpayers till Election

The Government may take a lenient approach on the taxpayers under the GST towards the businesses till the Loksabha elections. The authorities will, however, continue to collect data on transactions...

India levies 200% Customs Duty on Goods from Pakistan [Read Notification]

On Saturday, the Ministry of Finance has increased the customs duty to 200 per cent on all goods imported from Pakistan, following revocation of the ‘most-favoured nation’ status in the aftermath of...

CBDT forms Committee to examine Suggestions and Issues on Litigation Management [Read OM]

The Central Board of Direct Taxes ( CBDT ) has constituted a committee to examine the suggestions and issues on litigation management emerging from Judicial Conference. As per the discussion held...

Jaitley misses Budget: Piyush Goyal appointed as Interim Finance Minister

Union Minister Piyush Goyal temporarily assigned charges of Finance Minister of Finance and Corporate Affairs in addition to existing portfolios. Union Minister Arun Jaitley, 66, had left for the...

GST Council extends Last Date for Passing GSTP Exam

The GST Council, in its 32nd meeting held at New Delhi, has decided to extend the Last Date for passing the examination for GST Practitioners till 31.12.2019. This is for those GST Practitioners who...

Tax Evasion of Rs 29,088 crores detected during this FY

The Investigation Wing working under the Ministry of Finance has detected a scam of Rs 29,088 crores in 1,835 tax cases in this financial year from April to October 2018, a senior official said...

Justice Pradipkumar Premshankar Bhatt appointed as ITAT President [Read Notification]

The Central Government has appointed Justice Pradipkumar Premshankar Bhatt, Former Judge, High Court of Gujarat, as President, Income Tax Appellate Tribunal. The appointment is valid with effect from...

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