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Ministry of Finance

Second Phase of Electoral Bond Scheme to Start from 2nd April: Finance Ministry

Taxscan Team

The Ministry of Finance announced that the second phase of the Electoral Bond Scheme, 2018, a new scheme for ‘transparent’ political funding, from 2nd...

GST: Govt Simplifies Anti-profiteering Form

Finance Ministry Explains Applicability of GST on Skill Development, Start-Ups and Tourism

GST Export Refund: Finance Ministry denies Figures published in Medias

No further Extension to GSTR-1: Govt Confirmed

Virtual Currencies like Bitcoins Not Legal Tender in India, says Govt

Reportedly, the Central Government has clarified that virtual currencies like bitcoins not legal tender in India. However, no notification or statement has been released by the Reserve Bank of India...

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

IT Department to Use Address found in Govt Records for Serving Notices [Read Notification]

The Income Tax department can serve notice to the tax payers’ address found in Government records and the addresses given with bank, post office, insurance companies etc., in case the same was not...

Apprehensions about Tax Demands on Software Industry are without basis, says Govt

The Ministry of Finance, today clarified that the apprehensions about tax demands on software industry are without basis. It was reported in certain sections of the Press that tax officials had...

DRI Strikes Against Black Money - Recovers about Rs.50 Crores of Demonetized Currency

Sleuths of the Directorate of Revenue Intelligence ( DRI ), a pioneer Intelligence Agency of the Government of India, zeroed in on office premises at Bharuch in Gujarat State and recovered about Rs....

Direct Tax Collections for Financial Year 2017-18 show Growth of 14.4% upto November, 2017

The provisional figures of Direct Tax collections up to November 2017 show that net collections are at Rs. 4.8 lakh crore which is 14.4% higher than the net collections for the corresponding period of...

Principal Commissioner is the Competent Authority to receive Revision Application: Govt Amends Central Excise Rules [Read Notification]

While amending the Central Excise (Appeals) Amendment Rules, the Central Government prescribed that revision application in form E.A.-8 can be submitted before the jurisdictional Principal...

Budget 2018: Finance Ministry invites Suggestions from Industry & Trade Associations [Read Letter]

The Ministry of Finance has invited Suggestions from the Industry and Trade Associations for Budget 2018-19 regarding changes in direct and indirect taxes. The Finance Ministry has invited...

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