-Livemint.com Use of population figures from 2011 census instead of 1971 census for sharing Tax Revenue among states triggers opposition from South India New Delhi: A political storm is brewing in South India over what is normally a largely unnoticed bureaucratic exercise undertaken once in five years to determine how India distributes its pooled Tax Revenues among its many states. Several chief ministers and opposition leaders of southern states have expressed vehement opposition...

-PTI NEW DELHI: With only 16 per cent of the summary sales returns under GST matching with the final returns, the revenue department has started to analyse major gaps with a view to check any possible tax evasion. According to the GST returns data, 34 per cent of businesses paid Rs 34,400 crore less tax between July-December while filing initial summary return (GSTR-3B). These 34 per cent of the businesses have paid Rs...

-Livemint.com GST is one of the most complex with the second highest tax rate in the world among a sample of 115 countries which have a similar indirect tax system, says the World Bank The goods and services tax (GST) implemented by the Narendra Modi government from 1 July last year is one of the most complex with the second highest tax rate in the world among a sample of 115 countries...

-The Telegraph New Delhi: A Right to Information applicant has drawn a blank while trying to access studies carried out on black money by autonomous research institutions under the finance ministry, making him wonder whether these documents have been sucked into some black hole. Even the much-touted special investigation team on black money - set up by the Narendra Modi government soon after assuming office - has informed Venkatesh Nayak of the...

-Business Standard The revenue tax collected in the affected villages had been suspended till further order Raipur: Scanty rains during the kharif 2017 had affected over 1.1 million farmers in Chhattisgarh. The opposition Congress members today informed in the Chhattisgarh Legislative Assembly that 1104767 farmers from 11297 villages have been affected by drought. In all, 1028657.812 hectares area had remained dry due to short rainfall. The state government accepted the figure and...