-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...
More »SEARCH RESULT
Total Matching Records found : 874
GST one of the most complex, has second highest tax rate: World Bank report -Asit Ranjan Mishra
-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...
More »Agricultural sector growth slows down to 3%, show new estimates
The Central Statistics Office (CSO) has recently made an upward revision to the growth to be experienced by the agrarian economy in the present crop year (viz. from July, 2017 to June, 2018). The growth in real Gross Value Added (GVA) by the agrarian sector as a whole is expected to be 3.0 percent in 2017-18 as per the second advance estimates of national income for 2017-18, which was released...
More »Black money wall after RTI query
-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...
More »To Harvest Enterprise -Lola Nayar
-Outlook A tax holiday is expected to push more farmers to turn entrepreneurial The Budget’s announcement of a five-year tax holiday for Farmer Producer Organisations (FPOs) with a turnover of up to Rs 100 crore came as a relief to the thousands of farmers who are members of around 4,000 such companies in the country. In December 2017, a sizeable number of farmers gathered at a national conference organised in Pune were...
More »
