Oct 18, 2016 at 18:21 | Source: Moneycontrol.com
If the aggregate value of money received during the year exceeds Rs.50,000 without consideration, then whole of such aggregate value is considered as gift and made taxable. However, there are exceptions to this rule.
Oct 11, 2016 at 14:16 | Source: PTI
Government's policy and new tax rules have encouraged electronic product manufacturing in the country, mainly mobile phones.
Sep 30, 2016 at 20:05 | Source: CNBC-TV18
In its second meeting, the Goods and Services Tax (GST) Council approved five set of draft rules including those for registration, payments, returns and refunds.
Sep 29, 2016 at 20:00 | Source: PTI
To be chaired by Union Finance Minister Arun Jaitley, the Council will also deliberate on a formula for payment of compensation to states for revenue loss in the aftermath of implementation of the GST.
Sep 27, 2016 at 16:56 | Source: PTI
As regards the refunds, the rules specified the procedure for claiming refund of any tax, interest, penalty, fees or any other amount under GST.
Sep 27, 2016 at 08:08 | Source: Reuters
European Union antitrust regulators last month ordered Apple to pay up to 13 billion euros (USD 14.6 billion) in back taxes to the Irish government after ruling that a special scheme to route profits through Ireland constituted illegal state aid.
Sep 26, 2016 at 21:59 | Source: CNBC-TV18
Pratik Jain, leader of indirect tax division at PricewaterhouseCoopers termed most of the draft GST rules as positive. Commenting of the Centres efforts Jain said it is one of the rare times when the government is running faster than the industry.
Sep 26, 2016 at 21:48 | Source: PTI
Moving on fast track to meet the April 2017 GST rollout deadline, the tax department today came out with draft rules relating to registration, invoice and payment which will be finalised by the GST Council on Friday.
Sep 26, 2016 at 21:16 | Source: PTI
In less than a week after the first meeting of the GST Council, the tax department today came out with three draft rules and their formats relating to registration, invoice and payments which would be finalised by week-end.
Sep 26, 2016 at 16:50 | Source: CNBC-TV18
The government Monday moved the Apex Court against a Delhi High Court ruling that slammed the Centre for arresting a senior official of MakeMyTrip for alleged service tax evasion, reports CNBC-TV18.