Finance Minstry

Blame game on UPI charges: Payments council chief claims banks take away most of the govt incentive

Vishwas Patel, who is also the executive director of omnichannel payments provider Infibeam Avenues, was responding to the Finance Ministry's tweet which said that there is no consideration to levy any charges on UPI transactions.

Indian Finance Ministry officer among 25 global tax experts appointed to UN tax committee

The committee, formally known as the UN Committee of Experts on International Cooperation in Tax Matters, guides countries’ efforts to advance stronger and more forward-looking tax policies adapted to the realities of globalised trade and investment, an increasingly digitalised economy and worsening environmental degradation.

CII writes to finance ministry, suggests ECLGS scheme for stressed sectors

The industry chamber on Sunday said it has recommended this intervention to assist the stressed segments, primarily in the service sectors like hospitality, tourism aviation and retail, as this would not have any impact on the fiscal deficit this year but will provide the much needed liquidity to these sectors which employ a large number of people.

FinMin nod must for organising seminars if expenditure exceeds Rs 40 lakh

According to an office memorandum of the Department of Expenditure, all proposals involving expenses of less than Rs 40 lakh will have to be approved by financial advisor of the concerned ministry.

Expect tax incidence to remain same under GST depsite cess: M&M

The tax incidence will remain more or less the same under GST despite the cess, says Executive Director of M&M, Pawan Goenka. He along the management of several auto companies, discussed transitional issues on GST with Finance Minstry officials today