Hasmukh Adhia

Former Finance Secretary Hasmukh Adhia appointed non-executive chairman of Bank of Baroda

The Appointments Committee of the Cabinet has approved his appointment as part-time non-official director as well as non-executive chairman on the board of Bank of Baroda for a period of three years.

AN Jha is the new Finance Secretary

Prime Minister Narendra Modi led Appointments Committee of the Cabinet has cleared Jha's appointment to the post after incumbent Hasmukh Adhia, a 1981-batch Gujarat cadre officer of the Indian Administrative Service (IAS), retired on November 30.

Will focus on improving tax-GDP ratio, making system assessee friendly: Revenue Secretary Ajay Bhushan Pandey

Pandey, a 1984-batch Maharashtra cadre officer, took over as the Revenue Secretary to the Government of India upon superannuation of Hasmukh Adhia.

AB Pandey takes over as revenue secy; to focus on enhanced tax compliance via technology integration

Pandey, a 1984 batch Maharashtra-cadre IAS officer, will continue to hold the charge as Unique Identification Authority of India (UIDAI) CEO as well as the Chairman of Goods and Services Tax Network (GSTN).

Finance Secretary Hasmukh Adhia to retire on November 30; FM Jaitley applauds his contribution

Recalling Adhia's tenure as Revenue Secretary, Jaitley said tax base and tax realisation saw an "exponential increase"

Boardroom cleanup: About 1.8 million company directors could be dummies

The corporate affairs ministry has launched a mega KYC drive for company directors, in which they have to provide passport, PAN number and contact details such as personal phone number and email address by September 15

No enquiry into gifts sent to Hasmukh Adhia as he didn't accept them: Govt

Adhia, who is also the Finance Secretary, had written that the items were delivered to his house in his absence and therefore, "he could not even refuse them".

Target to roll out new GST return forms by January 1: Hasmukh Adhia

On scope for rationalisation in the highest tax bracket of 28 per cent, Adhia, at an event organised jointly by CNBC-TV18 and PwC India, said reducing the number of items in the tax slab would depend on revenue position of the government.

ED Joint Director attacks Revenue Secretary Hasmukh Adhia

ED Director Karnal Singh said former finance minister P Chidambaram “sported an open and direct grudge against him” because of Supreme Court monitored Aircel-Maxis investigation.

Council to decide on inclusion of natural gas, ATF in GST: Hasmukh Adhia

In an interview to PTI, Finance Secretary Hasmukh Adhia said the call for including the two in GST would be taken up the regime's highest decision making body GST Council.

GST in 'smooth phase', return simplification high on agenda: Hasmukh Adhia

Biggest tax reform since Independence, the GST was rolled out on July 1, 2017 which subsumed over a dozen local taxes. It transformed India into a single market for movement of goods and services.

Single-page GST filing system to be ready in 3-6 months: Hasmukh Adhia

At the April 17 ministerial panel meeting decided to roll out a new simplified model for GST return filing system in single-page, as per which credit could be given on a provisional basis once the supplier uploads the sales invoice.

Confident of meeting FY18 fiscal deficit target, says Finance Secretary Hasmukh Adhia

Adhia further explained that exceeding the budgeted target for direct tax collection, certain 'off-budget funding of projects’, as well as no major expenditure cut is an indication of the path towards meeting the target

Import duty hike in Budget to garner Rs 7,000 crore: Hasmukh Adhia

Explaining the purpose of the duty hike, Adhia said the government wanted to give some comfort to MSME who are in a position to make many of these items.

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A list of important headlines from across news agencies that could help in your trade today.

Rate rationalisation: Govt mulls same GST rate for similar product categories

GST Council meet on Nov 10 will discuss plans to cut multiple rates in related products such as dried fish and whole fish, sugar syrup and chocolate syrup

It will take 6 to 9 months for GST to stabilise: Hasmukh Adhia

`We don’t want to give people the liberty that they have an option to not file returns. We need to have some amount of discipline in compliance’

Revenue secy-led panel to meet exporters today to address post-GST woes

The committee will take up the issue of delays in GST refunds to exporters and the resultant shortage in working capital

Businesses blindsided by unclear GST rules

Ambiguous rules under the new, multi-rate sales tax that went into effect on July 1 have left firms confused on how to price their products. The tax's complex structure - four main rates ranging from 5 to 28 percent - has hurt sales and risks denting economic growth and government revenues in the months ahead.

GST won't succeed, it will lead to inflation: Digvijaya Singh

"Revenue secretary Hasmukh Adhia is an honest man, but they are trying to implement the GST through impractical ways and with this kind of implementation, confusion will be created, which will initially give rise to inflation in the country....The GST will not be successful," he said.