Revenue Secretary

Arunish Chawla will succeed Sanjay Malhotra who has been earlier appointed as the governor of Reserve Bank of India for a period of three years.

RBI and Fin Min coordination at its best, says Shaktikanta Das in his farewell address

Shaktikanta Das underlined the need to restore the inflation-growth balance as a key task ahead for RBI, which the new governor will take forward.

Govt committed to fairness, simplicity in tax system: Revenue secretary

He said the government's ongoing efforts are to simplify tax laws, improve tax compliance, and support economic growth through prudent fiscal policies and the Union budget was in that direction

Tax on online gaming may be reviewed after March, says Revenue Secy

According to a senior finance ministry official, India will evaluate the national sales tax system for online gaming companies after next month.

Shift to exemption-free tax regime won't hurt India's savings: Revenue Secretary

The revenue secretary has looked to allay fears that the new, voluntary income tax regime - which has been given a decisive push by the Budget for 2023-24 - could hurt the level of savings in the country

GST Council gives nod to decriminalise 3 types of offences, raises limit for launching prosecution to Rs 2 crore

No decision was taken to increase the incumbent tax rate on any item during the 48th GST Council meeting, the finance ministry said.

Sanjay Malhotra takes charge as Revenue Secretary

Senior bureaucrat Sanjay Malhotra is an IIT-Kanpur alumnus and holds a master's degree in public policy from the Princeton University, US.

Capital gains tax regime complicated, clean-up long overdue: Revenue Secretary Tarun Bajaj

Bajaj said the government has received several proposals to simplify the capital gains tax structure, and it is for the policy makers to decide if they want to implement the changes in the Budget for 2023-24.

Windfall gains tax to 'either reduce or go away' as prices come down, says Revenue Secy Tarun Bajaj

"As a policymaker at North Block, I will say windfall gains tax going is good for the economy," Tarun Bajaj said.

Revenue Secretary Tarun Bajaj gets additional charge of Economic Affairs Secretary till August 12

The additional charge has been assigned to Tarun Bajaj as incumbent Economic Affairs Secretary Ajay Seth will be on leave.

Don't know if India ready for one GST rate, says Revenue Secy Tarun Bajaj

The revenue secretary said it would be easier, yet challenging, for the country to first transition the five percent, 12 percent, and 18 percent GST rates into two slabs.

Windfall Tax | Oil marketing companies may bargain with refiners, says Revenue Secretary Tarun Bajaj

The quantum of duties will be reviewed every 15 days to see how the international prices have moved, based on which action will be taken

Govt open to 'some tinkering' in capital gains tax regime: Revenue Secretary Tarun Bajaj

Under the Income Tax Act, gains from sale of capital assets, both movable and immovable, are subject to 'capital gains tax'. The Act, however, excludes movable personal assets such as cars, apparels, furniture from this tax.

Revenue Secretary Tarun Bajaj says concessions for salaried, middle class possible in 2023

Revenue Secretary Tarun Bajaj explained that if the exemption limit is raised from Rs 5 lakh per annum to Rs 6 lakh, more people would begin to file returns with their incomes changed to qualify for the exemption and eventually end up not paying any tax.

Govt to find solution to issue of telecom dues, says Revenue Secretary

Nearly Rs 15,900 crore of non-adjusted gross revenue (AGR) spectrum dues became payable from April 2022.

Simplified GST return forms to be rolled out from April 1: Revenue Secretary Ajay Bhushan Pandey

In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from GST. The 2018-19 budget had estimated annual GST collection at Rs 13.48 lakh crore, which means a monthly target of Rs 1.12 lakh crore.

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).

Revenue Secy, Hasmukh Adhia answers your GST queries

On CNBC-TV18's special show, GST Town Hall, Revenue Secretary, Hasmukh Adhia answers various questions regarding the goods and services tax (GST).

Finance Bill gets presidential assent, takes effect from today

"The President was kind enough to give his assent to the Finance Bill before he left for official visit to Assam yesterday," Revenue Secretary Hasmukh Adhia told PTI here.

Long-term capital gains tax: Clarity awaited on transactions

While the industry perceives the move as a partial relief, it is not yet clear as to what are the list of transactions that will be exempt. A separate circular on this aspect is expected.

Start-ups, FDI to be exempt from new tax on unlisted firms

In an interview to PTI, Revenue Secretary Hasmukh Adhia said securities transaction tax (STT) was levied in 2004 and capital gains made out of STT-paid listed stocks are exempt from long-term capital gains tax.

Industry can do math on GST rate; no need to make guesses: Adhia

The industry doesn‘t necessarily have to wait for the government to announce rates that various categories of goods and services would attract under the government‘s biggest tax reform—the Goods and Services Tax (GST).

See signs of improvement in income tax compliance: Rev Secy

The expenditure proposed in the Budget is at an all-time high, says the Finance Secretary, Ashok Lavasa. And he adds that a sizeable investment was proposed for various rural development programmes.

Budget 2017: Govt demonstrated fiscal prudence in tough situations, says CEA

With tax rate cut to 25 percent for small and medium enterprises with revenue under Rs 50 crore per year, we are ahead of the roadmap, says the CEA. This new tax rate creates a level playing field for all corporates, he adds.

GST to be simple, less burdensome for industry: Revenue Secy

Goods and Services Tax will usher in a very simple and less burdensome taxation regime as it will be a single rate indirect tax which can be paid by debit/credit cards, cheque and NEFT, Revenue Secretary Hasmukh Adhia said today.