Tax Reform

Faceless tax assessment scheme fuels deluge of appeals, puts taxpayers in limbo

Over 6 lakh appeals are pending before the I-T department and tribunal; the finance ministry claims less manpower is leading to the pile-up.

Auto and FMCG | Which companies gain from the tax cut and how may they spend extra cash?

Fin Min starts notifying provisions of GST Act, amends rules

Finance Ministry has started notifying various provisions of law relating to interest calculation, input tax credit and valuation.

GST to benefit consumers, traders in long-term: Venkaiah Naidu

Venkaiah Naidu said there may be some initial "hiccups", but the new tax regime will help consumers and traders in the long-term.

How will GST impact the various segments of Indian real estate?

The Goods and Services Tax (GST) is, beyond doubt, the most revolutionary tax-related reform to be seen in India in several decades. It will eliminate the conflicting and cascading taxation structures, which have confounded &#82

Committed to 'very significant' tax reform by August: Mnuchin

Treasury Secretary Steven Mnuchin said Thursday that he wants to see "very significant" tax reform passed before Congress' August recess, in what could prove a tough task as lawmakers work through a complex agenda.

Home buyers‘ wish-list for Budget 2017: Remove investors, encourage end-users

The Indian home buyers are quite convinced that whatever incentives are given to them in the union budget, will never reach them. The reason: Investors and middlemen in the Indian housing market, will absorb &#82

Sikkim Assembly ratifies GST Bill

Eleven states -- Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra and Nagaland, have already ratified the Bill.

Macros, not Bihar elections, main concern for market

Markets are more nervous about â€œmacro numbers, upcoming budget and tax reform initiatives of the government,â€ AK Bhattacharya of Business Standard said.

GST rollout good for manufacturing but not services: Ambit

The ambitious goods and services tax (GST), which the NDA government is trying to push through, is not as revolutionary as is widely believed and its impact on economic growth, as proposed in its current form, will be mixed at best.

GST rollout: A race against time

The National Institute of Public Finance and Policy (NIPFP), which has been entrusted with recommending on revenue neutral rates, is likely to file its report soon perhaps by this month-end.

Working hard to roll out GST by Apr 2016: Jayant Sinha

With the opposition insisting that the GST bill be sent to a select committee, CNBC-TV18‘ Sapna Das caught up with Jayant Sinha, minister of state for finance, to discuss the tax reform.

Government has made definite progress on the goods and services tax (GST) and it will be rolled out from April 1, 2016.

GST rollout by Apr '15, pan-India presence unlikely: KPMG

Dinesh Kanabar, Deputy CEO of KPMG expects GAAR to be rolled back by at least two-years.

GST roll out difficult until 2015: Harsh Mariwala

GST is a comprehensive tax reform that proposes to replace the plethora of indirect taxes levied by states and the Centre with one tax.

House finance panel calls for scraping of STT, tax reform

The Parliamentary panel on finance headed by Yashwant Sinha of the BJP has reiterated the demand to scrap the securities transaction tax (STT) in its latest report where the panel also discussed various aspects of tax reform. CNBC-TV18's Siddharth Zarabi reports.