Service Tax Dept to focus on 5 evasion prone sectors

Last Updated: Sunday, September 6, 2015, 11:04

"With a view to improve collection, the Service Tax department has prepared sector specific profile of five sectors which are prone to evasion," a senior official told PTI.

Hope "good sense" prevails on Cong over GST Bill: Sitharaman

Last Updated: Monday, August 31, 2015, 22:53

The Centre, which was forced to back track on land bill issue, today expressed confidence that its key reform measure GST will not meet the same fate hoping "good sense" prevails on the main Opposition party Congress on the issue.

Textiles Ministry pushes for lowest GST slab for industry

Last Updated: Wednesday, August 26, 2015, 23:04

The textiles ministry is making out a case for keeping the industry in the lowest slab of the proposed Goods and Services Tax (GST) and has made a pitch for the same to the Finance Minister.

CBEC must aim at 22% growth in service tax collection: Das

Last Updated: Monday, August 24, 2015, 23:15

Concerned over low service tax realisation, Revenue Secretary Shaktikanta Das Monday asked the CBEC (Customs, Central Excise and Service Tax) to analyse revenue mop-up sectorally and ensure that it grows by 20-22 percent in the fiscal.

Arun Jaitley stands firm, says GST Bill will soon see light of day

Last Updated: Monday, August 24, 2015, 21:57

Finance Minister Arun Jaitley Monday said the Constitution Amendment Bill to roll out Goods and Services Tax will soon see the light of day and the Revenue Department is getting ready with three Bills to ensure its implementation.

GST rate to be 'as reasonable as possible': Govt

Last Updated: Thursday, August 20, 2015, 19:14

"Effort of government is to make tax rate reasonable, as reasonable as possible. High tax rate do not achieve the objective of GST," Revenue Secretary Shaktikanta Das said at an Assocham event here.

GST Bill: Traders want PM Modi to hold special session

Last Updated: Monday, August 17, 2015, 23:12

The Confederation of All India Traders (CAIT) has called upon the Prime Minister to convene a special session of Parliament soon to pass the deadlocked GST Bill and has asked parties not to play a "political innings" on the issue.

Use postponement period to fix transitional probs: Shome on GST

Last Updated: Monday, August 17, 2015, 22:45

Former chairman of Tax Administrative Reforms Commission Parthasarathi Shome Monday said government should utilise the postponement period to fix transitional issues relating to Goods and Service Tax (GST).

In run-up to GST, FinMin rechristens Service Tax directorate

Last Updated: Sunday, August 16, 2015, 19:41

Even as the Modi government is yet to cross the Parliamentary hurdle before it can roll out a uniform tax regime, it has rechristened Mumbai-based Directorate General of Service Tax as Directorate General of Goods and Service Tax (DGGST), and shifted it to Delhi.

GST rollout difficult from April if bill not passed now: Mani

Last Updated: Tuesday, August 11, 2015, 19:29

It will become "very difficult" to roll out the new indirect tax regime by the April 2016 target if GST bill is not passed in the current session of Parliament, Chairman of Empowered Committee of State Finance Ministers K M Mani said Tuesday.

Indirect tax revenue surges 37% to Rs 2.1 lakh crore in Apr-Jul

Last Updated: Tuesday, August 11, 2015, 16:01

Indirect tax revenue jumped over 37 percent to over Rs 2.1 lakh crore during April-July period of current fiscal, on the back of higher excise collections.

Keep agri-produce out of GST ambit: PHD Chamber

Last Updated: Friday, August 7, 2015, 21:54

Arguing that expenses related to food constitute a sizeable portion of lower-income households, PHD Chamber Friday said that agriculture and agri-produce including food processing industry should be kept out of GST.