Last Updated: Sunday, November 24, 2013, 12:43
A worldwide crackdown on illicit funds has left just four jurisdictions -- Cyprus, Luxembourg, Seychelles and British Virgin Islands -- non-compliant with global tax laws, while India has emerged as 'fully compliant'.
Last Updated: Wednesday, November 20, 2013, 22:41
Excise collection during the April-October period was Rs 89,600 crore, while realisation from customs stood at Rs 98,000 crore, an official said.
Last Updated: Monday, November 18, 2013, 15:55
The Empowered Committee of state finance ministers on Monday unanimously decided to keep petroleum and alcohol out of the proposed Goods and Service Tax stating that these were the main sources of income for states.
Last Updated: Monday, November 11, 2013, 19:59
"VCES is just that. The one who has not paid service tax to draw a curtain on the past and move on to a new chapter in his business. That is what VCES is," he said.
Last Updated: Tuesday, September 17, 2013, 18:58
The Central Government has advised service tax evaders to take benefit of its amnesty scheme to avoid harsh action against them.
Last Updated: Monday, September 16, 2013, 15:53
In line with macro environment, the advance tax collections from the top-100 corporates from the financial capital showed a muted growth for the September quarter, with the outgoes increasing by only up to 8 percent, a senior official said Monday.
Last Updated: Sunday, September 15, 2013, 08:14
The Reserve Bank has designated bank branches of State Bank of India, public sector bank branches, HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank and Kotak Mahindra Bank to collect advance tax payments.
Last Updated: Wednesday, September 11, 2013, 18:25
The Goods and Services Tax (GST) Bill is likely to be taken up in the winter session of Parliament after it is fine-tuned by Finance Ministry following recommendations from the Standing Committee, Minister of State for Finance J D Seelam said Wednesday.
Last Updated: Wednesday, September 11, 2013, 17:49
The Centre has been unable to collect more than Rs 63,000 crore in indirect tax revenue in 2011-12 which were pending due to injunction or appeal among other reasons under a head called 'call book'.
Last Updated: Wednesday, September 4, 2013, 22:45
Pushing for a G20 action plan to combat tax evasion, India on Wednesday said it should not be seen as going after multinational companies avoiding billions in taxes and made it clear they should pay what is due in the country of operation.
Last Updated: Friday, August 30, 2013, 19:32
The introduction of Goods and Services Tax (GST) would not be possible till 2015, Marico Chairman and Managing Director Harsh Mariwala, who is also heading the Ficci task force on the GST, said Friday.
Last Updated: Tuesday, August 27, 2013, 18:13
India is awaiting a response from Mauritius for revision of the tax treaty between the two nations, Finance Minister P Chidambaram said Tuesday.
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