Service tax liability on mutual funds, not their agents

Last Updated: Friday, August 7, 2015, 18:52

In a big relief to mutual fund agents, the government has said that distributors will not have to pay tax on services provided by them and the liability in this regard would entirely be on the fund houses.

Arun Jaitley regrets delay in GST rollout

Last Updated: Wednesday, August 5, 2015, 22:02

Citing slowdown in China, Finance Minister Arun Jaitley Wednesday said India has a chance to become a global manufacturing hub but regretted that Congress was not allowing GST rollout which alone could push GDP by 1 to 2 percent.

Parliamentary logjam holding up GST, other key bills: CII

Last Updated: Tuesday, August 4, 2015, 17:01

Continued logjam in Parliament is delaying passage of key Bills like GST, which are crucial for economic growth, industry body CII said Tuesday.

GST a Congress Bill, party's negativism hurting economy: Arun Jaitley

Last Updated: Sunday, August 2, 2015, 14:39

Racing against time to get the GST bill cleared from Parliament, Finance Minister Arun Jaitley Sunday attacked the Congress for blocking the legislation that it had itself brought in and said 'obstructionist' tendencies and negativism were hurting the country and its economy.

Reasonable rates are key to success of GST: Government

Last Updated: Thursday, July 30, 2015, 15:50

As union cabinet approved changes to the GST Bill suggested by a Rajya Sabha committee, the government on Thursday said it is currently working on the rates to be implemented for the proposed reforms to India`s indirect tax regime.

FinMin working for a reasonable GST rate: Revenue Secy

Last Updated: Thursday, July 30, 2015, 11:20

A day after Cabinet approved incorporation of changes in the landmark GST Bill as suggested a Rajya Sabha Select panel, Finance Ministry Thursday said it is working closely on a "reasonable" GST rate.

Foreign airlines under scanner for alleged Service Tax evasion

Last Updated: Sunday, July 26, 2015, 12:40

Six foreign airlines have come under the lens of revenue authorities here for alleged underpayment of Service Tax believed to be worth several crores.

GST can be an enabler for Make in India initiatives: Assocham

Last Updated: Monday, July 20, 2015, 21:29

Industry body Assocham Monday came out with a set of recommendations on the proposed Goods and Services Tax (GST), saying the rollout may lead to around 1 percent rise in India's GDP growth.

Rajya Sabha panel adopts report on GST; Congress files dissent

Last Updated: Monday, July 20, 2015, 19:58

A Rajya Sabha Select Committee Monday adopted a report endorsing majority provisions of the GST Bill after the Centre agreed to compensate states for revenue loss for 5 years even as Congress filed a dissent note.

Parl panel readies report on GST, govt gives in on major demand

Last Updated: Sunday, July 19, 2015, 19:12

The report will be considered by the Select Committee of Rajya Sabha Monday when it is expected to be adopted for presentation in Parliament which convenes on Tuesday.

Microsoft, TCS, Infosys and others bid for building GST Network

Last Updated: Friday, July 17, 2015, 19:25

Five IT companies, including Microsoft, TCS and Infosys, have bid for building the GST network across the country for smooth roll out of the new indirect tax regime.

New norms for manual scrutiny of service tax returns from August

Last Updated: Friday, July 17, 2015, 17:03

Central Board of Excise and Customs (CBEC) will start detailed manual scrutiny of service tax returns of assessees based on risk parameters under modified norms from August 1.