Banks not yet prepared for GST roll-out: IBA to Parliamentary panel
With less than a month left for the rollout of the GST, the Indian Banks' Association (IBA) has informed a Parliamentary panel that lenders are not yet geared up for implementation of the new indirect tax regime.
Jun 04, 2017, 16:16 PM IST
Income Tax refunds worth Rs 1.22 lakh crore issued in FY’16: Govt
The Income Tax department has issued 2.10 crore refunds totalling over Rs 1.22 lakh crore in 2015-16, which saw 94 per cent the returns being filed online.
May 06, 2016, 15:05 PM IST
Indirect tax collection grows by 34% in Apr-Nov period
Reflecting improvement in industrial activities, indirect tax collection jumped 34.3 percent to Rs 4,38,291 crore during the first eight months of current financial year.
Dec 09, 2015, 20:35 PM IST
Govt eases penal provisions for customs, excise offences
In a bid to reduce harassment of overseas travellers, the government today eased the penal provisions by raising fourfold to Rs 20 lakh the limit of undeclared or mis-declared baggage that will attract arrest or prosecution.
Oct 23, 2015, 21:07 PM IST
CBEC must aim at 22% growth in service tax collection: Das
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.
Aug 24, 2015, 23:15 PM IST
Over Rs 74,000-cr unrealised tax revenue; CAG for close review
Over Rs 74,000 crore in central excise and service tax revenue is pending realisation for 2012 -13 on various grounds, including that of injunction or appeal.
Sep 22, 2014, 16:58 PM IST
