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Latest Articles in hasmukh adhia

No GST On Petroleum As Of Now, Says Union Finance Secretary Hasmukh Adhia

In an exclusive interview with Suman K. Jha of BW Businessworld, Union Finance Secretary Hasmukh Adhia says the far-reaching reforms in indirect taxation actually trundled in without the anticipated side-effects, like an initial drop in revenue or an uptick in inflation

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GST In 'Smooth Phase', Return Simplification High On Agenda: Hasmukh Adhia

Over 1.11 crore businesses have registered themselves under GST. The average monthly compliance of return filing and tax payment is going up in a staggered manner and over a period it is expected to be around 96 per cent

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Unevenness In Taxes Paid By Salaried Class, Business People: Hasmukh Adhia

E-way bill and invoice matching in the new indirect tax regime will help curb evasion

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Revenue Secretary Hasmukh Adhia Designated Finance Secretary

The Appointments Committee of the Cabinet has approved designating Adhia as the Finance Secretary, the order issued by the Department of Personnel and Training said

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GST Council May Finalise E-wayb Bill Rules, Fix Anomalies On 5 August

The GST Council is likely to lower tax rate on Saturday on job works making fabric to garments to 5 per cent and put in place a mechanism for online registration of goods above a certain value before they can be transported

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Over 12 Lakh Businesses Apply For New GST Registration: Hasmukh Adhia

During the course of the year, if a business becomes liable to register under GST, it needs to apply for registration within 30 days from becoming liable for it

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Nearly A Month On, GST Makes Business More Complicated Than Ever

Airlines, for example, are uncertain whether to tax premium economy seats as economy or business class - at rates of 5 percent or 12 percent, respectively

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Tax Base Widens To Rs 6.26 Crore In 2016-17: CBDT

The challenge before the taxmen now remains how to widen the tax net and officials are working towards it

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Sale Of Old Jewels To Attract 3% GST

But, if the jewellery is sold and new one bought through the proceeds, the three per cent tax paid will be deducted from the Goods and Services Tax (GST) payable on buying new jewellery.

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No GST On Rental Income Below Rs 20 Lakh A Year: Hasmukh Adhia

Revenue Secretary Hasmukh Adhia said that if the house property is rent out for shop or office purpose, no Goods and Service Tax (GST) will be levied up to Rs 20 lakh.

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Commercial Rental Income Beyond Rs 20 Lakh To Attract GST: Hasmukh Adhia

Rental income from residential property has been exempt from GST but any earning over Rs 20 lakh annually from renting or leasing for commercial purposes would attract the levy

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Textile Traders Three Day Strike Against GST Ends On 29 June

The three day strike which textile traders sworn on took nasty turns with each passing day with several traders joining the bandwagon to voice their concerns over GST.

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“There’s A Fear Of The Unknown”

With the country set for a July 1 GST rollout, the man driving the mission, Union Revenue Secretary Hasmukh Adhia, opens up in an exclusive conversation with BW Businessworld’s Suman K Jha, and says that there may be some uncertainty in the initial few months, with the people not having enough knowledge, but the situation will ease thereafter

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India Ready For GST, Anti-profiteering Rules Soon: Hasmukh Adhia

The biggest tax reform in India's 70-year history as an independent nation would, overnight, unify its $2-trillion economy and 1.3 billion people into a single market, tearing down trade barriers between more than 30 states and territories

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Civil Aviation Ministry Seeks Deferment Of GST Implementation

According to a senior ministry official, the deferment has been sought as airlines are not yet ready with their systems to be in compliance with GST.

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