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Latest Articles in hasmukh adhia

GST Rollout: Fin Min Warns Industry Against Hiking Prices Arbitrarily

The tax department may invoke the anti-profiteering clause after the mechanism is put in place and may look into balance sheet of companies if they have gained from the GST and whether the benefits have been passed on to consumers

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FM Arun Jaitley Calls For Expeditious Use Of Penalising Power By Enforcement Directorate

Union Finance Minister Arun Jaitley on Saturday advocated expeditious use of penalising power by the Enforcement Directorate to deal with any non- compliance of the laid-down rules

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Compliance Rating For Industry Under GST On The Cards

Trade and industry will be assigned a 'compliance rating' based on their credibility with regard to timely deposit of taxes to the exchequer and filing of returns under the goods and services tax structure

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GST Not To Be Inflationary, Says Hasmukh Adhia

In an exclusive interview with BW Businessworld’s Suman K Jha, Union Revenue Secretary Hasmukh Adhia answers a range of questions on GST, and says there’s no reason to believe that GST will stoke inflation

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GST Coming July 1 Despite Calls For Delay, Says Revenue Secretary Hasmukh Adhia

India's most ambitious tax reform since Independence would transform its $2 trillion economy and market of 1.3 billion people into a single economic zone with common indirect taxes -- something that neither the European Union nor the United States can boast

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Revenue Department Allows More Time For GST Registration Till April

The revenue department has extended by a month till April-end the enrolment of dealers with GSTN, the IT backbone for the new set-up, as so far only 60 per cent of the existing assessees are done with the switchover

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Govt Exceeds FY17 Tax Collection Target At Rs 17.10 Lakh Crore

The government has exceeded the tax collection estimates for 2016-17 fiscal at Rs 17.10 lakh crore. The revised estimates provided in Budget on February 1 had projected tax collections of Rs 16.97 lakh crore

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Education, Healthcare To Be Out Of GST

Education, healthcare and pilgrimages will continue to be out of service tax net even under the GST regime as the Centre is against giving any shock in the first year of the rollout by bringing in new services

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Personal Income Tax Base Must Be Up Before Corporate Tax Cut, Says Hasmukh Adhia

Two years after it announced plans to reduce corporate tax rate to 25%, the government on Saturday said any such reduction can come after the spread of personal income tax is increased and more people pay taxes

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Start-ups, FDI To Be Exempt From New Tax On Unlisted Firms

Allaying investor fears over levy of long-term capital gains tax on share transfer in unlisted companies, the government on Friday said the move is only to target 'khoka' companies and 'genuine investments' in start- ups and through FDI will be exempt

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GST To Be Simple, Less Burdensome For Industry, Says Hasmukh Adhia

Goods and Services Tax will usher in a very simple and less burdensome taxation regime as it will be a single rate indirect tax which can be paid by debit/credit cards, cheque and NEFT, Revenue Secretary Hasmukh Adhia said on Wednesday

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Who Knew? PM Narendra Modi's Black Money Move Kept A Closely Guarded Secret

With India's most populous state, Uttar Pradesh, holding an election in early 2017 that could decide Prime Minister Narendra Modi's chances of a second term in office, there is little time for the hoped-for benefits of his cash swap to outweigh short-term pain.

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Just Depositing Black Money Doesn't Make It White, Says Revenue Secretary Hasmukh Adhia

Revenue Secretary Hasmukh Adhia on Tuesday said it is wrong to assume that black money that has come into the banking system following the demonetisation will become white and unless tax is paid on such amount it will continue to be remain black

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Income Tax Department Will Not Ask For Source Of Bank Deposits, Says Revenue Secretary Hasmukh Adhia

The tax department will not ask for the source of funds deposited in banks from November 10 -- post demonetisation of high value notes, if the entire income is declared and 50 per cent taxes paid on it, Revenue Secretary Hasmukh Adhia said on Monday

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India To Get Swiss Bank Account Data From September 2018 Onwards

In a big step towards fighting black money stashed overseas, Switzerland on Tuesday (22 November) agreed to automatic sharing of information with India on Swiss bank accounts of Indians as of September 2018 and onwards

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