Brics leaders back deeper tax and customs cooperation under India's chairship, including new tax working groups, a customs pact and joint enforcement initiatives
Authority says electricity charges recovered without any markup or profit, including for HVAC and common areas, can be excluded from the value of maintenance services
Businesses are seeking the ability to set off the tax liability of their unit in one state with the unused tax credit available with its arm other states.
Industry body seeks minimum import price on finished notebooks, anti-dumping probe into Indonesian imports and GST rule changes to ease working capital constraints
August recorded the third-highest monthly eway bill count, signalling sustained momentum in goods movement and formal economic activity ahead of the festive season
The finance minister said the partnership could expand across infrastructure, fintech, clean energy, digital finance and capital markets, backed by Canadian institutional capital
Finance minister will hold bilateral and investor meetings in Canada and the US, and lead the Indian delegation at the G20 finance ministers' meeting in Asheville
Of the 75,155 cases filed before GSTAT, 5,819 have been registered and 83 disposed of, while the tribunal had earlier expected filings of up to 250,000
Centre is discussing the issue with states amid industry concerns that denial of input tax credit on construction of own-use assets raises the cost of large investments
Industry seeks wider GST input tax credit on construction and employee-related expenses, arguing that the current restrictions raise business costs and hurt competitiveness
The department is working with taxpayers and other stakeholders to reduce ambiguity and improve consistency as cross-border transactions and business structures become more complex
The exercise covers entities that sent large sums abroad despite reporting little business activity or not filing returns, along with professionals who certified payments.
Eligible taxpayers can disclose specified foreign income and assets under the one-time scheme till December 31, with a 60 per cent outgo in one category and a ₹1 lakh fee in another
Gujarat High Court has barred GST on corporate guarantees issued before October 26, 2023, while retaining the 1% valuation mechanism for guarantees continuing beyond that date
The finance minister said government support should go beyond funding, with technologies having relevant public applications deployed quickly in districts and public facilities
Direct tax revenue collection so far this year has grown faster than the 15.25 per cent growth needed to achieve the full year target this year, compared to last fiscal's actual collection
