Monika Yadav
Monika Yadav
Journalist
Journalist
Page 15 - Monika Yadav
GST Council to meet on Sep 3-4 to discuss key reforms in tax system
The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, will discuss major reforms, including rate rationalisation and compensation cess.
 "GST Council to meet on Sep 3-4 to discuss key reforms in tax system")
GoM backs GST rejig; states flag risk to revenue ahead of Council meet
GST Council likely to take up proposal in September; rate cuts expected in October
 "GoM backs GST rejig; states flag risk to revenue ahead of Council meet")
GoM to propose GST exemption on health, life insurance for individuals
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka, who is member of the GoM, said every state wanted health and life-insurance premiums to be exempt from GST
 "GoM to propose GST exemption on health, life insurance for individuals")
Govt likely to revive anti-profiteering rules under GST 2.0 overhaul
Anti-profiteering provisions were first introduced in 2017, when GST replaced multiple indirect taxes and several items had lower tax incidence
 "Govt likely to revive anti-profiteering rules under GST 2.0 overhaul")
Traders likely to keep input tax credit on old stocks in GST revamp
The GST Council is also likely to update the tax administration system to ensure a smooth transition and shield businesses from additional costs
 "Traders likely to keep input tax credit on old stocks in GST revamp")
Govt seeks to revamp entire tax system with GST reform, Income-Tax Bill
The Centre has proposed a two-tier GST with 5 per cent and 18 per cent slabs, along with a 40 per cent slab for a few items in the sin goods category
 "Govt seeks to revamp entire tax system with GST reform, Income-Tax Bill")
'Double Diwali': Rejigged rates, red tape cuts to define GST 2.0
The proposal was announced by the prime minister Narendra Modi from the ramparts of the Red Fort in his independence day speech as a Diwali gift
 "'Double Diwali': Rejigged rates, red tape cuts to define GST 2.0")
PM Modi unveils GST reforms with tax cuts, two-slab structure plan
PM Modi announced "next generation" GST reforms to lower taxes on essentials, simplify rates to two slabs, and ease compliance, with the GST Council to take up proposals soon
 "PM Modi unveils GST reforms with tax cuts, two-slab structure plan")
Expect an income tax refund rush as new law approaches implementation
These refunds, reckoned to be close to ₹1,000 crore, largely relate to tax demand cases in which taxpayers had secured favourable orders from appellate authorities
 "Expect an income tax refund rush as new law approaches implementation")
Net direct tax collection down 4% to nearly ₹6.63 trillion till August 11
Net direct tax collections fell to Rs 6.63 trillion till August 11 in FY26 due to higher corporate refunds, while gross collections also declined 1.9%
 "Net direct tax collection down 4% to nearly ₹6.63 trillion till August 11")
New Income-Tax Bill restores alternate minimum tax relief for LLPs
Lok Sabha clears revised I-T Bill, along with tax law amendments
 "New Income-Tax Bill restores alternate minimum tax relief for LLPs")
India's GCCs too big to bill lightly: Backend hubs face tax claims
The big question: Are these companies paying their fair share of taxes in India? That question has triggered a series of tax disputes between foreign firms and Indian authorities
 "India's GCCs too big to bill lightly: Backend hubs face tax claims")
India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge
July's net GST kitty growth marks the slowest pace since last February from when disaggregated data on gross and net GST collections is available. In June, net GST revenues were up 3.3 per cent
 "India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge")
Direct tax disputes soar 198% amid rising vacancies in revenue dept
In indirect taxes, the number of cases went up from 1.13 lakh to 1.26 lakh, and the value involved more than doubled to ₹7.4 trillion during the same period
 "Direct tax disputes soar 198% amid rising vacancies in revenue dept")
Why are GCCs in India, touted as the next big thing, in a tax tangle?
The key problem, say tax experts, lies in the classification of GCCS and what they do: while tax authorities look at the share of operational work done in India
 "Why are GCCs in India, touted as the next big thing, in a tax tangle?")
No retrospective change in I-T Bill, only simplification: Baijayant Panda
The old law had become so complicated that even experts couldn't give the clear answer, says Panda
 "No retrospective change in I-T Bill, only simplification: Baijayant Panda")
FM Sitharaman flays tax officials, says OGE issuance delays 'unpardonable'
On Income Tax Day, FM Nirmala Sitharaman urges decisive action on pending tax cases, refunds, and grievance redress, calling for accountability and timely implementation
 "FM Sitharaman flays tax officials, says OGE issuance delays 'unpardonable'")
I-T Bill 2025: FinMin rejects demand for time limit on tax pleas' disposal
The finance ministry said the statute only provides for the time-lines and procedural requirements and the mechanism to make appellate procedure more efficient and taxpayer friendly
New NFRA chief Nitin Gupta brings experience of policy and Investigations
Nitin Gupta, the new chief of the National Financial Reporting Authority (NFRA), brings years of experience in policy-making and investigations, particularly in tackling complex financial issues
 "New NFRA chief Nitin Gupta brings experience of policy and Investigations")
Income Tax Bill: Select panel proposes wider transfer-pricing net
Companies wielding substantive influence with other firms may face more scrutiny
 "Income Tax Bill: Select panel proposes wider transfer-pricing net")