Page 6 - Revenue Department

FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states

A total amount of Rs 19,742 crore has been released in the first two months of the current financial year

FMCG revenue growth likely to accelerate on low base, healthy demand

Commodity inflation remains area of concern, say firms

Govt appoints Ajai Seth as DEA secy; Tarun Bajaj to take charge of revenue

According to the executive record-sheet, Seth is back in central posting after a gap of 13 years.

We remain optimistic about targets for upcoming fiscal year: Tarun Bajaj

We will have higher revenue, but also our expenditure would exceed the revised estimates in the Budget, said Bajaj

Economic Affairs Secy Tarun Bajaj to take charge of revenue department

Bajaj, an old hand at the Finance Ministry, assumed charge as Economic Affairs secretary in last May

Govt mulls revenue dept restructuring; CBIC, CBDT to focus on collection

People in the know said the government was examining measures like the strengthening of the Central Economic Intelligence Bureau (CEIB)

DRI to discuss trade-based money laundering with global peers on Friday

Global representatives would include those from the Australian Border Force and customs administration of the Netherlands, the finance ministry said

States cut FY20 capital expenditure by 0.6% of GDP, says RBI study

The cut in capex in FY20 was so big that the rate of capital spending to GDP dropped from the 2018-19 levels for all states

Revenue dept official held for accepting Rs 10,000 bribe in Jaipur

The Anti-Corruption Bureau has arrested a revenue department official posted in the Jaipur Development Authority and two middlemen for allegedly taking a bribe of Rs 10,000 from a retired army officer

HC notice to revenue dept over faceless appeals, lists matter for Dec 15

Writ petition says right of virtual hearing is at the discretion of I-T officials, wants scheme declared discriminatory, arbitrary and illegal

ACB raids office of Revenue Divisional Officer in Andhra Pradhes' Nellore

The officials of the Anti Corruption Bureau raided the office of the RDO at Atmakur town of Nellore district in Andhra Pradesh

Use commercial prudence while buying MEIS/SEIS scrips, says expert

The transfer of scrips must be recorded on the DGFT website in accordance with DGFT Trade Notice No. 42 dated January 11, 2019

Govt frames norms to enforce 'rules of origin' for imports under FTAs

The ''rules of origin'' provision prescribes for the minimal processing that should happen in the FTA country so that the final manufactured product may be called originating goods in that country

Customs department asked to dispose of hazardous goods after Beirut blasts

Revenue department sends letter after report last week 740 tonnes of ammonium nitrate was lying in storage near Chennai.

Govt considering easing tax rules to promote start-ups, says official

Talking about the host of measures on which they are working, Mohapatra said the DPIIT will be extending more funds this year to startups under the Fund of Funds scheme

Covid-19 crisis: Govt wants PSUs to ramp up dividends, share buybacks

With Covid-19 set to hit FY21 revenue mop-up, Centre looks for options

Govt to raise Rs 80,000 cr via cash mgt bills to meet liquidity mismatch

Issuance of CMB may mean liquidity available with govt won't be enough, especially after stimulus packages, and in the face of a falling revenue collection due to the nationwide slowdown

HC rejects revenue dept arguments, allows pre-GST credit till June 30

Court says 90-day limit after GST rollout under rule 117 of CGST Act, on which revenue dept relied, is directional, not mandatory

Implementation of Stamp Act changes deferred by 3 months till July 1

Through a notification the Revenue Department said these amended provisions will come into effect from July 1, 2020.

12% tax revenue growth achievable in 2020-21 fiscal, says Revenue Secy

The 2020-21 Budget has pegged gross tax revenues for 2020-21 at Rs 24.23 trillion, up 12 per cent from Rs 21.63 trillion in the current fiscal