Press Release Archive

Direct Tax Collections for FY 2017-2018 show Growth of 15.8% up to Sept, 2017

Author: | Categories: Income Tax No comments
Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.8% up to September 2017 than net collections for corresponding period of last year.   Press Information Bureau  Government of India Ministry of Finance 11-October-2017 15:59 IST Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.8% up to September, 2017 

 

GST rate structure for Petroleum and Oil Sector after recommendations of GST Council

Author: | Categories: GST No comments
GST rate structure for Petroleum and Oil Sector after recommendations of GST Council as per its 22nd meeting held on 6th October, 2017  Press Information Bureau  Government of India Ministry of Finance 11-October-2017 13:53 IST GST rate structure for Petroleum and Oil Sector  To reduce the cascading of taxes arising

 

Transfer Pricing Documentation and Country-by-Country Reporting

Author: | Categories: Income Tax No comments
Transfer Pricing Documentation and Country-by-Country Reporting. Rules 10DA, 10DB and form nos. 3CEBA to 3CEBE proposed laying down guidelines  for maintaining and furnishing of transfer pricing documentation in the Master File and Country-by-Country report. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New

 

Vital information received from banks regarding transactions by suspicious companies struck off by RoC

Author: | Categories: MCA No comments
Vital information received from banks regarding transactions by suspicious companies that had been struck off the Register of Companies  Press Information Bureau  Government of India Ministry of Corporate Affairs 06-October-2017 12:44 IST Government of India receives vital information from 13 Banks regarding the bank account operations and post-demonetization transactions

 

Government reduces Basic Excise Duty rate on Petrol and Diesel by Rs. 2 per litre from 4-10-2017

Author: | Categories: Government No comments
Government reduces Basic Excise Duty rate on Petrol and Diesel by Rs. 2 per litre with effect from 4-10-2017 Press Information Bureau  Government of India Ministry of Finance 03-October-2017 19:33 IST The Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded

 

Bank guarantee not required for export. Letter of Undertaking, in place of bond shall be allowed

Author: | Categories: GST No comments
Bank guarantee not required for exporting goods or services. To facilitate exports under GST, Letter of Undertaking, in place of bond shall be allowed  Press Information Bureau  Government of India Ministry of Finance 30-September-2017 12:55 IST Facility of furnishing Letter of Undertaking extended to more exporters  Small exporters have

 

Total GST collections for July is Rs 94063 crore. Ministry publishes GST collection Figures as on 25th Sep 2017

Author: | Categories: GST No comments
Total GST collections for July is Rs 94063 crore. Ministry publishes GST Revenue Figures as on 25th September 2017 says there are still more returns to be filed.  Whether it is demonetisation or GST, is the only measure of their success left with the Government is Revenue collection? Had