New Delhi, September 19, 2017

Companies and taxpayers who have to get their accounts audited will be required to submit their income estimates and tax liability for six months of the financial year to the I-T department by November 15.

New Delhi, September 19, 2017

Intensifying its crackdown on shell companies and their operators, the government has made public names of over 55,000 directors linked to such firms to ensure they do not get associated with similar roles again.

New Delhi, September 19, 2017

Fearing that a staggering Rs 65,000 crore could get stuck in GST refunds, exporters today asked the government to fast-track the refund process and avoid further deterioration in their "liquidity situation".

New Delhi, September 19, 2017

As many as 1,44,496 cyber security attacks were observed in the country in last three years. The types of cyber security incidents included phishing, scanning/probing, website intrusions and defacements, virus/malicious code and denial of service attacks.

Mumbai, September 19, 2017

Several Indian companies, including some large entities, may start receiving notices from Monday on transitional tax credits in the run-up to the introduction of the single producer levy, two people with direct knowledge of the developments told ET.

New Delhi, September 18, 2017

The formal sector employers will be required to intimate about the details of their new employees online to retirement fund body EPFO from October 1, 2017, an EPFO official said today.

New Delhi, September 18, 2017

The Law Ministry has given its concurrence to a draft Bill that will give powers to the government to confiscate property of economic offenders and defaulters who flee India, albeit with a new provision, official sources said.

Mumbai, September 18, 2017

Regulator also allows a REIT to lend to the underlying holding company or special purpose vehicle

Hyderabad, September 18, 2017

9 general insurers have already raised funds through public, private placements

New Delhi, September 18, 2017

As many as 22,949 cases of fraud in both public and private banks came to light in the last five fiscals involving over Rs 69,769 crore

Mumbai, September 18, 2017

The tax office is reopening old records of many companies that have wound up and no longer exist in the books of the government — something the revenue department has rarely done in the past.

New Delhi, September 18, 2017

GSTN says the ‘composition scheme’ for traders with up to Rs75 lakh annual sales is now open till 30 September

New Delhi, September 17, 2017

It will cover bandwith capabilities, robustness of software and security aspects

Bengaluru, September 17, 2017

Group of Ministers head Sushil Kumar Modi says problems are bound to arise initially as this is an uncharted territory

New Delhi, September 17, 2017

Under the new system, assessment zones will be abolished and a special computer software will allocate a taxpayer to any officer anywhere in the country

New Delhi, September 17, 2017

Move could help stabilise IT platform

New Delhi, September 17, 2017

The GST Network (GSTN) today said it has reopened the facility for small taxpayers with turnover of up to Rs. 75 lakh to opt for composition scheme.

New Delhi, September 16, 2017

The Benami Transactions (Prohibition) Act was notified for implementation on November 1, 2016.

Bengaluru, September 16, 2017

GST Council allowed businesses to file GSTR-3B, which is a self-assessment of their sale and purchases, until December

Bengaluru, September 16, 2017

Ramesh (name changed) decided to close his savings bank account in State Bank of India (SBI) and after completing the formalities on Friday, he received an SMS stating Rs 590 has been debited from his account.

Mumbai, September 15, 2017

Govt overhauled bankruptcy laws last year to help banks tackle a $150-billion bad loan issue

New Delhi, September 15, 2017

To encourage small businesses, now exempt from levy, to register for GST

Tax officials are working out strategies to encourage more businesses to register for the Goods and Services Tax (GST) and further increase the taxpayer base.

Mumbai, September 15, 2017

In its attempt to bring more companies under the goods and services tax (GST) umbrella, the tax department is planning to conduct searches and surveys across the country, a senior tax official told ET.

New Delhi, September 15, 2017

CBEC said that as per GST law carry forward of transitional credit is permitted only when such credit is permissible under the law

Mumbai, September 15, 2017

The project will cover 100 cities in the first phase of implementation