Wed, Jun 27, 2018
The biggest tax reform since Independence, the GST was rolled out on July 1, 2017. The average monthly compliance of return filing and tax payment is going up in a staggered manner and over a period it is expected to be around 96%, Adhia said.
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Fri, May 04, 2018
According to the finance secretary, simplification of GST returns filing has been a long-time agenda before the council, and added that single filing return will be applicable for everybody except for businesses opting for composition scheme and filing nil returns. Adhia stated that the new single monthly return for B to C will comprise details of total turnover, and for B to B will consists the details of all sales invoices along with 4-digit HSN code.
Tue, Feb 06, 2018
The doemstic share market was mimicing weakness in global equity market and it cannot be attributed to LTCG tax levy alone, said the Finance Secretary.
Mon, Feb 05, 2018
The government has also reportedly asked tax officials not to pursue cases against startups
The sell-off in equity markets is due to a weak global sentiment and not beacause of long-term capital gains tax announced in the budget, Finance Secretary Hasmukh Adhia said today.
Sun, Feb 04, 2018
Finance Secretary Hasmukh Adhia said if the salaried class pays up to 30 % income tax after toiling, it is fair that those who make huge returns on stock market investment are brought into the tax net
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