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'Petrol, realty should come under GST’.


New Delhi: The GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar finance minister Sushil Modisaid here. “Electricity, real estate, stamp duty and petroleum products should become part of GST. This would be our (GST Council) read more »


TT champ busted at airport with 3.9kg of banned drug worth ?60L.


Mumbai: A 19-year-old national-level table tennis player from Mizoram has been caught at the international terminal of Mumbai airport with 3.9kg methaqualone, a banned psychotropic substance. The quantity is worth around Rs 60 lakh.

The narcotics control bureau (NCB) has identified the arrested teen read more »


Proposed direct tax law could trim value of life insurers by 25%.


Mumbai: The proposed new direct tax law will be a setback to shareholders and customers of life insurance companies. According to global actuarial and consulting firm Milliman, the embedded value — a valuation measure for life companies — is expected to drop by 25%. Embedded value is read more »


Cheaper Chinese solar imports hit local cos.


New Delhi: Indian solar module makers are struggling to stay in business as the price differential with imports has widened to 10-12%, prompting developers to opt for overseas supplies and stunting government’s ‘Make in India’ campaign.

Nearly all major domestic players such as Indosolar, read more »


Flyer caught with gold buttons on 48 diapers.


Customs on Sunday recovered gold worth almost Rs 18 lakh concealed as diaper buttons at Pune airport from a flyer who arrived from Dubai. The male flyer who hails from Mumbai was caught with 48 diapers in his luggage. A close check revealed that the diaper buttons read more »


Mumbai duo held in first case of osmium smuggling in the country.


Duo in Jogeshwari arrested for trying to smuggle osmium dust, which can be used as a stabilising agent for nuclear explosive material

In the first case of its kind in the country, two men from Jogeshwari have been held for trying to smuggle osmium read more »


2 bizmen held for smuggling Rs. 82 lakh gold via couriers.


Mumbai: The Directorate Revenue of Intelligence (DRI) arrested two businessmen and seized 4.5kg gold worth nearly Rs 82 lakh and 2.5kg osmium powder, a chemical used to adulterate gold, worth Rs 22.5 lakh.

Feroz Penwala and his aide Huzefa Motorwala had concealed the contraband read more »


Govt spares single-brand retailers from printing MRP - Changes Labelling Norms In Move That May Reduce Prices


New Delhi: In a move that may help bring down prices for consumers, the government has changed labelling norms to exempt single-brand retailers — including, Ikea, Fabindia, Decathlon, H&M and several chains of Future Group — from marking maximum retail price (MRP) on their products.

read more »


PRICES, GST TAKE TOLL - Services activity dips in Nov on higher prices


Activity in India’s dominant services industry shrank in November as rising prices, driven up in part by the new national sales tax, took a toll on both foreign and domestic demand, a business survey showed on Tuesday. November’s Nikkei/IHS Market Services Purchasing Managers’ Index fell to 48.5 read more »


‘GST changes game for tax evaders’.


New Delhi: Finance secretary Hasmukh Adhia said on Tuesday that goods and services tax (GST) will “change the game” for those who avoid to paying taxes. “When GST was introduced it was hailed as a game changing tax reform. Do you know what is game changing? It read more »


Textile imports increase as duty cut bites after GST - Industry Body Asks Govt To Enforce Safeguard Measures


Coimbatore: With textile imports seeing a sharp increase in the past few months, the industry is blaming GST for the rise stating that lower import duties are leading to overseas fabric and garments flooding the Indian market. Cotton fabric imports surged 45% in July, was up 29% read more »


Govt rules out review of GST for restaurants.


New Delhi: The government has ruled out the possibility of any review in the goods and service tax (GST) regime for restaurants, amid intense lobbying by a section of the eateries to restore the benefit of input tax credit (ITC).

Representatives of the National read more »


Centre sets up panel for more GST tweaks.


New Delhi: A panel of industry representatives is set to recommend a fresh set of changes in the goods and services tax to make life easier for businesses.

The six-member committee was set up by the Modi government to provide inputs to the GST read more »


Finmin addl secy will head body to check profiteering.


New Delhi: The government on Tuesday set up the National Anti-Profiteering Authority to act against errant businessmen who do not pass on the gains of GST cuts to consumers. B N Sharma, currently posted as additional secretary in the revenue department, has been appointed as the first read more »


GST collection declines to ?83,346 crore in Oct.


New Delhi: GST collections in October slipped to Rs 83,346 crore, from over Rs 92,000 crore last month, as taxes on most commodities have come down. The total collection of GST till November 27 is Rs 83,346 crore for October and 50.1lakh returns have been filed for read more »


Matching of invoices, returns to start soon - Need For Assessment Of Tax Dues Takes Centre stage Under New GST Regime.


New Delhi: The government will soon start the process of matching returns and invoices under the goods and services tax (GST) as the IT backbone for the tax reform measure stabilises and the need to assess the extent of taxes due takes centre stage, government sources said.

read more »


N K Singh likely to head 15th Finance Commission.


New Delhi: The government is likely to appoint former Planning Commission member N K Singhas the chairman of the 15th Finance Commission, whose constitution was cleared by the Cabinet on Wednesday.

Ex-economic affairs secretary Shaktikanta Das and former chief economic adviser Ashok Lahiri are read more »


Govt clears new finance commission - To Decide On New Formula For Tax Sharing With States.


New Delhi: The Union Cabinet on Wednesday approved setting up of the 15th Finance Commission to decide on the new formula for sharing of resources between the Centre and the states.

The new commission will have a heavier agenda, given major changes following introduction read more »


Road to reforms: Govt sets up panel to rewrite direct tax law - New Draft Code Within 6 Mths | Act Unlikely Before 2019 Polls.


New Delhi: After an overhaul of indirect taxes, the government on Wednesday announced a review of direct taxes, a move that may impact your tax rates and exemptions in the coming years. The review came months after PM Narendra Modi observed that the income tax law was read more »


Cut prices of consumer goods: CBEC chief to cos.


New Delhi: The Central Board of Excise and Customs (CBEC) has asked all consumer goods companies to immediately lower prices of shampoos, detergents, deodorants and other products on which GST was slashed from 28% to 18%.

While several companies have already lowered prices, there read more »


Govt looks to cut GST on white goods - Next Round Of Rationalisation Aimed At Boosting Demand, Helping Women


New Delhi: After consumer products and other daily-use items, the government is now looking to reduce goods and services tax (GST) on consumer durables like washing machines and refrigerators from the current level of 28% as part of the next round of rationalisation.

While read more »


CRACKING THE WHIP - Eateries may land in soup for profiteering after GST cut.


New Delhi: Unhappy with the price hike by restaurants after a steep reduction in the goods and services tax (GST), the government is looking to invoke anti-profiteering provisions.

While restaurants are free to alter prices due to higher costs, most read more »


PASSING ON BENEFITS - Anti-profiteering authority under GST gets Cabinet nod.


New Delhi: The Union Cabinet on Thursday approved setting up of a National Anti-profiteering Authority (NAA) under GST to ensure that consumers get the benefit of reduced prices under the new tax regime.

Law minister Ravi Shankar Prasad said there read more »


Govt asks cos to pass on 8-9% GST gain right away.


New Delhi: The government is asking consumer goods companies as well as others dealing with over 200 items, where the goods and services tax (GST) has been reduced, to immediately pass on the gains to consumers.

A senior officer told read more »


Hotels hike menu rates, govt says it can do little.


New Delhi: Consumers at fast food chains across the country may not be able to enjoy the full gains of the lower GST rate of 5% that kicked in from Wednesday as many restaurants are raising menu prices, citing the Centre’s decision to withdraw credit read more »


Restaurants fall in line on GST.


New Delhi: Restaurants across the country on Wednesday complied with the lower goods and services tax (GST) rate of 5% after initial reluctance to do so, at least from some quarters. The new GST rates for a host of items — from washing powders and razors to read more »


Senior AI staffer held for smuggling ?44 lakh gold - Sneaked Out With Contraband 21 Times Earlier.


Mumbai: The Air Intelligence Unit (AIU) of airport Customs arrested a senior service engineer of Air India, Janardan Kondvilkar, with eight gold bars weighing 1.6kg and worth Rs 44 lakh early on Wednesday. A source at the airport said Kondvilkar had misused his access to the airport read more »


Exports dip in Oct, trade deficit at 3-year high.


New Delhi: India’s trade deficit hit a three year high as exports contracted for the first time in over a year on account of glitches faced after the implementation of GST and exporters front-loading dispatching some of the shipments in September to take advantage of higher duty read more »


POST-GST BOOST - Pharma mkt rebounds, Oct sales rise 6.5%.


Mumbai: After months of sluggish growth in the aftermath of the GST’s implementation, the organised retail pharma market showed the first signs of a revival in October. The market registered a decent growth of 6.5%, with sales of Rs 10,376 crore in October, buoyed by strong growth read more »


GST glitches likely to hit exports in Oct - Rush To Avail Duty Drawback May Take Toll Too.


New Delhi: Exports are expected to shrink in October after several months of increase, with exporters blaming issues related to the implementation of goods and services tax (GST) as well as front-loading of shipments in September to avail of higher duty drawback rates, which are meant to read more »


FM hints at further trimming of GST.


New Delhi: Finance minister Arun Jaitley on Monday hinted at further rationalisation of goods and services tax (GST) rates, while slamming opponents who have been advocating a shift to a single-rate regime in what was seen as a rebuff to Congress vice-president Rahul Gandhi.

read more »


Lifeline for imported life-saving drugs.


New Delhi: The government has offered several exemptions under GST, including on direct sales to patients of imported life-saving medicines, subject to meeting certain conditions, besides clarifying that admission fee charged at “protected monuments” will not be subject to the levy. The government will also clarify that read more »


Carpets may see cut in GST rate from 12% to 5%.


New Delhi: The Goods and Services Tax (GST) Council may lower the rate on carpets at its next meeting amid reports of massive closure of units in Uttar Pradesh and Jammu & Kashmir.

Carpets were earlier exempted from local taxes, and currently face 12% read more »


Couriers prefer low-cost flights in wee hours.


Smuggling in gold without intelligence agencies being able to detect it is a well-oiled operation. Couriers not only work on ‘pre-production’, they also choose flights arriving at a certain time to make it difficult for officials on their lookout.

An analysis of gold seizures read more »


Gold smugglers turn new-age alchemists - Couriers Hide Gold In Circuits, Dissolve Metal In Aqua Regia, Conceal It As Paste In Casts.


Gone are the days when smugglers stuffed their trouser pockets, underwear, abdominal cavity or rectum with gold to evade detection at airports.

Recent seizures made by airport customs and Directorate of Revenue Intelligence (DRI) officials at Chennai, Trichy, Coimbatore and Madurai indicate that smugglers read more »


States Peg Combined Loss At ?20,000 Crore, Centre Says It’s Mostly Notional.


Guwahati: Making the biggest change in the four-month old goods and services tax regime, the GST Council on Friday moved 80% of items in the top 28% tax bracket to lower rates. Starting November 15, eating out could cost 5-6% less than before and a whole host read more »


‘Image problem’ may have led to tweak in tax.


New Delhi: The major changes in GST rates in the 28% bracket and measures to simplify filing and compliance are seen as an effort by the government to correct an “image problem” dogging the tax reform in key consumer and trader constituencies ahead of the Gujarat elections.

read more »


Aug Surplus Clinched GST Cut - Talks On For Shift To Two-Rate Regime.


New Delhi: The Centre and the states have been debating changes in goods and services tax (GST) rates, especially in the top bracket, but it was a surplus earned during August that appears to have finally given both the confidence to move ahead and slash rates on read more »


Individuals to help out with GST returns at seva kendras - Council Set To Cut Rates, Ease Compliance Burden Today.


New Delhi: The government plans to tap the Central Board of Excise and Customs’ vast network of 4,500 GST seva kendras to help small businesses and individuals, who have to comply with the new regulations and file returns. In the process, it will also deploy thousands of read more »


Card, e-wallet payments may fetch GST discount.


New Delhi: Paying by card or an e-wallet may fetch you a rebate in payment of GST as the government plans concessions to make the system more transparent and help reduce cash transactions.

Sources said that move is afoot to put in place a read more »


Survey of bizmen found GST too cumbersome.


A few weeks ago, amid the furore over a massive rise in compliance burden due to the goods and Services tax, the government decided to do a reality check. It set up a few computers and asked several indirect tax officers involved with conceptualisation and implementation of read more »


Centre, states differ on tax credit for restaurants.


Revenue Loss, Leakage Are Key Concerns, Say Officials

Restaurateurs haven't kept a closer watch on developments in Guwahati than they are doing now. And, it has nothing to do with the food business in Assam's capital but with the GST Council meeting where read more »


Panel begins review of GST laws to remove glitches.


Smaller Players Complain Of Rise In Compliance Burden

A committee of government officials has started a review of the laws governing goods and services tax (GST), signalling there is no reluctance to make the regime smoother for businesses, especially the smaller players who read more »


Order rejects Rs 329cr duty bill, DRI to ask for probe.


Adjudicating Authority Gave Tile Co Relief

The Directorate of Revenue Intelligence (DRI) will seek a vigilance probe into an adjudicating authority order that dropped a duty demand of around Rs 329.4 crore to a tile company.

The DRI alleged that read more »


Major rejig in GST rates for goods in 28% slab on anvil.


150-200 Items Across Brackets May Benefit

In a comprehensive overhaul of the four-month old goods and services tax, the Centre and states are reviewing nearly half of the items in the top bracket of 28%, while shifting to quarterly filing of returns for read more »


Trade body accuses Infy of mismanaging GSTN.


Demands CBI Probe Against IT Major

The Confederation of All India Traders (CAIT) has demanded that the government conduct a CBI probe against Infosys for the poor performance of the GST portal.

“Even after four months of GST implementation in read more »


Govt, restaurants spar over GST input credit gain.


Benefit Should Be Passed On To Consumers, Says Centre

The Centre is expected to back the recommendation of a panel of state finance ministers to reduce goods and services tax (GST) on restaurants, while withdrawing the facility of input tax credit, arguing that read more »




As per the Notification No. 35/2017-Cus. (ADD), dated 13-07-2017, Anti-Dumping Duty (ADD) has been levied on import of Ofloxacin Acid (O-Acid) originating in, or exported from, the People's Republic of China. The said goods is specified in column (3) of the table of the said notification falling read more »


`No GST rollback, but open to changes'.


Modi Says Prepared To Pay Any Price But Won't Take Feet Off Reforms Pedal

Faced with the Opposition's criticism of demonetisation and GST, Prime Minister Narendra Modi struck a defiant note on Sunday, saying he was prepared to pay any price but wouldn't read more »


Four arrested for smuggling Rs 45L gold, 2 hid it in rectum.


Two passengers who had arrived from Singapore were among four people arrested at the airport on Saturday for allegedly smuggling gold. In all, 1.6kg of gold worth Rs 45 lakh has been seized, said Customs officials.

The passengers who had flown in from Singapore-Suminder read more »


Cut GST for restaurants, small businesses: Panel


Flat 12% Rate For Standalone Eateries Mooted

A panel of state finance ministers suggested fresh changes on Sunday to the Goods and Services Tax (GST), including a cut in the levy at restaurants and a flat 1% tax for small traders, manufacturers and read more »


GST: Exporters to get tax refund relief


In a relief to exporters, the government is set to restore a majority of benefits under the drawback schemes, meant to reimburse taxes paid by exporters, the latest move aimed at fixing glitches that have emerged since the rollout of the goods and services tax (GST) almost read more »


Cigarettes worth Rs. 6.92 crore seized.


The Directorate of Revenue Intelligence (DRI) on 27-10-2017 seized banned Indonesian cigarettes "Gudang Garam" worth ` 6.92 crore from Bhiwan­di near Mumbai.

This is the first seizure of cigarettes, based on specific intelligence, in­cluding a massive 69.26 lakh sticks that read more »


Adani Group gets clean chit in overvaluation case.


The Adjudicating Authority of the Directorate of Revenue Intelligence (DRI), Mumbai, recently dropped all penal proceedings against the Adani Group in the case of overvaluation in the import of power plant equipment to the tune of Rs1,600 crore.

Additional director general, DRI (adjudication), K read more »


Duty-free shops whether beyond Customs frontier - Petition in Bombay High Court.


SC order on a Bengaluru hotel case referenced; if Plus Max Duty Free has its way, other airports will also be free of State laws

If the owners of the duty-free shop at Pune International Airport have their way, establishments similar to theirs read more »


PM says GST will help consumers, Rahul slams it as `badly conceived'.


Killing Economy With a `Double Tap': Cong VP

The battle lines over GST became sharper on Thursday with PM Narendra Modi putting his full weight behind the tax reform, saying it would benefit consumers, the poor and middle class even as Congress vice-president read more »


Mumbai darshan through Customs Half Marathon.


Former India hockey players Dhanraj Pillai, Dilip Tirkey and Olympian Lalita Babar among big names who are confirmed for October 29 event.

As we gear up for the Mumbai Customs Half Marathon, in association with Mumbai Mirror scheduled for October 29, make sure read more »


FM lashes out at Cong over Rahul's GST remark.


Late Payment Fee For Aug, Sept Waived

The government on Tuesday hit back at Congress vice-president Rahul Gandhi's jibe on goods and services tax (GST) even as it decided to waive late payment fee for taxpayers.

“Those habitual of 2G read more »


Rejig in GST rate structure needed: Adhia


Will Ease Burden On Small, Medium Biz: Revenue Secy

Some rejig in the GST rate structure is required to reduce the burden on small and medium businesses, revenue secretary Hasmukh Adhia has said.

The goods and services tax (GST), which read more »


BANK MANAGER EARNED Rs 18L CUT - DRI: Rs 200cr forex fraud plot hatched at a bar in Thane.


The Directorate of Revenue Intelligence (DRI) officials probing the Rs 200 crore currency declaration form (CDF) scam, said that the conspiracy was hatched at a Thane bar early this year. Ashok Purswani (55), branch manager of Union Bank of India, who arrested on Friday in this case read more »


Slowdown impact of DeMon, GST has played out: Jaitley


There is clear evidence now that the slowdown effect of demonetisation and the goods and services tax (GST) has “more or less played out,” finance minister Arun Jaitley said on Friday.

Addressing businessmen in the US Jaitley, who read more »


Exports grow 26% in Sept, fastest in 6 mths.


Trade Deficit Narrows To Lowest In 7 Mths

Exports grew 26% to $28.6 billion during September, showing its fastest pace of expansion in six months. With imports rising at a slower pace, trade deficit narrowed to its read more »


DRI looks for neta in fake notes scam.


The Directorate of Revenue Intelligence (DRI) probing a fake currency racket involving a politician, a developer and a businessman from Pune are looking for another local politician from Andheri Lokhandwala area. Five days after the DRI arrested three people in the racket, a car read more »


Talks on getting real estate under GST next month: FM


Says Move Will Check Evasion, Lower Levies To Aid Buyers

Finance minister Arun Jaitley has decided to kick off a discussions on expanding goods and services tax (GST) to the real estate sector, a move aimed at read more »


3-decade-old gold smuggling case: Alemaos go scot-free.


It took nearly three decades for the closure of a high-profile gold smuggling case that had all the “potboiler trajectory“ and “parallels to cinema and fiction” and hit the national headlines in the early nineties. There was “more than a touch of magic realism... read more »


Nearly 46 lakh businesses file GST returns for July.


More than 45.99 lakh businesses have filed the final GST returns for July and more than 33 crore invoices have been processed on the GSTN portal.

GST Network (GSTN) said in a statement that as many as 45,99,113 read more »


Direct tax kitty rises 16% to Rs 3.86L cr in April-Sept.


The growth in direct tax collections marginally slowed down in September but with a 15.8% rise during the first half, it was just a shade ahead of the asking rate for the current financial year.

Latest data estimated read more »


Govt may reduce items in 28% slab.


Many Common-Use Products In Highest GST Category, States Complain

The GST Council may reduce the number of products in the highest slab, following a series of complaints by state finance ministers, who have argued that several common-use read more »


Scope to reduce GST slabs, hints FM.


Finance minister Arun Jaitley hinted on Sunday that there was scope for lesser slabs under the Goods and Services Tax (GST) once there was revenue buoyancy.

“We are in the first 2-3 months (of GST implementation). We have space for improvement and need for read more »


Flat 1-5% tax for traders, hotels with Rs 1cr turnover.


PM Narendra Modi, who had on Wednesday promised to remove all impediments relating to GST, welcomed the GST Council's decision to tweak rules on Friday. He tweeted, “Good and simple tax becomes even simpler. Today's recommendations will immensely help small and medium business... GST is in line read more »


Single brand retailers may not need to quote MRP.


The government is likely to change labelling norms to exempt single brand retailers from marking maximum retail price (MRP) on their products.

The European Business Group (EBG), which comprises representatives from companies including Ikea, Hennes & Mauritz AB (H&M) and Decathlon, has been in read more »


Over 40% business entities make zero GST payment.


Little More Than 10,000 Paid Two-Thirds Tax In July: Govt

There may be noise over heavy tax burden on small businesses but initial data does not support the complaint. It turns out that over 40% of the 54 lakh businesses which filed GST read more »


Three brothers held for gold smuggling.


The Customs, probing the 38kg gold smuggling case, arrested four persons, including three brothers who are importers from South Mumbai on Friday.

They arrested Zuber, Aslam and Iliyas Peerzade. Officials also arrested their brother-in-law Rashid, who had separately stolen 2kg gold bars.

read more »


GST gets simpler for small businessmen, exporters.


Rates Cut On 27 Goods With Eye On Gujarat Polls

The GST Council tweaked rules on Friday to make life simpler for small businesses and exporters and also cut rates on 27 products, including man-made yarn, which was a key demand of the read more »


Concerned over GST rollout issues, says Bengal FM.


West Bengal has expressed its “deep concern” over the unpreparedness in the implementation of GST and has urged the GST Council to ensure “serious correction” to the issues faced by the IT network to “regain confidence of businessmen.”

Ahead of the GST Council meeting read more »


Leased vehicles may get GST relief.


Nearly 100 days after rolling out goods and services tax (GST), the Centre and the states are set to reduce the burden on cars that were leased before July 1 and where the tax rate has risen to up to 50%, apart from reviewing work contracts and read more »


4 from Customs team that seized 38kg gold shunted.


Two deputy commissioners of Customs and two superintendents, who were part of the team that seized a record 38kg gold last week, were transferred to insignificant posts.

Sources said that the officers have been transferred because of alleged lapses during the examination of the read more »


GST Council set to give relief to SMEs and exporters today.


PM, FM, Shah Huddle Ahead Of Panel Meet

The Centre will use Friday's GST Council to push through relief measures and calm jittery businesses complaining about the new tax regime. The panel of state and Union finance ministers is expected to ease exporters' read more »


GST puts a premium on honesty: Adhia


Revenue secretary Hasmukh Adhia has worked closely on the implementation of goods and service tax, which he says will deliver results in the long run. In a chat with Sidhartha, he talks about possible changes to address concerns and says some of the noise is due to read more »


2 loaders held with 2kg gold.


Seizure Could Be Part Of 38Kg Recovered In Smuggling Bid

The Customs department on Friday seized 2kg of gold believed to be part of the 38kg gold smuggled in from Thailand, and arrested two loaders, Raju Pradhan and Manoj Desai.

read more »


Small bizmen may be allowed to file GST returns quarterly.


Move Can Ease Their Burden & Unclog System

The government is looking to allow quarterly filing of goods and services tax returns by a vast majority of businesses, instead of monthly, as it seeks to ease the compliance burden on them and also read more »


Customs agent, importer held for Rs 11cr gold haul in city.


Customs officials arrested a customs house agent and an importer in the 38kg gold smuggling case. Two persons, known for facilitating speedy clearance of consignments and who were part of the racket, are on the run, a source said.

Those arrested are the importer, read more »


ED officials look at Rs 1,000cr deals by bullion trader.


The Enforcement Directorate (ED) is examining bank statements and business transactions of Chandrakant Patel of Pushpak Bullions worth Rs 1,000 crore as they suspect that he was involved in hawala, an illegal route for transfer of money.

Officials said they have collected bank transaction read more »


Record 38kg gold haul from ladies footwear import.


In one of the biggest seizures in the past 20 years in Mumbai, the Customs on Thursday seized 38kg gold worth Rs 11.40 crore concealed among ladies footwear in a container.

A Dongri-based importer, Al Reham Impex, had declared the goods as women's bathroom read more »


GST registrations up, but fewer tax returns in Aug.


Bengaluru: The tax base or those registered for GST has gone up in August but the number of filings so far is lower than the previous month as businesses grapple with technology issues and take advantage of the government's decision to waive penalty for late filing.

read more »


GST collection dips 3.6% in Aug on delayed filing.


Goods and services tax (GST) collections dipped 3.6% in August from the previous month as delayed filing on account of technical glitches took a toll on the overall collection. Going by the experience in July, the kitty is expected to swell as more taxpayers pay even though read more »


Will speed up input tax refund to exporters: Govt


Only 33% Impacted By GST Transition

The government is working on speeding up refund of taxes paid by exporters on inputs as it draws up a strategy to boost exports and resolve issues faced by the sector. At the same time, it dismissed read more »


System has enough capacity to handle filings: GSTN chief.


No Deficiency, August Saw Near 30 Lakh Filings: Pandey

The Goods and Services Tax Network (GSTN) is a robust system capable of handling 1 lakh concurrent engagements and there is no need for repeated extensions regarding filing deadlines, GSTN chairperson Ajay Bhushan Pandey read more »


Customs can't deny CCTV footage - Bombay High Court.


The High Court of Bombay at Goa has held that Customs authorities cannot deny DVDs of CCTV footage to the accused persons who want to prove chat they were not smuggling gold at Dabolim Airport in 2015.


CITE 15-20% DIP IN ORDERS - Exporters demand no GST outgo on inputs.


Exporters and industry have cited the fragile export situation to demand modifications in the goods and services (GST) tax regime, with their wishlist including complete exemption from payment of tax on inputs.

In a presentation before a committee headed by revenue secretary Hasmukh Adhia, read more »


Govt readies easier GST compliance for small biz.


Rules To Be Finalized For Entities With Under Rs 20L Turnover

The government is planning an easier set of compliance norms for small businesses with annual turnover of under Rs 20 lakh as it seeks to widen the tax base to plug loopholes read more »




The Central Board of Excise and Customs (C.B.E. & C.) has clarified in para 3 of the Instruction No. 7/2017-Customs, dated 06-06-2017 that Di­octyl Orthophthalate shall continue to be classified under Tariff Item 2917 32 00. Contents of para 3 are as men­tioned below :

read more »

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