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These cases are beside the 1 lakh high-risk cases already identified by the I-T department for scrutiny based on information gathered from banks.
While the benefits that the GST brings are beyond question, business and industry don’t seem to be ready for this historic indirect tax reform.
Aadhaar has undoubtedly become a crucial document not only to establish your identity and avail the government's social security schemes but also for financial matters such as filing tax returns and keeping your bank account active.
The participants, all top fund managers, were split on issue of whether Centre was right in calling MPC members for discussion ahead of policy meet.
The key objective of FMCG companies is to increase profits in June because if profits jump after July, it can’t be attributed to the implementation of GST.
Tax experts say India has made changes in line with the Multilateral Convention of Base Erosion and Profit Shifting (BEPS).
At the last couple of meetings, the council agreed on the rate for all goods and services, following the principle of equivalence vis-a-vis current rates.
The biggest beneficiaries of the open market policy, or globalisation, has been middle-income countries and the continuation of this is in their interest, said Chief Economic adviser Subramanian.
Speaking at an event he said data are the challenge one is facing on important parts of inflation that are behaving other than they have historically.
Finance ministry received various applications from central civil and family pensioners, and registered welfare organisation related to pension problems.
The government has exempted cereals, pulses, atta, maida and besan from the GST, which will be implemented from July 1.
Arvind Subramanian, the finance ministry's chief economic adviser, suggested Indian could lead a coalition of countries with open economies to promote free trade.
In the bimonthly policy announced on Wednesday, the RBI refrained from lowering policy rates even as it lowered inflation and growth targets for this fiscal year.
The biggest beneficiaries of the open market policy or globalisation has been middle income countries and the continuation of this is in their interest.
A joint quarterly review meeting will be undertaken by a committee co-chaired by the DEA and DIPP Secretary on pendency of proposals with the government.
Urjit Patel set the cat among the pigeons when he declared that all the officials of the MPC had declined the finance ministry’s request for a meeting.
The labour ministry has firmed up plans for making a national licence mandatory for staffing firms, but without any net-worth threshold, an official said.
