‘Last date to avail GST amnesty scheme extended’

The Finance Ministry on Sunday extended the last date to avail the GST amnesty scheme, under which taxpayers have to pay a reduced fee for delayed filing of monthly returns, by three months till November 30. Continue Reading

Tourism sector seeks GST rationalisation

FAITH, the policy federation of all the national associations representing the complete tourism, travel and hospitality industry in India, has made suggestions to the Finance Ministry and Tourism Ministry for GST rationalisation of Indian tourism value chain, to be taken up in the upcoming GST council meeting next week. Continue Reading

Revenue Dept says no instruction given to officials to collect GST in cash

The Finance Ministry has said it has not issued any instructions to officials to ask taxpayers to pay maximum GST liability in cash. Continue Reading

‘Four mid-size banks identified for potential privatisation’

The Central government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said. Continue Reading

Regulation on the cards for steel & cement industry: Govt

In an online meeting with Union Minister of Road Transport and Highways, Nitin Gadkari on 9 January, 2020, with Builders Association of India (BAI), the former assured to resolve many of the issues raised by the infrastructure sector. Continue Reading

India witnessing V-shaped recovery since June

India has been witnessing a ‘V-shaped’ recovery since June with the gradual easing of restrictions on economic activities, said a Finance Ministry report. Continue Reading

CAG seeks performance audit details of PSU banks

The Comptroller and Auditor General of India (CAG) has written to the Finance Ministry seeking details about the ongoing performance audit of government’s massive recapitalisation exercise of public sector banks (PSBs). Continue Reading