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Finance Secretary Hasmukh Adhia

One year of GST: Hasmukh Adhia says tax entered smooth phase in just 12 months

One year of GST: Hasmukh Adhia says tax entered smooth phase in just 12 months

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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GST Council meet: Single monthly returns for businesses coming, but not very soon

GST Council meet: Single monthly returns for businesses coming, but not very soon

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.  

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Domestic market would stabilise soon, says Hasmukh Adhia

Domestic market would stabilise soon, says Hasmukh Adhia

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.

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Startups floated before 2016 may get breather from angel tax

Startups floated before 2016 may get breather from angel tax

Mon, Feb 05, 2018

The government has also reportedly asked tax officials not to pursue cases against startups

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Equity market sell off due to global cues, not LTCG tax: Hasmukh Adhia

Equity market sell off due to global cues, not LTCG tax: Hasmukh Adhia

Mon, Feb 05, 2018

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.

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LTCG tax kitty from stocks to double to Rs 40K cr in FY20: Adhia

LTCG tax kitty from stocks to double to Rs 40K cr in FY20: Adhia

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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