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Revenue Loss News
GST to cut inflation by 2%, create buoyancy in economy, says Revenue Secretary Hasmukh Adhia
Sun, May 21, 2017
Revenue Secretary Dr Hasmukh Adhia has said that the government's soon-to-be-implemented goods and services tax (GST) will lead to fall in the country's inflation by 2% and will not rise on account of special care taken by the Finance Ministry to keep inflation under control.
India notifies amended tax treaty with Singapore; to impose capital gains tax at source of investments from April 1
Thu, Mar 23, 2017
The Finance Ministry on Thursday has notified the amended India-Singapore tax treaty under which capital gains tax will be levied at source of investments with effect from April 1.
Centre to compensate states every quarter for GST revenue loss
Sat, Nov 26, 2016
States will receive provisional compensation from Centre for loss of revenue from implementation of Goods and Services Tax (GST) every quarter but the final annual number would be decided after an audit carried out by CAG.