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Adhia said the endeavour would be to maintain the current tax incidence on a commodity or service at the same level in the new Goods and Services Tax (GST) regime.

Education, healthcare, pilgrimages not to be taxed under GST

Sale of land and buildings will be however out of the purview of GST, the new indirect tax regime. Such transactions will continue to attract the stamp duty, according to the legislations Finance Minister Arun Jaitley introduced in the Lok Sabha yesterday for approval.

Land leasing, renting to attract GST from July 1

GSTN was set up in March 2013 as a non-profit, non-government company and is 51% owned by banks and financial institutions.

Inquiry into GST's IT infra firm for alleged tax evasion still on: CBEC

The Government of India's&nbsp;net refunds of direct tax collection from April&nbsp;to February 2016-17&nbsp;has&nbsp;risen 10.7% to Rs 6.17 lakh crore as compared to same period last year.

Direct tax collection records growth of nearly 11% in April-February; indirect tax collection up 22%  

Teresa John of Nirmal Bang in a report&nbsp;said, “Our earlier estimates had assumed no significant difference between GVA and GDP as both had exhibited a converging trend in the earlier quarters. However, the CSO believes that higher indirect tax collection and lower subsidies have pushed up the indirect tax component of GDP, resulting in divergence between GVA and GDP. “

Gap between India's GDP and GVA widens further

"In order to ensure smooth transition to GST framework, the Drawback Committee is to formulate and recommend revised All Industry Rates (AIRs) of drawback on rebate to be implemented for exports in the context of new GST environment," it said.

CBEC seeks exporters' feedback on drawback rates post GST

In a memorandum submitted to the Prime Minister's Office (PMO), the officers' body has also highlighted the serious security and financial concerns raised by the Comptroller and Auditor General (CAG) and the Home Ministry against the Goods and Services Tax Network (GSTN).

IRS officers seek PM's intervention for smooth roll-out of GST

"It is a preliminary inquiry to seek clarification. But as a first step, we just send a letter and summon comes only as the second resort. In this case, it looks like the work of an over-enthusiastic assessing officer who has skipped the first step and directly given a summon, which is wrong," the source told IANS.&nbsp;

GST's IT infra firm under scrutiny for tax evasion

GST collections so made are then to be split equally between the Centre and states. But since there are no reliable estimates of combined VAT collections of states, Jaitley could not project the Centre's revenue from GST in 2017-18.

Govt may rework indirect tax maths mid-way after GST entry

The service tax department of CBEC issued summon to Mirza on February 6 in connection with tax evasion or non payment of dues, as reported by PTI.&nbsp;

Tax department summons Sania Mirza for alleged non-payment of service tax

Sebi, stock exchanges beef up systems for Budget day trading

Finance Minister may hike service tax to 16-18% in Budget

GST won't lead to job losses at tax department, assures FM Arun Jaitley

Find out what India's real estate players expect from the government's Budget 2017.

Budget 2017: Realty expects increase in tax deduction limit on home loans, clarity on GST tax rate, others

The Government may be looking at introducing two rates of service tax in the Union &nbsp;Budget that is scheduled on Febraury 1, 2017.&nbsp;

Dual-rate service tax may be announced in Budget 2017

Find out what are Budget 2017 expectations of payment gateway companies like Telr, Payoneer, Atom Technologies,&nbsp;TechProcess Payment Services, RazorPay, Chillr, Happay and PayU India.

Budget 2017: Payment gateway cos expect govt to offer incentives, tax breaks & exemptions to boost digital transactions 

GJEPC expects FM Arun Jaitley to reduce import duty on gold to 5% in Budget 2017

Hope to resolve issues for GST rollout from April 1: Jaitley

Jaitley also said that Centre is in talks with banks to discuss&nbsp;Merchant Discount Rate (MDR) issue.&nbsp;

Direct, indirect tax collection rose 12%, 25%, respectively: Finance Minister Arun Jaitley claims

Tax collection to exceed budget estimates this fiscal: Arun Jaitley

service-tax

Budget 2023: There are multiple terminologies that are used in the Budget. But commoners are unable to relate to those words. Tax is the most talked about the topic ahead of the budget as people expect some announcements.

Budget 2023: What is Direct Tax and Indirect Tax? Explained 

Already stressed due to huge NPAs, commercial banks now find themselves in a situation where they might have to end free services for the common man. 

Your free bank ATM cash withdrawal, cheque, deposit, locker visits face this big threat; here's why

According to the sources, preliminary scrutiny indicated that several newly created LLPs and HUFs as well as proprietary firms have claimed transitional credit for which they were not eligible. The CBEC has already asked chief commissioners to scrutinise all transitional credit claims of over Rs 1 crore. As part of transition to GST last July, taxpayers were allowed to file Form TRAN-1 and avail tax credit on the basis of closing balance of the credit declared in the last return under the pre-GST regime.

Tax evasion crackdown: Proprietors, LLPs, HUFs under CBEC scanner now

"It can be seen that only 8.87% of recoverable arrears could be recovered by the department during 2016-17. Given the significant amounts of arrears to be recovered, it is essential that the tax department specifically focuses on legacy issues even after transition to GST," said the CAG report.

Govt recovered less than 9% service tax arrears in FY17: CAG

The Budget session of Parliament may begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of Parliament, a senior government official said.

First post-GST budget likely on Feb 1

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Education, healthcare, pilgrimages not to be taxed under GST

Land leasing, renting to attract GST from July 1

Inquiry into GST's IT infra firm for alleged tax evasion still on: CBEC

Direct tax collection records growth of nearly 11% in April-February; indirect tax collection up 22%

Gap between India's GDP and GVA widens further

CBEC seeks exporters' feedback on drawback rates post GST

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IndiGo Q3 FY26 Results: PAT declines 78% YoY to Rs 549 crore; operational metrics improve

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