أرشيف الوسم: nirmala sitharaman

All tax notices to be issued from centralised system, says FM on tax reforms



Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach or harass as the tax targets set in the Budget are well within achievable limits.The minister’s assertions came at a meeting here in which she announced a slew of steps to boost growth via reform measures. The minister also announced that the government would introduce “faceless” scrutiny of tax liabilities of individuals and corporates.Lately India Inc has called for measures to curb “tax terrorism”.Sitharaman said she has met several state tax officials and urged them not to stress on tax liabilities. She would also meet tax officials across the country and convey the message.She said technology can be used to monitor tax payments and liabilities, which should be used by the authorities.Announcing introduction of “faceless” scrutiny, the minister said from the upcoming Vijaya Dashami in October, no tax official will have to physically visit any individual for tax summons and monitoring..

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ED examines Edelweiss ARC Funding; Amazon to purchase 49% stake in future coupons | Market Fatafat



Market Fatafat: NIFTY opens beneath 10,700; 1st time since Feb. Chidambaram’s anticipatory bail plea listed in Supreme Court docket. Nitin Gadkari speaks on the slowdown in auto trade. Finance Minister Nirmala Sitharaman’s financial system revival plan. Amazon to purchase 49% stake in future coupons. ED examines Edelweiss ARC Funding in Kohinoor Group. Watch to know extra!

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Simplified return type for GST registered companies in offing: FM Sitharaman



FM Nirmala Sitharaman in Lok Sabha: We’re additional simplifying GST regime. A simplified single month-to-month return being rolled out; taxpayers with annual turnover lower than 5 crore must file solely quarterly returns. Totally automated GST Refund module shall be carried out; a number of tax ledgers to get replaced by one; bill particulars to be captured in a central system. Pay attention-in.

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Watch all the current, latest and breaking news only on CNN NEWS18 live TV. The one stop destination for live news on politics, entertainment, sports, gadgets, …

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