Search For "finance ministry sources"
Govt takes number of steps to address high oil price challenge
Updated : 3 years, 10 months ago IST
New Delhi [India], July 4 (ANI): The Government of India has taken a number of steps to address the challenges arising out of the surge in crude oil prices in the international markets, finance ministry sources said on Monday.
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Negotiation is on to import cheaper oil from Russia: Finance Ministry sour
Updated : 3 years, 12 months ago IST
New Delhi [India], May 25 (ANI): India is in discussion and exploring the possibilities to buy cheaper oil from Russia using the Rupee-Rouble mechanism, Finance Ministry sources said on Wednesday.
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Govt has no plan to revamp capital gains tax structure: Finance Ministry
Updated : 4 years, 2 months ago IST
New Delhi [India], March 15 (ANI): The government has no plan, as of now, to revamp the capital gains tax structure as reported in a section of media, Finance Ministry sources said on Tuesday.
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DGGI busts racket availing illegal ITC worth over Rs 50 crore, 1 arrested
Updated : 5 years, 7 months ago IST
New Delhi [India], October 23 (ANI): Officials of the Directorate General of GST Intelligence (DGGI) have busted an illegal racket, involving 115 companies, and arrested an aspiring charted accountant for alleged involvement in the wrongful passing on of Input Tax Credit (ITC) to the tune of
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Recent trends of economic recovery testimony to Government's intervention:
Updated : 5 years, 7 months ago IST
New Delhi [India], October 2 (ANI): In the trying times of COVID-19, when coronavirus has spared none by hitting hard on the lives and livelihoods of people and the economies around the globe, the Government of India has been taking all possible measures to mitigate the COVID impact. Rece
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GST compensation: 21 states prefer borrowing option 1, no takers yet for o
Updated : 5 years, 8 months ago IST
New Delhi [India], September 20 (ANI): On the issue of Goods and Services Tax compensation, at least 21 States/Union Territories till date have preferred to opt for borrowing option 1 proposed by the GST Council to meet their compensation shortfall, said the Finance Ministry sources on Sunda
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No proposal to include high-value transactions in Income Tax Return, infor
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 17 (ANI): There is no proposal to modify Income Tax returns forms, said Finance Ministry sources when asked to comment on the news reports that appeared in certain sections of media where it is reported that the purported Statement of Financial Transactions (SFT) expan
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Stern action initiated against 1,474 untraceable exporters claiming Rs 202
Updated : 5 years, 10 months ago IST
New Delhi [India], July 26 (ANI): Stern action is proposed against the risky exporters who have been claiming IGST Refund worth Rs.2,020 crore and were found untraceable, said Finance Ministry Sources in the know of the matter, stating that the number of such untraceable risky exporters has
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1,377 exporters fraudulently claim Rs 1,875 cr IGST refund, untraceable
Updated : 5 years, 10 months ago IST
New Delhi [India], July 17 (ANI): 1,377 exporters who have been fraudulently claiming Integrated GST refund amounting to Rs 1,875 crores, have been found untraceable at their principal place of business, said Union Finance Ministry sources.
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Finance ministry sources clarifies why parotas attracts 18 per cent GST
Updated : 5 years, 11 months ago IST
New Delhi [India], June 13 (ANI): Frozen (and preserved) wheat parota and malabarparota which are sold in ambient and frozen form with a shelf life of three to seven days is not a plain roti but a distinct product and shall attract 18 per cent GST, clarified Government sources in the Finance
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No plans to introduce calamity cess on GST: Finance Ministry sources
Updated : 5 years, 12 months ago IST
New Delhi [India], May 23 (ANI): There are no plans to impose calamity cess on the Goods and Services Tax (GST) to tide over the economic crisis caused by COVID-19 and the lockdown imposed to prevent its spread, Finance Ministry sources said on Saturday.
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IRS Association's FORCE report an irresponsible act of few officers: Finan
Updated : 6 years ago IST
New Delhi [India], April 27 (ANI): An ill-conceived report named as Fiscal Options and Response to Covid-19 Epidemic (FORCE) put up by a group of officers through the Indian Revenue Service (IRS) Association giving suggestions on increasing taxes and releasing the same in media through IRS A
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