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Commerce

Commerce

e-Assessment of Income Tax: Boon or Bane?

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Above: Illustration by Amitava Sen On October 8, the centre will roll out an ambitious e-assessment scheme for collecting tax to reduce corruption and bring in secrecy in procedures. But first, ope...
Commerce

GST Compliance: Win Some, Lose Some

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Above: Finance Minister Nirmala Sitharaman chairing the 35th GST Council meeting in New Delhi/Photo: PIB The CAG Audit Report, while appreciating the introduction of the Goods and Services Tax, exp...
Commerce

Facebook’s Currency: A Digital Goldmine

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Above: Illustration by Amitava Sen The digital currency can work within WhatsApp, Instagram and Facebook Messenger and offers price stability, privacy and easy integration with banks. This may be ...
Commerce

Oil’s Well that Ends Well?

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Above: An ONGC offshore field A wish list to the new government would include bringing key petroleum products, alcohol, electricity and real estate within the ambit of GST and further rationalisati...
Commerce

GST on Lottery: No Jackpot for Anyone

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Negotiations on GST rates for lottery tickets have got stuck as Kerala, which earns a huge amount from its sales, does not want to raise taxes from the present 12 percent By Sumit Dutt Majumder ...
Commerce

GST For Real Estate: Going Soft on Realty

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Above: The real estate sector is expected to grow fast in the coming years, and the GST relief will give it a boost/Photo: Anil Shakya The realty sector has been clamouring for relief. This may fru...
Commerce

GST Dispute Resolution: Let the Dust Settle

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With the creation of a national bench of the GST Appellate Tribunal, indirect tax disputes are likely to be resolved and these will predominantly deal with “place of supply” issues By Sumit Dut...
Commerce

GST Revenues: Where’s the Money, Honey?

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Above: Akhil Bharatiya Udyog Vyapar Mandal activists protesting against GST in Lucknow/Photo: UNI In a seemingly worrying development, there has been a drop in compliance rate and a revenue shortf...

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