EPFO makes online claims must for PF withdrawals above Rs 10 lakh

EPFO makes online claims must for PF withdrawals above Rs 10 lakh Retirement fund body EPFO has made it mandatory to file online claims for provident fund withdrawals above Rs 10 lakh, taking another step towards becoming a paperless organisation. The Employees Provident Fund Organisation (EPFO) has also made it mandatory to file online claims […]

Continue Reading

Single GST rate can’t work at the moment; compliance to be made simpler: FM

Single GST rate can’t work at the moment; compliance to be made simpler: FM He said that being the reason, the government started with multiple rates and was now moving towards rationalisation Union Finance Minister Arun Jaitley on Tuesday said that India being a “significantly tax non-compliant” country, with wide socio-economic diversities, it cannot have […]

Continue Reading

GST collection dips marginally in January to Rs 86,318 crore

GST collection dips marginally in January to Rs 86,318 crore The collection of Goods and Services Tax (GST) slipped marginally to Rs 86,318 crore in January, from Rs 86,703 crore in December. “The total revenue received under GST for the month of January 2018 (received in January/February up to February 25, 2018) has been Rs […]

Continue Reading

I-T e-assessment: CBDT notifies new central scheme

I-T e-assessment: CBDT notifies new central scheme The Central Board of Direct Taxes (CBDT) has notified a new centralised communication scheme for serving e-notices to income tax-payers as part of the government’s ambitious plan to usher in a countrywide paperless system of interface between the taxman and the assessee. The scheme stipulates that an internet-based […]

Continue Reading