Realty developers get notices for inflated credit claims under GST

Realty developers get notices for inflated credit claims under GST About 400 real estate developers, including listed companies, have received notices from the indirect tax department for inflated credit claims under the Goods and Services Tax (GST), said two people aware of the development. The developers have been asked to pay a fine of 100% […]

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SEBI board to vet National Stock Exchange colocation probe report

SEBI board to vet National Stock Exchange colocation probe report The regulator has completed the investigation against 20 brokers, who allegedly gained unfair access to NSE’s trading facilityThe Securities and Exchange Board of India (Sebi) has completed its investigation of 20 brokers in the National Stock Exchange (NSE) colocation (colo) controversy. The regulator in August […]

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Businesses with nil tax liability may get to file GST returns bi-annually

Businesses with nil tax liability may get to file GST returns bi-annually Businesses having zero tax liability for six consecutive months under GST may soon get relief once the proposal to allow such entities to file returns only twice a year gets the GST Council’s nod. According to recent data, as much as 40 per […]

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UIDAI set to introduce face authentication feature from July 1

UIDAI set to introduce face authentication feature from July 1 The Unique Identification Authority of India (UIDAI) is all set to make face authentication available alongside iris or fingerprint scan as means of verifying Aadhaar users from July 1, 2018. The UIDAI, which is in-charge of the 12-digit identifier Aadhaar, in January had announced that […]

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Service tax can’t be imposed in J&K, says tribunal of pre-GST levy

Service tax can’t be imposed in J&K, says tribunal of pre-GST levy The case was from the earlier service tax regime, prior to rollout of the current goods and services tax A tribunal has rejected indirect tax authorities’ demand to levy service tax for goods transported to Jammu and Kashmir on the reverse charge mechanism. […]

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Vehicle scrap policy to go for Cabinet’s nod in a month: Nitin Gadkari

Vehicle scrap policy to go for Cabinet’s nod in a month: Nitin Gadkari The proposed vehicle scrap policy for mandatory disposal of more than 20 years old commercial vehicles will go for the Cabinet nod in a month and once brought in, will result in additional flow of Rs 10,000 crore into government coffers, Union […]

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Service tax can’t be imposed in J&K, says tribunal of pre-GST levy

Service tax can’t be imposed in J&K, says tribunal of pre-GST levy The case was from the earlier service tax regime, prior to rollout of the current goods and services tax A tribunal has rejected indirect tax authorities’ demand to levy service tax for goods transported to Jammu and Kashmir on the reverse charge mechanism. […]

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