GSTN to rope in private entities for tax payer profiling, fraud analytics

GSTN to rope in private entities for tax payer profiling, fraud analytics GST Network has invited bids from private entities for “360-degree” profiling of taxpayers for early detection of fraud as it seeks to transform into an end-to-end platform for checking GST evasion, from being just a tax collection portal. The analytics company to be […]

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SEBI writes to govt urging tax parity between cash and derivatives

SEBI writes to govt urging tax parity between cash and derivatives Differentiating tax structure incentivising participation in the derivatives segment, Sebi tells government The Securities and Exchange Board of India (Sebi) intends to have tax parity in the futures and options (F&O) segment. Sebi is of the view that the differentiating tax structure, particularly the […]

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No objection from RBI and DIPP to FDI increase in Idea Cellular

No objection from RBI and DIPP to FDI increase in Idea Cellular The Reserve Bank of India and the department of industrial policy and promotion (DIPP) have not raised any objections to increase in foreign direct investment of Idea CellularNSE -0.88 %, taking its proposed merger with Vodafone India closer to realisation. Once Idea gets […]

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Taxpayers may have to explain discrepancies in I-T, GST returns

Taxpayers may have to explain discrepancies in I-T, GST returns Government moves to link databases to get all relevant details of a firm, use fraud analytics to look for evaders The annual return forms for goods and services tax (GST) may ask taxpayers to explain any discrepancies between their income tax and GST returns as […]

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