Wednesday, April 21, 2021
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e-Assessment of Income Tax: Boon or Bane?

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...

GST Compliance: Win Some, Lose Some

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...

Facebook’s Currency: A Digital Goldmine

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 ...

Oil’s Well that Ends Well?

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...

GST on Lottery: No Jackpot for Anyone

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 ...

GST For Real Estate: Going Soft on Realty

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...

GST Dispute Resolution: Let the Dust Settle

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...

GST Revenues: Where’s the Money, Honey?

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...

News Update

Delhi HC directs Centre to find immediate solution to oxygen shortage, holds manufacturer in contempt

Mr Vinayak took the court through the various oxygen plants in the national capital and also the ones, which are in the process of being set up.

Video: Delhi HC to Delhi govt on immigrant workers, Delhi HC on film of late Sushant Singh Rajput’s life

Uttar Pradesh will not face complete lockdown at present, Supreme Court orders interim stay on order of Allahabad High Court.

Supreme Court says state can’t make a law if the Centre already has one

Senior Advocate Rakesh Dwivedi, appearing for West Bengal, said the matter is in the ambit of the concurrent list, where both the Centre and the State can legislate. The State law cannot be rendered repugnant to the Centre’s law, until and unless it is in conflict with the same.
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