Page-3 of Taxation
GST Council approves simplified tax return filing system
The Goods and Services Tax (GST) Council in its 27th meeting chaired by Union Finance Minister Arun Jaitley announced new and simplified return filing process. It was approved based on recommendations of Group of Ministers on IT simplification for GST ..
Month: Current Affairs - May, 2018
CBDT inks 200th Unilateral Advance Pricing Agreement
The Central Board of Direct Taxes (CBDT) has entered into 200th Unilateral Advance Pricing Agreement (UAPA) after it singed one in April 2018. With the signing of this, CBDT has achieved another milestone of having signed its 200th UAPA. The ..
Month: Current Affairs - May, 2018
Intra-state e-way bill rolled out in 5 states
The E-Way Bill system for Intra-State movement of goods was rolled out in five more states‑Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh. The E-Way Bill system for all inter-State movement of goods valued over Rs 50,000 was rolled-out from ..
Month: Current Affairs - April, 2018
Government inks 16 APAs in March 2018
The Central Board of Direct Taxes (CBDT) has entered into 14 Unilateral Advance Pricing Agreements (UAPA) and 2 Bilateral Advance Pricing Agreements (BAPA) in March 2018. The 2 bilateral APAs were entered into with US . With the signing of ..
Month: Current Affairs - April, 2018
Cabinet approves revision of DTAA between India and Qatar
The Union Cabinet has given its approval for revision existing Double Taxation Avoidance Agreement (DTAA) between India and Qatar. The purpose of revision is for avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on ..
Month: Current Affairs - March, 2018
India, Hong Kong sign double tax agreement
India and Hong Kong have signed agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Hong Kong is former British colony and is special administrative region of China which enjoys ..