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tax reform

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The technology-driven faceless assessment system also aims to end overreach by officials and the charter defines the rights and responsibilities of taxpayers.(Representational Photo)

Faceless I-T appeals launched, to help resolve about 85% cases

Hindustan Times, New Delhi | By Rajeev Jaiswal
PUBLISHED ON SEP 25, 2020 05:02 PM IST
The new process will help in quick resolution of about 4.6 lakh appeals pending at various levels in the I-T department
Prime Minister Narendra Modi launching the ‘Transparent Taxation-Honoring the Honest’ platform via video conference on Thursday.(ANI Photo)
Prime Minister Narendra Modi launching the ‘Transparent Taxation-Honoring the Honest’ platform via video conference on Thursday.(ANI Photo)

PM Modi highlights importance of compliance, urges more people to pay taxes

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 13, 2020 12:01 PM IST
The prime minister said that the new tax system is going to become faceless and this will give a belief of fairness and fearlessness to taxpayers.
Finance minister Nirmala Sitharaman thanked the PM for agreeing to launch the platform.(REUTERS)
Finance minister Nirmala Sitharaman thanked the PM for agreeing to launch the platform.(REUTERS)

PM Modi to launch platform to honour honest taxpayers

Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON AUG 13, 2020 06:07 AM IST
A finance ministry spokesperson said the government has been implementing a series of tax reforms since last year when it had drastically reduced the corporate tax rate for existing and companies taking a hit of Rs 1.45 lakh crore.
The Goods and Services Tax (GST) was passed in a joint session of parliament on 1 July, 2017(PTI)
The Goods and Services Tax (GST) was passed in a joint session of parliament on 1 July, 2017(PTI)

GST faces challenge to meet higher revenue expectations

UPDATED ON JUL 02, 2020 07:28 AM IST
Reforms of the scale of GST require a political compromise in our federal structure
In order to boost investments, the government in September last year gave a ₹1.45 lakh crore bonanza to the industry by drastically reducing corporate tax rates. (Representative Image)(Getty Images/iStockphoto)
In order to boost investments, the government in September last year gave a ₹1.45 lakh crore bonanza to the industry by drastically reducing corporate tax rates. (Representative Image)(Getty Images/iStockphoto)

Gross Direct Tax collection grew 8% in FY20, says CBDT

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON JUN 08, 2020 05:25 AM IST
The revenue impacts of corporate tax reforms and personal income tax concessions were 1,45,000 crore and 23,200 crore, respectively.
The budget is expected to announce several direct and indirect tax reforms including further simplification of income-tax laws(AFP)
The budget is expected to announce several direct and indirect tax reforms including further simplification of income-tax laws(AFP)

Budget may reform GST filing process

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON JAN 25, 2020 05:19 AM IST
The finance ministry has been working on simplifying archaic income-tax laws and rationalising tax rates in line with recommendations of the task force on the Direct Tax Code (DTC), which submitted its report on August 19, 2019, they added.
Union finance minister Nirmala Sitharaman at the HTLS Summit, Dec 7, 2019.(Ajay Aggarwal/HT PHOTO)
Union finance minister Nirmala Sitharaman at the HTLS Summit, Dec 7, 2019.(Ajay Aggarwal/HT PHOTO)

GST rate reductions distorted tax structure, says Nirmala Sitharaman at HTLS

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON DEC 10, 2019 07:36 PM IST
Union minister Nirmala Sitharaman’s assessment of the tax structure comes right ahead of the meeting of the Goods and Services Tax Council, the powerful body of state finance ministers led that she heads, later this month that is expected to discuss the first steps towards reviewing the tax rates.
In the GST regime, incidence of tax on all commodities came down, says revenue secretary Ajay Bhushan Pandey(Sonu Mehta/HT File Photo)
In the GST regime, incidence of tax on all commodities came down, says revenue secretary Ajay Bhushan Pandey(Sonu Mehta/HT File Photo)

‘GST has been one of the major tax reforms in the history of independent India...it’s a win-win situation for everyone’: Revenue secretary Ajay Bhushan Pandey

Hindustan Times, New Delhi | By Shishir Gupta and Rajeev Jayaswal
UPDATED ON DEC 01, 2019 11:07 AM IST
GST has been one of the major tax reforms in the history of independent India which subsumed 17 different taxes and multiple cesses that were levied by different states, revenue secretary Ajay Bhushan Pandey said.
Agricultural marketing in India is a complex system, with a mix of organised and unorganised markets. Farmers mainly sell in mandis, which are state-run market yards known as agricultural produce marketing committees (APMCs). (Shankar Mourya/HT Photo)
Agricultural marketing in India is a complex system, with a mix of organised and unorganised markets. Farmers mainly sell in mandis, which are state-run market yards known as agricultural produce marketing committees (APMCs). (Shankar Mourya/HT Photo)

Panel calls for tax reforms in mandis to tackle farm distress

Hindustan Times, New Delhi | By Zia Haq and Saubhadra Chatterji
UPDATED ON SEP 11, 2019 07:34 AM IST
Farmers need freer access to markets to sell their produce, according to those familiar with the development.
In 2014, the National Democratic Alliance (NDA) inherited an economy which was struggling with over-leveraged companies and banks saddled with a mountain of toxic assets.(HT image)
In 2014, the National Democratic Alliance (NDA) inherited an economy which was struggling with over-leveraged companies and banks saddled with a mountain of toxic assets.(HT image)

What changed for businesses, people during Arun Jaitley’s watch

Hindustan Times, New Delhi | By Gireesh Chandra Prasad
UPDATED ON AUG 25, 2019 10:14 AM IST
In a Facebook post on 1 July this year on the completion of two years of GST, Jaitley described obstacles to India’s biggest tax reform since independence.
The experience so far has not been encouraging on the fiscal front. The budget numbers speak for themselves.(HT Photo)
The experience so far has not been encouraging on the fiscal front. The budget numbers speak for themselves.(HT Photo)

2 years on, a look at the hits and hurdles of Goods and Services Tax

Hindustan Times, New Delhi | By Roshan Kishore and Rajeev Jayaswal
UPDATED ON JUL 01, 2019 08:23 AM IST
Implementing a radical and universal reform in an economy as large as India is bound to witness teething troubles and GST did. Two years after it was implemented, the question is whether GST is moving towards its promise of improving tax collections and removing bottlenecks to trade.
The federal indirect tax body, is set to take several steps to curb tax evasion in its first meeting to be chaired by new finance minister Nirmala Sitharaman on June 21.(PTI PHOTO)
The federal indirect tax body, is set to take several steps to curb tax evasion in its first meeting to be chaired by new finance minister Nirmala Sitharaman on June 21.(PTI PHOTO)

GST Council may tighten rules to curb tax evasion

Hindustan Times, New Delhi | By Gireesh Chandra Prasad
UPDATED ON JUN 17, 2019 08:11 AM IST
The proposals before the council include compulsory generation of e-invoicing by large companies, validation of e-way bills (electronic permits issued for the movement of goods) with the data generated at toll plazas and geo-tagging of companies, said a person familiar with the discussions in the council.
Narendra Modi after taking oath as the Prime Minister for second term in New Delhi on May 30.(Ajay Aggarwal/HT PHOTO)
Narendra Modi after taking oath as the Prime Minister for second term in New Delhi on May 30.(Ajay Aggarwal/HT PHOTO)

Direct tax reform to take centre stage in PM Modi’s second term

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON JUN 02, 2019 11:31 AM IST
At the same time, wilful tax evaders and money launderers will not be spared, government officials aware of the plan said.
Finance minister Piyush Goyal (centre) along with his full Budget team leaves for Rashtrapati Bhawan, New Delhi, February 1, 2019.(Ajay Aggarwal/HT PHOTO)
Finance minister Piyush Goyal (centre) along with his full Budget team leaves for Rashtrapati Bhawan, New Delhi, February 1, 2019.(Ajay Aggarwal/HT PHOTO)

This is a forward-looking budget

By Bibek Debroy
PUBLISHED ON FEB 01, 2019 08:38 PM IST
Indirect taxes are headed towards stability, insulated from annual changes, though GST is still work in progress. Once the Task Force on Direct Taxes submits its recommendations and those are accepted, direct taxes should also become stable and certain.
The GST Council on Saturday tweaked the tax slabs slashing rates on several items. Among the things set to get cheaper are TV sets and computer monitors.(HT file photo)
The GST Council on Saturday tweaked the tax slabs slashing rates on several items. Among the things set to get cheaper are TV sets and computer monitors.(HT file photo)

Full list of items set to get cheaper after GST Council tweaks tax slabs

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON DEC 22, 2018 06:09 PM IST
The GST Council on Saturday tweaked the tax slabs slashing rates on several items. Among the things set to get cheaper are TV sets, monitors and movie tickets. Announcing the slab revamp, Finance Minister said the new GST rates will be effective from January 1.
Union finance minister Arun Jaitley said that monitors and TV screens, tyres, power banks (of lithium-ion batteries) have brought down from 28% to 18% slab(HT File Photo)
Union finance minister Arun Jaitley said that monitors and TV screens, tyres, power banks (of lithium-ion batteries) have brought down from 28% to 18% slab(HT File Photo)

GST council slashes tax on TVs, cinema tickets; leaves cement untouched

Hindustan Times | By HT Correspondent
UPDATED ON DEC 22, 2018 08:23 PM IST
GST Council meeting: Among other cuts Union finance minister Arun Jaitley announced were on movie tickets, where those costing up to Rs 100 have been brought down from 18% to 12% and those priced above Rs 100 from 28% to 18%.
Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that ‘99 per cent things’ attract sub-18 per cent GST slab.(PTI)
Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that ‘99 per cent things’ attract sub-18 per cent GST slab.(PTI)

‘Working to bring 99% things in sub-18% GST slab,’ says PM Narendra Modi

Mumbai | By Press Trust of India
PUBLISHED ON DEC 18, 2018 12:41 PM IST
Modi indicated that the 28 per cent slab of GST would only be restricted to a few select items, such as luxury goods.
Pakistani PM Imran Khan.(REUTERS)
Pakistani PM Imran Khan.(REUTERS)

Pakistan PM Imran Khan’s new problem: How to get people to pay taxes

Islamabad | By Reuters
PUBLISHED ON NOV 16, 2018 04:04 PM IST
Muhammad Hammad Azhar, one of the youngest ministers in Pakistan’s new government, is the latest in a long line of officials to face a problem that undermines his country’s development: getting people to start paying income taxes.
Jaitley said there could be scope, “depending on the collection going up, to merge some of the mid category slabs, but for that we have to see the progress of the new tax regime and the possible upward movement in the collections.”(Reuters File Photo)
Jaitley said there could be scope, “depending on the collection going up, to merge some of the mid category slabs, but for that we have to see the progress of the new tax regime and the possible upward movement in the collections.”(Reuters File Photo)

The idea of a single tax slab in GST is flawed: Arun Jaitley

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUL 01, 2018 02:52 PM IST
The current GST structure has four tax slabs - nil, 5%, 18% and 28% at which goods and services at taxed.
Goods and Services Tax (GST) came into effect exactly a year ago, on July 1, 2017, replacing myriad taxes and, more importantly, taking away the power of the states to levy taxes and instead bestowing this power with the GST Council, a body composed of the state finance ministers and the Union minister.(PTI File Photo)
Goods and Services Tax (GST) came into effect exactly a year ago, on July 1, 2017, replacing myriad taxes and, more importantly, taking away the power of the states to levy taxes and instead bestowing this power with the GST Council, a body composed of the state finance ministers and the Union minister.(PTI File Photo)

GST will continue to be simplified, says Piyush Goyal as tax reform completes 1 year

Hindustan Times, New Delhi | By R Sukumar and Shishir Gupta
UPDATED ON JUL 01, 2018 12:08 AM IST
Since its launch a year ago, the Goods and Services Tax (GST) has come in for criticism for having five tax slabs. The government however says the reform has helped in “formalisation” of the Indian economy.
The finance ministry said GST subsumed over a dozen local levies and transformed India into “one nation, one tax” and binds the country into an economic union.(PTI/Photo for representation)
The finance ministry said GST subsumed over a dozen local levies and transformed India into “one nation, one tax” and binds the country into an economic union.(PTI/Photo for representation)

First year of GST an example of taxpayers’ readiness to partner in tax reform: Finance ministry

New Delhi | By Press Trust of India
PUBLISHED ON JUN 30, 2018 02:25 PM IST
The government will celebrate July 1, 2018, as ‘GST Day’ to mark the first anniversary of the new indirect tax regime.
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