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Extend GST compensation beyond 2022: H D Kumaraswamy

Saturday, June 15, 2019, 8:33 PM

Karnataka CM H D Kumaraswamy asked the Centre to extend GST compensation beyond five years, saying that the state will face "severe financial crunch" after the recompense period ends in 2022. He was speaking at the first meeting of the Governing Council of Niti Aayog chaired by PM Modi. He urged the prime minister to significantly increase the allocation to rural drinking water sector.
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Direct tax reform to take centre stage in PM Modi's second term

Sunday, June 2, 2019, 12:43 PM

The NDA government, in its second term, plans to introduce transformational changes in the direct tax regime by pruning a tax-rate that is as high as 30%, widening the tax-base and making it easier for honest individuals and corporate entities to comply with tax laws. At the same time, wilful tax-evaders and money launderers will not be spared, government officials aware of plan said.
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Tata Sons may have to pay over Rs 1,500 crore GST on Docomo payout

Wednesday, May 8, 2019, 5:50 PM

The investigation arm of the finance ministry has asked Tata Sons, the holding company of Tata Group, to pay Rs.1,524 crore as the GST dues, a senior official told. The DGGI, the enforcement agency for checking indirect tax evasion, said Tata Sons is liable to pay 18 percent GST on payment of $1.17 billion to Japanese telecom firm NTT Docomo, the official said.

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