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No GST on TCS levied on goods, clarifies tax authority

Saturday, March 9, 2019, 8:54 AM

In a relief for the automobile sector, the government has clarified that no goods and services tax needs to be paid on tax collected at source (TCS) under the Income Tax Act. A clarification in this regard was issued by the CBIC after representation from the industry and consultation from the Central Board of Direct Taxes (CBDT).
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CBDT sets up panel to help bring down tax litigation

Friday, February 22, 2019, 2:52 PM

The government is looking to address taxation-related pain points and cut down the number of tax litigations, while focusing on some of the major issues that may lead to revenue generation, according to the source. The CBDT has formed a four-member committee, headed by income tax commissioner Sanjeev Sharma, to look into the matter and submit its final report and recommendations by mid-March.
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CBDT chief Sushil Chandra appointed Election Commissioner

Thursday, February 14, 2019, 7:06 PM

Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has been appointed the third Election Commissioner, completing the team that will oversee 2019 Lok Sabha polls due in April-May. The three-member body now comprises Chief Election Commissioner Sunil Arora and Election Commissioners Ashok Lavasa and Chandra. An IIT graduate, Chandra is a 1980 batch officer of the Indian Revenue Service.

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