Tax dispute settlements yield Rs 31,000 crore for the government
Thursday, January 2, 2020, 4:30 PM
About three-fourths of eligible taxpayers have settled their legacy excise and service tax-disputes with the tax-department after agreeing to pay Rs.30,627-crore under the Sabka Vishwas scheme till December-end. When the scheme was launched on September-1, 2019, the disputed amount under 1.83-lakh cases was as high as Rs.3.6-lakh-crore. Tax experts said cash crunch with many businesses could have a role in many large-disputes remaining unresolved.
States to reach out to traders, industry to list out GST grievances
Thursday, July 26, 2018, 2:30 PM
Tax officers in states and union territories will reach out to trade and industry bodies, MSMEs, to understand their issues and grievances relating to GST and would place them before the Council on August 4. The GST Council secretariat have been tasked to compile suggestions and responses and send to CBIC, which is the apex body for Indirect taxes in the country, by tomorrow.