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EU ministers fail to break digital tax deadlock

Wednesday, December 5, 2018, 9:13 AM

European Union finance ministers failed to agree a tax on digital revenues on Tuesday, despite a last minute Franco-German plan to salvage the proposal by narrowing its focus to companies like Google (GOOGL.O) and Facebook (FB.O). The setback is a blow to French President Emmanuel Macron, as his government had invested considerable political capital in the tax.
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Tax soup for restaurants not sharing service charges with staff

Saturday, November 24, 2018, 12:06 PM

The Central Board of Direct Taxes (CBDT) has said that service charge collected by restaurants but not passed on to workers will be liable to income tax. The tax department has instructed officials to verify if there is any 'under-reporting' or 'non-reporting' of income collected as service charge. The CBDT's crackdown comes after the Consumer Affairs Ministry flagged its concerns.
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Detected! Indirect tax evasion of Rs 29k crore during Apr-Oct

Thursday, November 22, 2018, 7:32 PM

The investigation arm of the finance ministry has detected tax evasion worth Rs 29,088 crore in 1,835 cases during the April-October period of the current financial year, a senior official said on Wednesday. Of this, the Directorate General of GST Intelligence (DGGI), the enforcement agency for checking indirect tax evasion, has detected GST evasion of Rs 4,562 crore in 571 cases.

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