GST complaints coming mainly from tax-evaders – Adi Godrej

Adi Godrej, chairman of one of India’s largest manufacturing and real estate groups, said most of the complaints about the new Goods and Services Tax is coming from businesses that have been built on a model of tax evasion. “The complaints about the GST are mainly coming from people who used to evade taxes in […]

HCL Infosystems gets tax notice for Rs 312 cr plus penalties

HCL Infosystems, the India-focused IT arm of HCL Group, said it received a tax demand of Rs 312.34 cr plus interest and an amount equal to the interest amount as penalty. The company, which is already struggling with losses, did not specify the amount of interest involved or the year to which the dues relate. […]

Indian Railways ticket refunds delayed due to demonetization rush

Many people who booked railway tickets worth thousands of rupees during demonetization period and cancelled these tickets for refunds are yet to get their money back. According to Indian Railway sources, many of these people could end up waiting for 90 days or more to get their money. DEMONETIZATION RUSH When the government announced that […]

Service Charge in Restaurants: Center says still waiting for industry proposal

The ministry of consumer affairs, food and public distribution is still waiting to hear from the hotel and restaurant industry associations on how they intend to resolve the issue of levying service charges ‘unfairly’. The matter had come to a head in early January when the ministry sent a directive to all state governments asking […]

Finance Ministry holds talks with industry over GST rollout

Department of Revenue and Central Board of Excise and Customs (CBEC) have started holding¬†interactive sessions with industry representatives¬†to understand and address the apprehensions and concerns of the various stakeholders about GST and also provide a platform for business to express their views on important aspects of the new system. ¬† The three-day consultations started yesterday. […]