Articles about Hasmukh Adhia

The Indian Institutes of Management (IIMs) are the most sought-after business schools in the country that provide quality management education and IIM-Bangalore (IIM-B) is considered one of the best ones.

On Monday, the Enforcement Directorate attached properties and bank account related to fugitive Nirav Modi worth Rs. 637 crore.

One year ago on this day, the country's tax regime underwent a drastic overhaul with the launch of the never-seen-before-in-India Goods and Services Tax (GST).

After a 19-day pre-Karnataka poll hiatus, petrol price was today hiked by 17 paise/liter and diesel by 21 paise/liter as PSU oil firms began passing on the international rates spike to consumers.

The GST Council took some major decisions in its 27th meeting yesterday. The most important is the introduction of monthly returns filing for most taxpayers, a move that will greatly simplify the current three-step process.

Start-ups founded before 2016 may finally get an exemption from the much-talked-about Angel Tax, giving them a much-needed relief, reported ET.

The BSE's benchmark Sensex crashed below the 34,000-mark, plunging 1,271 points to 33,482.81 while NSE's Nifty50 sank below the 10,300-mark, slumping 390 points to 10,276.

Finance Minister Arun Jaitley has officially kicked off the Union Budget 2018-19 process by performing the traditional pre-Budget "Halwa Ceremony" ahead of the Budget presentation on 1 February. This marked the inauguration of formal printing of all Budget-related documents.

In the 23rd GST Council Meeting convened at Guwahati, Finance Minister Arun Jaitley-led panel made several changes to ease the taxpayers' pain.

Revenue Secretary Hasmukh Adhia said GST rates need a complete overhaul, given that the new regime is firmly implemented.

Traders have found loopholes to evade taxes under GST. Officials believe high levy on daily use items is contributing to the problem.

In the last GST meeting, the Centre revoked the order that it had issued on August 23, where it had notified jewelry dealers that they were required to report on buyers, who make purchases beyond a certain limit.

Despite mass complaints by traders about server issues in the GST Network which had delayed their returns filing, the Finance Ministry has refused to extend the deadline of September 20.

Traders said they were unable to file returns due to GST Network (GSTN) server issues. It's not the first time that the taxpayers have voiced this grievance.

The Finance Ministry on Tuesday issued a clarification stating that free food offered at 'anna kshetras' was exempt from GST.

GST is the biggest tax reform in India's history, and businesses across all sectors will take some time to get used to it. False rumors and speculations during transition can be catastrophic.

Following the midnight launch of GST, PM Narendra Modi addressed the country's Chartered Accountants.

Previously, banks had urged the NDA government to consider their proposal to have a centralized registration system under the GST regime, as multiple registrations could lead to procedural hiccups resulting in compliance problems.

Three youths, including two minors, gang-raped a 14-year-old girl in Bengaluru's north division.

GST bill nuances have been finally etched and July 1 marks a new chapter in India's economy.

The GST Council has decided that health and education would be kept out of the new regime.

GST council has agreed on the majority of the goods and services tax rates, which the NDA administration proposes to roll out from July 1.

The Central Bureau of Investigation (CBI), in its ongoing three-year long investigation into black money, uncovered evidence of a clandestine web of 339 shell companies used to channel funds up to Rs. 290 crore.

While the FinMin keeps on harping about the need to curb black money and prevent methods of offshore money laundering, there seems to be more trouble brewing at home.

Services sector under the Goods and Services regime is likely to attract a higher tax rate of 18% making services slightly expensive, said Revenue Secretary Hasmukh Adhia.

President Pranab Mukherjee has cleared the Goods and Services Tax bill and four supporting legislations related to it.

Gearing up to roll out Goods and Services Tax (GST) on July 1st, Finance Minister Arun Jaitley introduced four bills backing GST implementation on Monday.

Finance Minister Arun Jaitley was closely assisted by a team of seven top officials in drafting the Budget for 2017-18.

While the demonetization move takes its toll in the nation, reports stated that the Prime Minister's closely guarded secret was entrusted to a trusted official in the finance ministry, Hasmukh Adhia.

With the exchange period of bank notes coming to an end, the same can be deposited in banks till 30th December 2016.

People can deposit the now invalid Rs.500 and Rs.1000 denomination currency notes in their Post Office savings accounts, the Finance Ministry said on Wednesday.

Data from the RBI has revealed that the government has only managed to replace around 10% (Rs.1,36,000 crore) of the cash that was made illegal overnight on 8 November.

Approximately Rs.1.15 crore of defunct Rs.500 and Rs.1,000 notes were found missing from the Odisha Gramya Bank's branch in Dhenkanal.

The RBI has put a substantial portion of the 16,368 million pieces of soiled notes of lower denominations, back into circulation.

Sources revealed that the Income Tax department is monitoring bank deposits and is in the process of flagging abnormally large transactions.

In Assam, due to a shortfall of Indian currency, Bhutanese currency is being used as legal tender.

Defence Minister Manohar Parrikar stated that incidents of stone pelting in Jammu and Kashmir have ceased after the demonetization move, insinuating that funds of paying off stone-pelters have been curbed.

Thousands of people lined up outside banks and ATMs today, as yesterday's bank holiday left citizens stranded without cash; people were disgruntled over banks being shut at a time when cash availability was at a low.

The government has extended the deadline for exemption for old Rs.1000, Rs.500 notes to 24 November.

As the confusion over the government's demonetization scheme increased, banks faced the people's ire as they were unable to cope with the large queues.