Hasmukh Adhia

Timelines
Five of the most well-known and successful alumni of IIM-Bangalore

13 Jul 2019

Five of the most well-known and successful alumni of IIM-Bangalore

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.

PNB scam: ED attaches Nirav Modi's property worth Rs. 637cr

01 Oct 2018

PNB scam: ED attaches Nirav Modi's property worth Rs. 637cr

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

GST anniversary: "Gamechanger" or "surgical strike"? Top leaders speak up

01 Jul 2018

GST anniversary: "Gamechanger" or "surgical strike"? Top leaders speak up

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).

Petrol prices hiked 17 paise/liter, diesel 21 paise/liter after Karnataka-polls

14 May 2018

Petrol prices hiked 17 paise/liter, diesel 21 paise/liter after Karnataka-polls

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.

GST-returns to be filed monthly, GSTN to go to government

05 May 2018

GST-returns to be filed monthly, GSTN to go to government

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.

Angel-tax exemption for start-ups with up to Rs. 10cr funding

07 Feb 2018

Angel-tax exemption for start-ups with up to Rs. 10cr funding

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.

Sensex plunges 1270 points, the biggest decline since 2015

06 Feb 2018

Sensex plunges 1270 points, the biggest decline since 2015

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.

Budget-2018 process begins with 'Halwa Ceremony': Here's all about it

21 Jan 2018

Budget-2018 process begins with 'Halwa Ceremony': Here's all about it

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.

23rd GST Council Meeting: GST return filing deadlines extended

11 Nov 2017

23rd GST Council Meeting: GST return filing deadlines extended

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

GST rates need complete overhaul: Revenue Secretary Hasmukh Adhia

22 Oct 2017

GST rates need complete overhaul: Revenue Secretary Hasmukh Adhia

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

GST: Traders exploit loopholes to evade taxes, earn profits illegally

21 Oct 2017

GST: Traders exploit loopholes to evade taxes, earn profits illegally

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

New threshold for gold transactions will be provided soon

09 Oct 2017

New threshold for gold transactions will be provided soon

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.

No relief for traders: Govt denies extension of GSTR-3B deadline

09 Sep 2017

No relief for traders: Govt denies extension of GSTR-3B deadline

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.

GSTN servers faulty, relax deadlines say traders

09 Sep 2017

GSTN servers faulty, relax deadlines say traders

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.

Food offered at religious places exempted from GST: Finance Ministry

12 Jul 2017

Food offered at religious places exempted from GST: Finance Ministry

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

Know the facts and the myths around GST!

03 Jul 2017

Know the facts and the myths around 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.

PM Modi launches a new CA course on GST

01 Jul 2017

PM Modi launches a new CA course on GST

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

GST update:  Banks' registration in every state mandatory

13 Jun 2017

GST update: Banks' registration in every state mandatory

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.

Bengaluru horror: 14-year-old gang-raped by minors

26 May 2017

Bengaluru horror: 14-year-old gang-raped by minors

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

GST ship is battle ready for the choppy Indian economy

21 May 2017

GST ship is battle ready for the choppy Indian economy

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

GST- Tax on services finalized; education, healthcare exempted

19 May 2017

GST- Tax on services finalized; education, healthcare exempted

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

Day 1: GST rates of 1,211 items fixed

19 May 2017

Day 1: GST rates of 1,211 items fixed

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.

Black money crackdown - CBI investigation uncovers shell company network

08 May 2017

Black money crackdown - CBI investigation uncovers shell company network

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.

9lakh firms don't file their I-T returns : Revenue Secretary

01 May 2017

9lakh firms don't file their I-T returns : Revenue Secretary

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.

GST: Service Tax may move to 18%; services more expensive

13 Apr 2017

GST: Service Tax may move to 18%; services more expensive

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.

GST: President Mukherjee approves four key legislations

13 Apr 2017

GST: President Mukherjee approves four key legislations

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

GST Bills introduced in the Parliament

28 Mar 2017

GST Bills introduced in the Parliament

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.

The core team that drafted the Budget

07 Feb 2017

The core team that drafted the Budget

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

PM Modi's clandestine demonetization operation

13 Dec 2016

PM Modi's clandestine demonetization operation

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.

Exchange of old notes comes to an end

24 Nov 2016

Exchange of old notes comes to an end

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

Post office savings accounts allow deposits of Rs.500/1000 notes

24 Nov 2016

Post office savings accounts allow deposits of Rs.500/1000 notes

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.

Only 10% cash replaced so far reveals RBI

22 Nov 2016

Only 10% cash replaced so far reveals RBI

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.

Odisha bank loses Rs.1 crore of old currency

22 Nov 2016

Odisha bank loses Rs.1 crore of old currency

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.

More relaxations for demonetization rules

21 Nov 2016

More relaxations for demonetization rules

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

IT Dept monitoring large deposits

20 Nov 2016

IT Dept monitoring large deposits

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

Demonetization woes continue across India

17 Nov 2016

Demonetization woes continue across India

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

Stone pelting in J&K reduced after demonetization, political opposition hardens

15 Nov 2016

Stone pelting in J&K reduced after demonetization, political opposition hardens

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.

Bank, ATM queues longer, Jewellery sales under scanner

15 Nov 2016

Bank, ATM queues longer, Jewellery sales under scanner

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.

Demonetization: Extension for old notes, larger withdrawal limits at ATMs

14 Nov 2016

Demonetization: Extension for old notes, larger withdrawal limits at ATMs

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

Demonetization: Discontent increases as FM appeals for calm

13 Nov 2016

Demonetization: Discontent increases as FM appeals for calm

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.