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 How to surrender additional PAN card and what are the consequences

If you have more than one PAN, whether acquired intentionally or inadvertently, you run the risk of being penalised. Following government's mandate to link PAN with Aadhaar, and Aadhaar with bank accounts, detecting multiple PANs could become easier for the Income Tax Department once the data is collated. more..

 Tax-GDP ratio may rise to 11.9% due to GST, closer scrutiny: Government

NEW DELHI: The government expects the goods and services tax (GST) and increased surveillance to boost tax revenues over the next two years, taking India’s tax-to-GDP ratio close to 12% by FY20. more..

 Govt notifies timeline for filing of tax returns under GST

NEW DELHI: The government has notified the timeline for furnishing final tax returns for July and August under the Goods and Services Tax (GST) regime. The GST Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, had in June allowed businesses extended timeline for filing final GST returns in forms GSTR-1, GSTR-2 and GSTR-3 for July and August. more..

 
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    Ensure all traders register under GST by Aug 15: PM Narendra Modi to Chief Secretaries

    NEW DELHI: Prime Minister Narendra Modi today asked all chief secretaries to work expeditiously towards ensuring that all traders register under the GST regime before August 15, a PMO statement said.

    He conveyed this while chairing a meeting of Pro-Active Governance and Timely Implementation (PRAGATI), a multi-modal platform through which he interacts with top officials of state governments via tele-conferencing.

    GST was rolled out on July 1, ushering a new system of indirect taxes in the country.

    During the meeting, the prime minister also reviewed the progress towards handling and resolution of grievances related to the Central Public Works Department (CPWD) and the Directorate of Estates and asked the Urban Development ministry to proactively monitor the same, with sensitivity, the statement said.

    He asked the CPWD to encourage all vendors to come aboard the Government e-Marketplace (GeM) platform, the PMO said.

    Modi also reviewed the progress of vital and long-pending infrastructure projects in the railway, road and petroleum sectors, spread over several states including Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, West Bengal, Odisha, Uttar Pradesh, Uttarakhand, Himachal Pradesh, and Arunachal Pradesh.

    The projects reviewed today include the Chennai Beach- Korukkupet third line and the Chennai Beach-Attippattu fourth line; the Howrah-Amta-Champadanga new Broad Gauge line.

    Four-laning of Varanasi bypass; four-laning of Muzaffarnagar-Haridwar section of NH-58 were also reviewed.

    "Noting that several of the projects reviewed today have been pending for decades, and in one case, over four decades, the prime minister urged all chief secretaries to take all possible steps to avoid delays, and resulting cost escalations," the statement said.

    He emphasized on speedy implementation of such infrastructure projects, it added.

    The prime minister also reviewed the progress of the Pradhan Mantri Awas Yojana (Urban) and urged the concerned departments to accelerate the adoption of new construction technologies at the earliest, the statement said.