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Tax disputes to be resolved in next few days: Arun Jaitley

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New Delhi: Taking into consideration the concerns of the overseas and domestic investors, Finance Minister Arun Jaitley on Thursday said tax disputes will be resolved over the next few days.

Picture credit: indiatoday.in
Picture credit: indiatoday.in

“Since May 2014, a number of tax disputes have been put to rest since the BJP government took office,” Jaitley told an economic convention here organised by FICCI.

“We are trying over the next few days itself (to look at pending disputes) so that many others can be put to sleep either by a judicial resolution or an executive resolution,” the minister told the India Economic Convention.

(IANS)

 

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GST Council Actively Discusses Relief Measures for Traders and Quarterly Return Filing

The state Finance Minister said that the Council was discussing the issues being faced by small traders.

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Goods and Services Tax (GST) Council is actively discussing relief measures for traders, (ians)

New Delhi, October 6, 2017 : The Goods and Services Tax (GST) Council is actively discussing relief measures for traders, including quarterly return filing and increasing threshold limit for Composition Scheme, sources said on Friday.

“Council members requested quarterly return filings for businesses with turnover less than Rs 1.5 crore,” a Council member said on the sidelines of its ongoing meeting.

The state Finance Minister said that the Council was discussing the issues being faced by small traders.

Raising the threshold limit for Composition Scheme from the current Rs 75 lakh to Rs 1 crore is also under discussion.

“Rs 1 crore threshold in the Composition Scheme is also supported by the GST Council members,” he said. (IANS)

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