In the 25^th meeting of GST Council, concerns are raised over shortfall in GST revenue collection. Mismatch of Rs. 34,000 Crore tax liabilities reported in GSTR-1 and GSTR-3B took the centre stage of discussion on GST during last week. The shortfall in GST revenue collection may be …

[Co-authored with R. Kavita Rao]

The long wait for a harmonised indirect tax system in India will soon be over with the introduction of Goods and Services Tax (GST) system from July 1, 2017. After the passage of four GST Bills (Central GST, Integrated GST, Union Territory GST and GST Compensation to States), …

As SEBI cracks down on the business of P-Notes and the tax department follows up on the use of cash for generating unaccounted incomes, it comes as a surprise that the grey market for shares thrives unfettered. It is fairly common for major newspapers to quote the premium …