Tag: finance ministry
Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interface
New Delhi: The Centre plans to launch a faceless scheme under the Central Goods and Services Tax (CGST) on a pilot basis within the next…
GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payout
New Delhi: The 57th GST Council meeting is likely to consider major changes in tax compliance, including a proposal to remove arrest provisions under the…
India to keep taxation out of bilateral investment treaty framework; Cabinet note ready
New Delhi: India will keep taxation out of the ambit of bilateral investment treaties. The model text of the treaty is expected to be taken…
Budget 2027-28 process begins October 12 with month-long pre-budget meetings
New Delhi: The finance ministry will begin a month-long series of pre-budget meetings from October 12 as part of the preparations for Union Budget 2027-28….
Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edge
The Finance Ministry on Thursday rejected allegations that US pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on select UPI payments,…
Finance Ministry rejects foreign influence claims over UPI MDR, says India’s digital payments decisions are made independently
The finance ministry on Wednesday rejected claims that foreign pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above…
Budget 2027: Finance Ministry sets October 12 for pre-Budget meetings, seeks spending and revenue plans
The Finance Ministry has directed central ministries and departments to prepare realistic expenditure and revenue estimates for the 2027-28 Union Budget, with a focus on…
FinMin asks govt entities against setting high turnover, payroll criteria in GeM consultancy tenders
New Delhi: The Finance Ministry has advised central government entities procuring consultancy services through the GeM portal against prescribing excessively high turnover and payroll requirements,…
Centre releases Rs 1.09 lakh crore to states, advances August tax devolution
New Delhi: The Centre on Saturday released ₹1.09 lakh crore in tax devolution to states, advancing this month’s transfer to strengthen their cash flows and…
Finance ministry calls for faster policy action to sustain growth amid global uncertainty
The finance ministry on Wednesday stressed the need for faster policy responses and stronger implementation to attract both domestic and foreign investment, Times of India…