AJAY BHUSHAN PANDEY
Industry needs to reset relations with workers, says FM Nirmala Sitharaman amid COVID-19 crisis
Asserting that the government trusts industry fully and comprehensively, Nirmala Sitharaman emphasised the need to reset its relations with workers and consider a professional manner in terms for engaging unskilled workers.
No TDS cut for salaried to avoid compliance burden: Finance Secy
The 25% cut in tax deducted at source (TDS) the government has announced as ...
Government designates Ajay Bhushan Pandey as the new Finance Secretary
Pandey, a senior IAS officer with a BTech from IIT Kanpur and an MS an...
New slabs make I-T structure more equitable: Ajay Bhushan Pandey
“People say there should be one or two slabs but that would be highly inequitable... Rates would have to be steep if we have one or two slabs. The income tax structure has to be progressive,” Ajay Bhushan Pandey told ET. “We studied slabs in developing countries, developed countries, neighbouring countries before these were worked out.”
Clear picture of GST mop up in April to come by June-end: Finance Secretary
To a query on why the April GST number has not been released, Pandey said, "You know that the GST filing dates has been extended. If it will be extended, we have said that returns can be filed till June, people who have turnover of more than Rs 5 crore they also got more time."
Avail scheme to get out of demonetisation jam: Revenue secy Ajay Bhushan Pandey
The scheme will be with regard to unexplained bank deposits and not cash unearthed in raids. Finance minister Nirmala Sitharaman had announced a ‘Vivaad se Vishwas’ scheme in the budget with a view to cut down on litigation.
Punjab FM to centre: Stop indiscriminate stoppage of GST credit
"The indiscriminate stopping of tax credits, without even a prior notice and hearing is also likely to fall foul with the principles of natural justice," Badal wrote to revenue secretary Ajay Bhushan Pandey, referring to the GST Council authorising the blocking of 40,000 crore GST credits due to a mismatch in filings and returns.
The top officials working behind the scenes on India’s budget
Modi and Nirmala Sitharaman have separately held meetings with economists, industry leaders.
Budget 2020: FM Nirmala Sitharaman meets industry representatives in Kolkata
Union Finance Minister Nirmala Sitharaman meets industry representatives, trade bodies, investment bankers and farmers’ organizations. The R...
Finance ministry expects at least 80 per cent of taxpayers to move to new tax regime
"We feel at least 80 per cent of the people will come to the new scheme," Pandey said during an interaction with opinion makers in the financial capital. He said the government did an analysis of 5.78 crore taxpayers before the budget and found that 69 per cent of them would save on tax payouts under the new system.
Scrutiny to come down in new tax regime: Rev Secy
Revenue secretary Ajay Bhushan Pandey has said the new tax regime would lessen scrutiny, lessening paperwork for taxpayers. “Scrutiny should come down in the new tax regime,” Revenue Secretary Ajay Bhushan Pandey told ET.
Will meet tax targets: Ajay Bhushan Pandey, Revenue secretary
Revenue secretary Ajay Bhushan Pandey strongly refuted criticism that the goods and services tax was the cause of the current economic slowdown, saying it was a win-win for everyone, with the incidence of taxation coming down on every commodity.
Ajay Bhushan Pandey, author of the Aadhaar story, humbled by its global recognition
The journey wasn’t easy and faced obstacles, including legal challenges that went up to the Supreme Court.
Data analytics to curb fake input tax credit claims
Revenue secretary Ajay Bhushan Pandey is reviewing the matter of fraud input tax credit (ITC) claims on a weekly basis, a government official said, adding that the department will verify and scrutinise taxpayers that have purchased goods from tax evading non-filers.
Nine-point plan firmed up to plug GST revenue leaks
The action plan was finalised after a meeting of state and central GST chief commissioners.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service