Ajay Bhushan Pandey

The government has appointed former finance secretary Ajay Bhushan Pandey as chairman of the NFRA for three years.

The record high GST collection in December was due to economic recovery along with better compliance following the crackdown on malpractices to weed out taxpayers evading GST, Mr Pandey said

Finance secretary Ajay Bhushan Pandey on Sunday hinted that the government is working on another stimulus package but he refrained from giving a timeframe.

Finance Minister Nirmala Sitharaman said she had asked her counterparts at state level to borrow up to Rs 2.35 lakh crore from the market to help close the fiscal gap.

Centre asked the states to borrow money from the market in order to meet the Rs 2.35 lakh crore compensation shortfall

GST rates can be reduced further once the tax base increases and everyone pays taxes properly, Finance Secretary Ajay Bhushan Pandey said on Thursday.

Ajay Bhushan Pandey had taken charge as the Revenue Secretary in November 2018, replacing Hasmukh Adhia who was to retire at the end of the month.

The government this month will roll out a facility to issue online PAN cards instantly on furnishing of Aadhaar details, Revenue Secretary Ajay Bhushan Pandey has said.

Non-resident Indians (NRIs) who don't pay taxes in a foreign country will now be taxed in India, the Union Budget has proposed. It has also said that a person, to be categorised as a NRI, will now have to stay abroad for 240 days as opposed to the earlier stipulated period of 182 days.

Briefing reporters after the meeting of the Council, Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020.

GST Council decided to exempt long term lease on industrial plots to facilitate setting up of industrial parks.

The Aadhaar can now be quoted for cash transactions of more than Rs 50,000 and all other purposes where traditionally income tax PAN number was a must, according to a top official.

"It has been decided to allow the use of Aadhaar by businesses to register with GST-Network," Revenue Secretary Ajay Bhushan Pandey said addressing a press conference after the 35th GST Council meeting.

Easing the enrolment process for new firms, the Council decided to allow the use of 12-digit Aadhaar number for getting GST registration.

Individuals earning Rs 8-9 lakh annually would not have to pay any income tax if they make proper investments in tax saving instruments like provident fund, life insurance, pension scheme and home loan, Revenue Secretary Ajay Bhushan Pandey said Saturday.

The government has appointed former finance secretary Ajay Bhushan Pandey as chairman of the NFRA for three years.

The record high GST collection in December was due to economic recovery along with better compliance following the crackdown on malpractices to weed out taxpayers evading GST, Mr Pandey said

Finance secretary Ajay Bhushan Pandey on Sunday hinted that the government is working on another stimulus package but he refrained from giving a timeframe.

Finance Minister Nirmala Sitharaman said she had asked her counterparts at state level to borrow up to Rs 2.35 lakh crore from the market to help close the fiscal gap.

Centre asked the states to borrow money from the market in order to meet the Rs 2.35 lakh crore compensation shortfall

GST rates can be reduced further once the tax base increases and everyone pays taxes properly, Finance Secretary Ajay Bhushan Pandey said on Thursday.

Ajay Bhushan Pandey had taken charge as the Revenue Secretary in November 2018, replacing Hasmukh Adhia who was to retire at the end of the month.

The government this month will roll out a facility to issue online PAN cards instantly on furnishing of Aadhaar details, Revenue Secretary Ajay Bhushan Pandey has said.

Non-resident Indians (NRIs) who don't pay taxes in a foreign country will now be taxed in India, the Union Budget has proposed. It has also said that a person, to be categorised as a NRI, will now have to stay abroad for 240 days as opposed to the earlier stipulated period of 182 days.

Briefing reporters after the meeting of the Council, Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020.

GST Council decided to exempt long term lease on industrial plots to facilitate setting up of industrial parks.

The Aadhaar can now be quoted for cash transactions of more than Rs 50,000 and all other purposes where traditionally income tax PAN number was a must, according to a top official.

"It has been decided to allow the use of Aadhaar by businesses to register with GST-Network," Revenue Secretary Ajay Bhushan Pandey said addressing a press conference after the 35th GST Council meeting.

Easing the enrolment process for new firms, the Council decided to allow the use of 12-digit Aadhaar number for getting GST registration.

Individuals earning Rs 8-9 lakh annually would not have to pay any income tax if they make proper investments in tax saving instruments like provident fund, life insurance, pension scheme and home loan, Revenue Secretary Ajay Bhushan Pandey said Saturday.