https://www.taxtmi.com/news?id=20910 Regulatory actions in 2018 combined GST rate rationalisation and implementation of new return formats with strengthened anti evasion and asset recovery mechanisms-notably adoption of Automatic Exchange of Information and FATCA exchanges, enhanced enforcement under the Prohibition of Benami Property Transactions Act including an informant reward scheme, and introduction of a Fugitive Economic Offender regime-together with banking sector reforms: large scale public sector bank recapitalisation, creditor led insolvency resolution under the Insolvency and Bankruptcy Code, SARFAESI amendments for faster recovery, and measures to debar wilful defaulters. en-us Wed, 02 Jan 2019 16:30:05 +0530 Wed, 02 Jan 2019 16:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20910 Regulatory actions in 2018 combined GST rate rationalisation and implementation of new return formats with strengthened anti evasion and asset recovery mechanisms-notably adoption of Automatic Exchange of Information and FATCA exchanges, enhanced enforcement under the Prohibition of Benami Property Transactions Act including an informant reward scheme, and introduction of a Fugitive Economic Offender regime-together with banking sector reforms: large scale public sector bank recapitalisation, creditor led insolvency resolution under the Insolvency and Bankruptcy Code, SARFAESI amendments for faster recovery, and measures to debar wilful defaulters. News - Wed, 02 Jan 2019 16:30:05 +0530 https://www.taxtmi.com/news?id=20910