GST Council to discuss compensation cess on Aug 27, 2020 other issues on Sep 19, 2020
The Goods and Services Tax (GST) Council has scheduled two crucial meetings on August 27 and September 19. On August […]
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GST Recent News, News
Auto component firms seek tax rationalisation to tide over covid slowdown
The auto component industry, which accounts for around 2.3% of the country’s GDP, is looking for government support in terms of
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HC refuses pre-arrest bail to trader booked for claiming fraudulent input tax credit of Rs 63.50 cr
Bombay high court (HC) on Tuesday rejected the anticipatory bail plea of a Mumbai-based trader, who is accused of fraudulently
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Kerala FM Thomas Isaac bats for GST e-invoicing in gold and jewellery trade
A high level group of ministers will discuss GST e-invoicing for gold jewellers whose turnover is below Rs 500 crore
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Faceless Assessment Scheme: 97% of Income Tax work force feeling left out
The employee associations of Income Tax have said that the restructuring carried out in the Department to implement the Faceless
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CBDT outlines conditions under which pension funds can avail exemptions from income tax
The Central Board of Direct Taxes (CBDT) Monday outlined various conditions under which pension funds can avail exemptions from income
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Delhi HC dismisses plea seeking lower GST on sanitisers
Delhi High Court has dismissed a petition asking the court to classify mask and sanitisers as essential commodities and reduce GST on alcohol-based sanitisers
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FinMin, PMO to discuss fresh overhaul of basic customs duties; 300 items likely on the table
The Ministry of Finance and the Prime Minister’s Office (PMO) will soon discuss a fresh overhaul for basic customs duties
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Government clarifies on proposal to modify income tax returns
The finance ministry has cleared the air on a report that said the Statement of Financial Transactions (SFT) expansion would
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All communication with taxpayers to be from NeAC under faceless assessment
The Income Tax department has issued guidelines for the demarcation of roles of officers for the implementation of faceless assessment,