CAG could get more access to taxpayers’ data
The Comptroller and Auditor General of India (CAG) may be allowed greater access to taxpayers’ data for the purpose of […]
GST Recent News, News
Press Release, Press Release
Clarification on continuation of concessional rate of tax on certain interest income of the FPIs
Section 115AD of the Income-tax Act, 1961 (the ‘Act’) inter alia contains provisions for taxation of income of FPIs. Proviso to section 115AD(1)(i)
GST Recent News, News
Petroleum Secy: Gas under GST will help sector and enhance consumption
There’s a lot happening in the oil and gas sector to boost gas consumption and make India Atmanirbhar, even as
GST Recent News, News
GST regime: Madras HC allows claiming input tax credit on TDS from VAT
The Madras High Court has allowed assessees to claim input tax credit for tax deducted at source (TDS) pending from
Press Release, Press Release
Plan of action by the Government to stabilise GDP
Fiscal Deficit for the Financial Year 2021-22 is estimated at 6.8 percent in BE 2021-22. This was stated by Shri Anurag Singh
GST Recent News, News
Supreme Court issues notice on PIL seeking system to track GST paid by Facebook, Amazon, Google, Twitter, others
The Supreme Court on Wednesday issued notice on a PIL seeking directions to the Centre to have a mechanism to track total
Press Release, Press Release
Performance of Emergency Credit Line Guarantee Scheme for MSME
As informed by National Credit Guarantee Trustee Company Limited (NCGTC), the implementing agency for Emergency Credit Line Guarantee Scheme (ECLGS),
GST Recent News, News
CBIC steps on the gas to shore up revenue collections for FY21
Facing a ₹1 trillion revenue shortfall, the Central Board of Indirect Taxes and Customs (CBIC) is pulling out all stops to
Notification And Circular, Notification and Circular
New Rule 29BA and Form No. 15E inserted in Income-tax Rules
The CBDT vide Notification No. 18/2021, dated March 16, 2021 issued ‘Income-tax (5th Amendment) Rules, 2021’ to further amend the
GST Recent News, News
Standing committee on finance pushes for govt to increase GST collections to compensate states
The standing committee on finance sought that the government should initiate all possible structural and enforcement related measures to shore