FDI inflows worth US$ 339.55 billion have been reported during the last five FYs
Foreign Direct Investment inflows (FDI) has shown a continuous increase from US$ 45.15 billion in 2014-15 to US$ 81.97 billion […]
Press Release, Press Release
Press Release, Press Release
Various steps taken by government under “Minimum Government – Maximum Governance”
Central Government follows the principle of “Minimum Government – Maximum Governance”, under which efforts are being made to reduce public
GST Recent News
Government open to consider Restaurant Owners’ demand for higher GST Levy
Government is open to considering the restaurant industry’s demand of shifting back to higher goods and services tax (GST) along
Important Pronouncements
GST registration cannot be suspended for more than 2 months on the basis of SCN lacking any reason or fact
The Hon’ble Delhi High Court in Shakti Shiva Magnets Private Limited v. Assistant Commissioner & Ors [W.P.(C) 1559/2022 dated January
Important Pronouncements
Assessment order cannot be issued without giving an opportunity of being heard and is against the principles of natural justice
The Hon’ble Allahabad High Court in Bharat Mint and Allied Chemicals v. Commissioner Commercial Tax & Ors. [Writ Tax No.
News
Finance minister asks industry to join ‘Team India’, step up investment
Finance minister Nirmala Sitharaman on Monday asked the private sector to join ‘Team India’ and step up their investments in
GST Recent News
No clarity on levying of GST on crypto: Sushil Modi in Parliament
During the Zero Hour discussion in the Rajya Sabha on Tuesday, BJP leader Sushil Modi raised the issue of crypto currencies. Notably, Finance Minister Nirmala Sitharaman had announced during
GST Recent News
No Petroleum Product under GST
The GST Council has made no recommendation so far to include petroleum products, including petrol, natural gas and aviation turbine fuel (ATF)
GST Recent News
Karnataka CM urges Centre to extend GST compensation period upto 2024-25
Karnataka Chief Minister Basavaraj Bommai on Monday requested the Centre to extend the GST compensation for a period up to 2024-25. Bommai presented
Important News
CBDT issued refunds of over Rs. 1,67,048 crore to more than 1.87 crore taxpayers from April 01, 2021 to February 07, 2022
As per the recent tweet of Income Tax India, the Central Board of Direct Taxes (“CBDT”) has issued refunds of