Advance estimates suggest that Indian economy is expected to witness real GDP expansion of 9.2% in 2021-22
As per the recent tweet of CNBC TV-18, says the Advance estimates suggest that the Indian economy is expected to […]
News
Important News
GSTN enabled new feature w.r.t. tax liability breakup table in GSTR-3B on GST Portal
The Goods and Services Tax Network (“GSTN”) has enabled a new feature w.r.t. tax liability breakup table in GSTR-3B. Used
Important News
GSTN enabled new functionality w.r.t. liability paid percentage on GST Portal
The Goods and Services Tax Network (“GSTN”) enabled new functionality w.r.t. calculation methodology of liability paid percentage on GST Portal
Important News
GST Registration to be cancelled if ITC taken in GSTR-3B varies more than 10% with GSTR-2B
The Goods and Services Tax Network (“GSTN”) has issued an update w.r.t. GST Registration to be cancelled if Input Tax
Important Pronouncements
IT Department cannot raise claims against the Corporate Debtor once the resolution plan is approved
The Hon’ble Bombay High Court in Murli Industries Limited vs. Assistant Commissioner of Income Tax & ors. [W.P. No. 2948
GST Recent News
GST on smartphones should be lowered to 12% from 18% – ICEA
The Indian government imposed an 18 per cent goods and services tax on smartphones in 2020, which upscaled the prices
Important Pronouncements
GST Authority cannot block the bank accounts or ECL beyond an year if assesse is cooperating
The Hon’ble Delhi High Court in M/S Krishna Fashion vs. Union of India & Ors. [W.P. (C) 602/2022 & CM
GST Recent News
Fake Firms’ Syndicate Busted For ₹ 362 Crore GST Evasion
GST officers have busted a syndicate involved in the creation of fake firms and bogus invoices which led to a
Press Release, Press Release
Appointment of Dr. V. Anantha Nageswaran as the Chief Economic Advisor
The Government has appointed Dr. V. Anantha Nageswaran as the Chief Economic Advisor and on January 28, 2022, he has
Press Release, Press Release
Last date of filing application under PLI Scheme for Textiles has been extended upto Feb 14, 2022
Ministry of Textiles has extended the timeline for submission of applications under the PLI Scheme for Textiles till February 14,