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City Bizmen Blame Downturn on Demo, GST

Ludhiana: Three years after it was implemented in India, the ripples of demonetisation can still be felt among the public, especially in the busine

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CBIC-DIN Comes into Force, Now Both Direct & Indirect Taxpayers can Check Veracity of Tax Notice

CBIC-DIN: With the implementation of CBIC-DIN from today, the Modi govt’s transparency initiative to protext honest taxpayers has been extend

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Revenue Intelligence Officers Should act as Facilitators for Taxpayers, Says FM

Finance Minister Nirmala Sitharaman on Friday asked revenue intelligence officials to be “facilitators” for taxpayers and ensur

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Stop Predatory Pricing, Piyush Goyal Tells Ecommerce Companies

Commerce and industry minister Piyush Goyal has warned ecommerce companies of strict action if they don’t halt predatory pricing on their pla

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02/11/2019

This PPF account interest trick can make your child BOSS OF WEALTH! PPF Calculator shows you the money

PPF or Public Provident Fund is mainly known for the benefits it offers as a retirement oriented investment scheme. However, if you, as an investor

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29/10/2019

Gujarat HC Serves Notices on Govt, GST Council for Breach of Refund Norms

Under the Rule 92 of the Central GST (CGST) Act, the claim of the refund has to be made in the RFD 04 form. Thereafter, the officer concern

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29/10/2019

Increase in GST Rates not a Viable Option for SMEs, Will Lead to Unnecessary Litigation

GST and Taxation for MSMEs: MSMEs with their tight budgets may not be able to take the extra cost associated with the imposition of a tax or the re

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29/10/2019

Pawan Kalyan opposes GST cut to new sand lorries

Jana Sena chief Pawan Kalyan said the party would complain to the Centre against the policies of the state government, especially on a proposal to

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29/10/2019

Amazon, Flipkart Causing Huge GST Revenue Loss to Govt: CAIT

In a fresh accusation against e-commerce companies including Amazon and Flipkart, traders body Confederation of All India Traders (CAIT) has levell

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29/10/2019

GST Appellate: Towards Seamless Dispute Settlement

Given that litigation in GST is yet to reach the Tribunal level, it is not late to imbibe the learnings from erstwhile laws under the GST regime. Read More →

29/10/2019

Now, Officers to Exclusively Handle GST, Customs Complaints

A nodal officer will be appointed in each CGST and Customs Commissionerate to sort out taxpayer grievances. The move would ensure an escalation poi

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• The ‘Landmark’ Calcutta Club Verdict Changes GST Norms for Clubs

The Supreme Court has said that service tax need not be charged by clubs for services to its members. The same should hold true for the GST

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• Agents of Foreign Firms Seek GST Exemption, Cite Govt Body Clarifications

These providers, indenting agents in technical parlance, went to the Gujarat high court against the GST levied on them.

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• Reduce GST on Machined Job Works to 5 Per Cent: Tamil Nadu Government Urges Centre

The government should treat all the machined job orders, where material input is not involved to be taxed, at the same level of 12 per cent GST. Read More →

• Tax Collection in FY20 May Fall Short by Rs 2 Lakh Crore

The government had budgeted for a gross tax collection of Rs 24.6 lakh crore for the current financial year against the revised estimate of

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No MAT Credit Available If Domestic Company opts for Concessional Tax Regime:

The Central Board of Direct Taxes ( CBDT ) has issued clarications in respect of option exercised under Section 115BAA

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Income Tax Department conducts Searches on Coaching Institutes in Namakkal

The Income Tax Department, conducted a search action on 11th October, 2019 in the case of a business group based in Namakkal, Tamil Nadu. The group

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Relief to Deepak Kochhar: Supreme Court dismisses Income Tax Department’s plea from Reassessing NuPower Renewables

The two-Judge Bench of the Supreme Court of India has dismissed the Income Tax Department’s plea from reassessing Deepak Kochhar and NuPower

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