Do you need to file ITR and disclose your foreign travel expenses?

People are splurging on foreign travel as international travel opens up after…

Centre to Bear the Yearly Revenue Loss Worth Rs 2.2 lakh crore Due to Fuel Tax Cuts

Centre to Bear the Yearly Revenue Loss Worth Rs 2.2 lakh crore…

Centre Will Not Cut Its Capital Expenditure (CAPEX) Plan

The Finance Secretary, TV Somanathan, stated that the Centre would not cut…

SC Rules That Recommendations by the GST Council Are Not Binding on the Government

The Supreme Court took a landmark decision on Thursday, where it ruled…

Supreme Court: CBIC Notification Imposing IGST on Importers is in Violation of GST Law

The Supreme Court has held that the Central Board of Indirect Taxes…

WPI Inflation Rises to 15.08% In April From 14.55% In March

As per the data released by the Commerce Ministry, the Wholesale Price…

Tax Query: Once the details of an e-invoice have been modified on the GST portal, will the e-invoice be valid?

1. Can I amend the details of an invoice for which an…

CBIC Extends GSTR-3B Due Date Amid GSTR-2B Glitches

The Central Board of Indirect Taxes and Customs (CBIC) extended the GSTR-3B…
GST Revenue

Calcutta HC: ITC Can’t be Denied When Supplier GST Registration Cancelled

The Calcutta High Court ruled that the department cannot deny Input Tax…

Public Debt May Increase in Short-Term

The Centre’s interest payments will rise again this fiscal. The Centre’s interest…