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Economy

1958 posts

Stay updated on direct tax and indirect tax, income tax returns, GDP, government policies and schemes, and breaking news on due dates and extensions.

Odisha AAR: Renting Residene as a Guest House Attracts GST under RCM

The Odisha Authority of Advance Ruling (AAR) ruled that renting residential premises…
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ITR Mismatch: Income tax department picks up 68k cases for e-verification and to take action against 33,000 taxpayers

The income tax department has detected approximately 68,000 cases where income was…

India’s WPI eases to 3.85% in February

India’s Wholesale Price-based Inflation (WPI) eased to a two-year low of 3.85%…

CCI might soon issue notices on anti-profiteering

The Competition Commission of India (CCI) plans to take strong action against…
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The government may infuse capital in public sector general insurers

A senior government official stated that the government might infuse capital in…

Number of e-way bills generated in February 2023 falls to a 3-month low

The media reports indicate that the monthly e-way bill generation has dropped…

Gujarat AAR: Ice Creams Not Prepared in Outlets Attracts 18% GST

The Gujarat Authority for Advance Ruling (AAR) ruled that the supply of…
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Government Brings Crypto Trading Under the Prevention of Money Laundering Act

The Government of India has brought cryptocurrency trading and other Virtual Digital…

Bangalore AAR: Supply of Works Contract Service Attract 18% GST

The Bengaluru Authority for Advance Ruling (AAR) held that the supply of…
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Review of compensation cess on paan masala by GST fitment committee

The GST fitment committee, consisting of central government and state government revenue…