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Economy

2096 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.

Tax Exemption

What is Jhatpat Processing Scheme of the Income Tax Department?

The income tax department introduced a new initiative ‘Jhatpat Processing’ for simplifying…

Liberalised Authorised Economic Operator Offered to MSMEs in EXIM Sector

The Indian government with the CBIC has introduced a special package for…
RBI

RBI Introduces Legal Entity Identifier (LEI) for Large Value Transactions

Legal Entity Identifier (LEI) is a unique 20-digit number used for identifying…

GDP Estimates Suggest an Upturn in Economic Activities in India

The Finance Ministry has revealed that the Gross Domestic Product (GDP) estimates…

Government Tightens GST Laws for Fraudulent GST Practices

With the turn of the decade, the Indian government has found new…

IFF is LIVE on the GST portal for those opting the QRMP scheme

The invoice furnishing facility is now available for taxpayers opting for the…

LPG Consumers Can Book for Refill Through Missed Call Facility

The Petroleum and Natural Gas and Steel Minister, Shri. Dharmendra Pradhan, on…

Missing ITR deadline will lead to double penalty, Finance Ministry

The income tax department received numerous requisitions to extend the last date…
GSTR-9

NIC Generated 6.03 Crore e-Invoices and 6.42 Crore e-Way Bills in December 2020

The GST e-invoice system had completed three months by the end of…
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GSTN Releases Advisory on Auto-population of e-Invoice Details

The Goods and Services Tax Network (GSTN) has recently issued an advisory…