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Economy

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

Funds From PM Cares Fund Not Transferrable to NDRF

This year witnessed the outbreak of coronavirus at the beginning of February…

Over 300 items likely to undergo revision in the basic customs duties

The Finance Ministry, together with the Prime Minister’s office, will be discussing…

E-Way Bills Maybe Mandatory for Intrastate Movement of Gold

The Goods and Services Tax (GST) Council formed a GST panel to…
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AP AAR: Coaching Classes Will Not Be Exempted From GST

Several Authorities for Advance Rulings (AAR) have held that GST will be…

PM Modi launches ‘Transparent Taxation’ With Other Direct Tax Reforms

‘Transparent Taxation’ platform was launched by PM Narendra Modi on 13th August…

DGGI Detects Over Rs.17 Crore GST Evasion by Cement Manufacturer

The Directorate General of GST Intelligence (DGGI) office stated on 12 August…
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Telangana AAR: 5% GST on Food Supplied to Hospitals

The Telangana State Authority of Advance Ruling (AAR) ruled that 5% GST…
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CGST, SGST on Intermediary Services to Foreign Clients Constitutionally Valid

The Gujarat High Court has upheld the constitutional validity of section 13(8)…

Taxpayers Under Reporting Turnover to Avail GST Compliance Relaxations

The businesses used to under-report their investments and turnovers to continue the…
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GSTN Launches GSTR-2B Statement For Easy ITC Reconciliation

The Goods and Service Tax Network (GSTN) has launched a new statement…