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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.

GSTR-9

GST Turns Three! Hits and Misses of India’s Biggest Indirect Tax Reform

Although the GST system brought many businesses together under the framework of…

CBIC Clarifies on Cross Empowerment of CGST and SGST Officers

The Central Board of Indirect Taxes and Customs (CBIC) has issued a…
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Unlock 2.0: A List of Activities Allowed and What Still Remains Closed

The Ministry of Home Affairs (MHA) has released guidelines for Unlock 2.0,…

IT rules specify allowances for employees choosing new tax regime

The new tax regime is effective from FY 2020-21. Employees choosing the…
GSTR-9

CBIC has notified an extension of two months to various GST compliance

The government of India has notified yet another extension for the completion…

Real estates to pay GST on shortfall in input procurement before 30 June

The real estate companies are allowed to opt for lower Goods and…
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Summary of CBIC notifications dated 24th June 2020 on GST extensions

The CBIC issued several GST notifications on 24th June 2020. Here’s the…

Due Dates of These 10 Financial Activities Have Been Extended

The outbreak of COVID-19 pandemic and the nationwide lockdown has flipped our…

Kerala to Conduct Second Level Verification of New GST Registrations

The Kerala State Goods and Service Tax (GST) issued circular authorising the…
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Government approves 2% interest subsidy on Shishu loans

As part of the COVID-19 relief measures, small borrowers holding Shishu loan…