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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.

‘U’, ‘V’ or ‘W’: Which Alphabet is Likely to Shape India’s Economic Recovery?

The economic recovery of a country usually takes the shape of one…

HP AAR: Employers Cannot Claim GST ITC on Transport Services

The Himachal Pradesh Authority for Advance Ruling (AAR) rules that the employer…
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PM’s Garib Kalyan Package Gives Rs.65,454 Crore Financial Aid to 42 Crore People

The Pradhan Mantri Garib Kalyan Package (PMGKP) has been swiftly implemented; over…

Gujarat AAR: Interest on PPF & SB Accounts Included in Aggregate Turnover for GST Registration

The Gujarat Authority for Advance Rulings (AAR) has directed that any interest…

Centre to Borrow Funds to Settle the State’s GST Compensation Cess

At the pre-introductory times of Goods and Services Tax (GST), the Centre…
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Late Fee Waiver of Past Returns May Be a Double-Edged Sword

It’s been five days since the 40th GST Council meeting was held…

New GST Registrations Get Delayed Due to Lockdown

During the lockdown period, new registrations under Goods and Service Tax (GST)…
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Tax

Cost inflation index notified for FY 2020-21 for calculation of LTCG

The CBDT recently notified the cost inflation index at 301 for the…

GST on Roti vs GST on Parota Debated

The Advance Rulings Authority (AAR) of Karnataka bench has stated that parotas…

After Frozen Parota, It Is Now Pan Masala’s Turn For More GST

Apart from the more Goods and Services Tax (GST) on frozen parota,…
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