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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.

40th GST Council Meeting: Late Fees Waived on GST Returns, Interest Rates Slashed

The 40th GST Council meeting took place today via video conference, chaired…

40th GST Council Meeting LIVE🔴 Updates Post Lockdown

The 40th GST Council meeting will begin today at 11 a.m. at…

Can Accumulated ITC Refund be Allowed on Invoices, Not in GSTR-2A?

The Goods and Services Tax (GST) is marching towards completing its third…

SEBI: Promoters’ Children Cannot be Categorised as Public Shareholders

The Securities and Exchange Board of India (SEBI) has said that the…

Latest CBIC Circular Clarifies GST Levy on Director’s Remuneration

The Central Board of Indirect Taxes and Customs (CBIC) has released the…
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RBI

RBI Proposes Relaxation in MHP for Mortgage-based Securities

The Reserve Bank of India (RBI) has publicised the draft framework for…

Finance Ministry proposes decriminalising of minor economic offences

The Department of Financial Services, under the Ministry of Finance, is proposing…

Compensation to states on the radar at Friday’s 40th GST Council meet

States’ compensation shall top the agenda of the upcoming GST Council meeting.…
GSTR-9

Filing Nil GSTR-3B Through SMS Facility is Live Now

The government has decided to implement an SMS facility for Nil return…
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April 2020 GST Collections took a Sharp Decline as Expected

The business activities came to a virtual standstill mode during April 2020…
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