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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.

No extensions for specific GST compliance due in Mar-Jun 2020

The Central Board of Indirect Taxes and Customs (CBIC) has issued several…

IT department speeding up the processing of pending income tax refunds

The government will release pending income tax refunds up to Rs 5…

Government to consider tax refunds for large entities

The government is likely to provide large entities with income tax and…
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Businesses choose to timely file GST returns over interest payment

We have all heard of the proverb ‘A stitch in time saves…

Employees can choose new tax regime at the beginning of financial year

Individual taxpayers have the option to choose a new tax regime from…

CBIC Provides Customs Relief Measures Amid COVID-19 Pandemic

The Government of India announced a countrywide lockdown to prevent the spread…
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SDRF Utilisation Norms Relaxed For 1 Year Due to COVID-19 Crisis

In the view of the COVID-19 pandemic, the Centre is said to…

CBIC Further Clarifies on the GST Compliance Extension

Recently, the government has deferred all kinds of GST compliance until June…

Central Government plans to release more GST compensation cess

To provide more relief to states in the course of the Coronavirus…
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CBIC launches a special GST refund drive in April 2020 for MSMEs

The government of India has been resorting to all possible means during…