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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.

GST Investigation Wing: Prosecution Can’t be Launched Indiscriminately Against All Directors

The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines…
  • AJ
  • Posted on

Monthly GST collections recorded at over Rs.1.4 lakh crore last six months

The monthly GST collection for August 2022 is Rs.1,43,612 crores. The figure…

RBI to set up a fraud registry to keep a check on digital frauds

The Reserve Bank of India (RBI) is planning to set up a…
  • Namita Shah
  • Posted on

Indian Railways: GST Applicable on Cancelling AC Class Confirmed Tickets

The Indian Railways clarified the rules governing cancellation and refund of tickets…
  • AJ
  • Posted on

SC upholds Guj HC decision not to levy IGST on ocean freight

The GST Council will be next meeting in September 2022 at Madurai.…

SEBI releases disclosure guidelines for asset management companies

On Thursday, the Securities and Exchange Board of India (SEBI) laid a…

Re-opening of Transitional ITC Claims Window: Centre Seeks SC Additional 30 Days

In July 2022, the Supreme Court gave a landmark verdict allowing the…
  • AJ
  • Posted on

States’ Revenue May Raise 7-9% in FY23, says Crisil report

The overall revenue of the top 17 states in India, which accounts…

SEBI lays the framework for investment by portfolio managers in securities of related party entities

The Securities and Exchange Board of India (SEBI) has issued a framework…

Turnover calculation for option traders to determine tax audit u/s 44AB

Finally, some good news for options traders as the Institute of Chartered…