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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.

CBIC clarifies issues ranging from GST on not serving notice period to cheque dishonor

The CBIC issued a fresh Circular regarding the taxability of GST on…

Higher GST Collections to Impact State’s Demand to Extend Cess

Few chief ministers reiterated their demand to extend the Goods and Services…
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No GST on Rent for Personal Purposes

The Goods and Services Tax (GST) Council has proposed a few changes…
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CAG points out loopholes in GST and makes recommendations

The Comptroller and Auditor General (CAG) of India recently audited the GST…
GST Revenue

Report 6-digit HSN code in GSTR-1 filed on or after 1st August 2022

The part-II of the first phase of mandatory HSN code implementation on…

Fresh GST rate revision clarifications issued by the CBIC

The Central Board of Indirect Taxes and Customs (CBIC) issued fresh Circulars…

SC: States Shall Mention Document Identification Number in GST notices

The Supreme Court directed the Goods and Services Tax (GST) Council to…
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Single-click nil GSTR-1 filing now live on the GST portal

The Goods and Services Tax Network (GSTN) issued a GSTR-1 advisory on…

GST Collections for July 2022 is Rs.1,48,995 crore, the second highest ever!

The Ministry of Finance issued a press release on 1st August 2022…

e-Invoicing Extended to 10 cr+ Turnover Businesses from 01st October

Central Board of Indirect Taxes & Customs (CBIC) extended the e-invoicing initiative…
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