CBIC Circular says: Employee perks won’t attract GST

The Central Board of Indirect Taxes and Customs (CBIC) issued a new…

CBIC Clarifies on Reporting Proper Information and ITC Reversal in GST Returns

The Central Board of Indirect taxes and Customs (CBIC) has issued a…

RBI eases forex norms to lift the sinking rupee

The Reserve Bank of India announced various measures to enhance forex inflow…

ITR-U e-filing enabled AY 2020-21 and AY 2021-22

What is ITR-U? Taxpayers will now be able to update their returns…

UPI Transactions in June Cross Rs 10 Lakh Crore for the Second Time

Unified Payments Interface (UPI) has become India’s single largest retail payment system…

CBIC notifies decisions from 47th GST Council meeting and provisions of Finance Act 2022

The Central Board of Indirect Taxes and Customs (CBIC) issued six new…

The GST collections for June 2022 amounted to Rs. 1.44 lakh crore

According to the press reports by the Union Finance Ministry, the monthly…

Revenue Secretary: 28% GST to continue on luxury and sin goods

Revenue Secretary Mr Tarun Bajaj said the government aims to maintain the…

ITR: Who should not file returns in ITR-1 for FY 2021-22?

The due date to file Income Tax Returns is fast approaching for…

The five year journey of GST & its impact on Indian businesses

It’s been five years since the historical indirect tax law, i.e., Goods…