Browsing Category

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.

GST Council May Levy 28% Rate on Cryptocurrencies

The GST Council is considering levying a 28% GST rate on cryptocurrencies…

Tamilnadu AAR: PSA Medical Oxygen Generation Plant Attracts 18% GST

The Tamil Nadu Authority for Advance Ruling (AAR) ruled that the Pressure…
  • AJ
  • Posted on

Steady Rupee, Low Inflation Will Lead to Return of FPIs

The Reserve Bank of India (RBI) did a surprise rate hike that…

Immunity from penalty cannot be denied due to default on the part of the Revenue

In the Nirman Overseas Private Limited Vs National Faceless Assessment Centre case,…
GST

GST Portal Implemented Annual Aggregate Turnover Functionality

Annual Aggregate Turnover (AATO) plays a vital role in Goods and Service…
  • AJ
  • Posted on

GST Collections Touched All-Time High of Rs 1.68 Lakh Crore

The finance ministry announced that the Goods and Service Tax (GST) collections…
  • AJ
  • Posted on

Income tax updates – CBDT notifies form for filing the ‘Updated’ income tax returns

The income tax department has notified Form ITR-U for filing the ‘Updated’…
Financial technology

IT Department To Question the Sharp Decline in NFT Prices

A recent decline in the prices of the high-value Non-Fungible Tokens (NFTs),…

EPFO and UAN of Unorganised Sector Workers May Become Interoperable

The Universal Account Number (UAN) of the Employees Provident Fund Organisation (EPFO)…

GST Portal Implemented New Functionalities in GSTR-1/IFF

In February 2022, the Goods and Services Tax (GST) portal announced the…
  • AJ
  • Posted on