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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.

Revenue secretary: On capital gain tax and startups

In a post-budget discussion, the revenue secretary stated that the capital gains…

CBIC Chairman: Monthly GST Return Filers Doubled Amid Rationalisation Measures

The Central Board of Indirect Taxes and Customs (CBIC) Chairman Mr Vivek…
  • AJ
  • Posted on

Top 5 recent GST portal updates you must be aware of

The GST Network (GSTN) has released a few critical updates on the…

How Does the Revised CGST Section 38 Impact Taxpayers’ ITC Claims?

The Finance Bill 2022 proposed substituting the existing Section 38 of the…

Union FM: Proposal to Bring ATF under GST in Next Council Meeting’s Agenda

Union Finance Minister Nirmala Sitharaman recently said that the agenda of the…
  • AJ
  • Posted on
Tax Exemption

‘Updated return’ law is not an amnesty scheme for taxpayers

Budget 2022 introduced a new law of ‘updated return’. Under this, a…
GSTR-9

CBIC Chairman clarifies on GST on crypto and removal of 400+ customs exemptions

The Central Board of Indirect Taxes and Customs (CBIC) Chairman Shri Vivek…
RBI

RBI Mandates Banks to Seek Prior Approval for Foreign Currency Deposit Schemes

Banks will need to seek prior approval before extending any foreign currency…
  • Bhavana PN
  • Posted on

Budget 2022: Know whether you should file an ‘updated’ return or a revised return

The government has proposed filing updated returns for the taxpayers on payment…

Budget Proposals Will Boost Exports and Manufacturing: Exporters

According to the exporters and industry, the steps announced by the Finance…