India’s Fiscal Deficit Hits 18 Year Low

India’s fiscal deficit as a percentage of budget estimates stood at 18…

GST Collections for September 2021 and Its Indications

The Goods and Services Tax (GST) collections in September 2021 showed a…

CBIC Notifies GST Rate Changes From 45th GST Council Meeting

The 45th GST Council meeting held on 17th September 2021, chaired by…

Celebrating one year of e-invoicing, a potential game-changer for businesses

Electronic invoicing or e-invoicing is the initiative of the Indian government to…

India and Australia to Close Free Trade Agreement by 2022

India and Australia agreed to conclude the long-pending Free Trade Agreement (FTA)…
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Inverted Duty Correction Might Increase the Cost of Clothes and Footwear

The Goods and Services Tax (GST) Act allows registered businesses to claim…

ICRA: GST Levy on BOT-HAM Project Payments Will Have Limited Impact on Cash Flows

Domestic credit rating agency ICRA said on Wednesday that the Goods and…

GST Circular 162/2021 decoded- New time limit and refund of tax paid under wrong tax head clarified

Recently, the CBIC has provided relaxation to taxpayers who earlier deposited taxes…

Foreign Trade Policy Extended Till March 2022

On Tuesday, the government issued a notification of extending the existing Foreign…

ITR: Reporting requirements of foreign assets in the income tax return

The residents Indians holding specified foreign assets shall comply with the reporting…