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Economy

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Stay updated on direct tax and indirect tax, income tax returns, GDP, government policies and schemes, and breaking news on due dates and extensions.

Here’s what the government responded about GST levy on petrol and diesel

On 19th July 2021, a few MPs raised questions before the Lok…
Gold rate

GST is payable only on the margin in case of sale of old/used gold

When a business entity refurbishes and resells the same product, tax is…
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Aadhaar Update

Government plans to link land records with Aadhaar

Since 2014, the Union Government has had plans to link land records…

5 Reasons to File an ITR Even if You Do Not Have Taxable Income

It’s that time of the year again when crores of Indian taxpayers…

Rs.75,000 crore disbursed towards GST compensation shortfall

Being the first batch of payments for FY 2021-22, the Central Government…

COVID-19 Second Wave Dips, But Demand is Yet to Resume

As per RBI, the dip in the COVID-19 second wave and vigorous…

Cabinet Extends RoSCTL Scheme for Textile Exporters

On Wednesday, the Union Cabinet approved to continue the Rebate of State…

Banks Might Face Legal Problems Upon Invoking Personal Guarantees

In May, the Supreme Court permitted invoking personal guarantees concerning corporate debtors.…

18% GST on Houseboats Used For Cruises, Rules Kerala AAR

The Kerala Authority for Advanced Ruling (AAR) has ruled that 18% GST…
GSTR-9

Madras HC quashes AAR ruling: Resident welfare association not to pay GST on the total value

The Madras High Court (HC) has recently quashed a ruling passed by…