Updates

The infrastructure industry on Monday demanded rationalisation of Goods and Services Tax (GST), easier bank credit and a hike in ...
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Finance Minister Nirmala Sitharaman will hold pre-budget consultations with her state counterparts on Friday. The meeting is part of the ...
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The Ministry of Finance has invited suggestions from industry and trade associations for changes in direct and indirect taxes in ...
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As part of its drive against decriminalisation, the Centre is contemplating raising the monetary threshold for initiating prosecution for cognisable ...
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Since we are already in the last month of the Accounting year i.e. March 2023, which mandates a few important ...
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Due dates Advance Tax is payable on or before 15th June, 15th September, 15th December & 15th March. So, the ...
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We are fast approaching the end of the financial year 2022-23. It mandates for some activities to be carried out ...
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The state Cabinet, under the chairmanship of Chief Minister Sukhvinder Singh Sukhu, on March 01, 2023 approved the Himachal Pradesh ...
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Finance Minister Palanivel Thiaga Rajan in his budget speech said despite multiple representations from the States, the Union government refused ...
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Trade bodies have welcomed most of the announcements in the state budget but are disappointed that no announcement was made ...
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Ninety per cent of India’s Goods and Services Tax (GST) collections are paid by the top 22% businesses having a ...
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The Goods and Services Tax system that was implemented to ease the taxation system, has also become a tool for ...
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The GST department will soon begin analysing ITRs filed by businesses and professionals and also MCA filings to ascertain if ...
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GST officers in Delhi have unearthed a fake invoicing racket involving tax evasion of Rs 17 crore and arrested two ...
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Jittery over the show-cause notices being issued by State Goods and Services Tax (SGST) department for value added tax (VAT) ...
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The Orissa high court has held that sale of ‘chokad’ (wheat bran) irrespective of the purpose for which it is ...
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Kerala has received ₹15,610.94 crore by way of Integrated Goods and Services Tax (IGST) till February in this fiscal, according ...
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A Goods and Services Tax (GST) panel is finalising classifications of millet-based products to determine the tax rates applicable on ...
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Individual taxpayers need to be incentivised to migrate to an exemption-less income-tax regime, Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister, told ET, pegging India to grow at about 6.5% in the next fiscal. According to Debroy, the government’s capital expenditure focus will continue in FY24 while ...
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The sleuths of the Central Bureau of Investigation (CBI) on Wednesday arrested a tax assistant of the Income tax department red handed while accepting a bribe of Rs 15,000 at the Industrial township Parwanoo. A team of CBI following a complaint of the management of a business firm laid a trap ...
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The Central Bureau of Investigation (CBI) arrested nine Income Tax (I-T) officers in Maharashtra’s Nagpur for allegedly joining the department without appearing for the mandatory examination conducted by the Staff Selection Commission. The anti-corruption branch of the CBI arrested the nine accused officers on Monday. An offence was registered in 2018 ...
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The Centre’s direct tax collections, net of refunds, have increased by over 24% on year in the first eight months of the current fiscal, indicating continued revenue buoyancy and recovery in economic activities. The collections amounted to Rs 8.77 trillion between April and November 30 this fiscal, registering a 24.26% growth ...
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Your Permanent Account Number (PAN) is likely to become the only identification needed for seeking different clearances and approvals from the central and state departments for your business. The Centre has announced that it is planning to allow businesses to use the PAN instead of other data as a unique identifier ...
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