News & Update

The 39th GST Council meeting held on Saturday 14 March under the chairmanship of Union Finance & Corporate Affairs Minister Mrs. Nirmala Sithraman. Along with the finance minister, Union Minister of […]

Source: livemint As the season for submitting proof of investments in tax-saving products nears, your employer might soon ask to furnish them. Tax benefit on premiums paid for life and […]

Source: Economic Times The Central Board of Indirect Taxes and Customs (CBIC) issued a circular clarifying that registered taxpayers are required to declare GST Identification Number (GSTIN) on their EXIM […]

Source: Business Standard To provide a procedure for taxpayers to settle pending income tax disputes, Vivad se Vishwas scheme was announced in the Union Budget 2020. Under the scheme, taxpayers […]

Source: India Today The Goods and Services Tax (GST) Council is likely to meet soon to discuss the compensation paid to states for the loss of revenue after the implementation […]

Source: The Economic Times The Central Board of Indirect Taxes and Customs (CBIC) has asked tax officials to collect almost ₹46,000 crores as interest on account of delayed GST payment. […]

Source: The Hindu In a written reply to Rajya Sabha, Minister of State for Finance Anurag Singh Thakur said that the Centre has released ₹81,043 crore as GST compensation to […]

Source: telegraphindia.com To collect disputed taxes of pre-GST era such as VAT, central sales tax and entry tax, the Bengal government has introduced an amnesty scheme. According to the industry […]

Source: Times of India The Finance Minister Nirmala Sitharaman on Sunday said that the Goods and Services Tax (GST) Council is set to revise tax rates of goods and services […]

Source: Economic Times In order to encourage customers to ask for bills while making purchases, the government is planning to introduce a lottery system under the Goods and Services Tax […]

Source: Economic Times The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for filing the annual GST return forms – GSTR-9 and GSTR-9C for the financial […]

Source: Business Standard Goods and Services Tax (GST) revenue mop-up in January has crossed the ₹1 trillion-mark for the third month in a row thanks to the anti-evasion measures taken […]

Source: The Hindu The finance minister Nirmala Sitharaman is going to present the Union Budget 2020 at a time when the economy is struggling with the worst period of slowdown. […]

Source: The Hindu BusinessLine As the submission date for filing FY annual return is around the corner – January 31, still 3 out of 4 assesses still need to submit […]

Source: Times of India The Central Board of Indirect Taxes and Customs (CBIC) has blocked tax credits of about ₹40,000 Crore due to the mismatch of returns, uncovering more than […]

Source: Economic Times Following the decision by the GST Council in its 37th GST Council Meeting, taxpayers registered under Goods and Services Tax (GST) having an annual turnover of above ₹500 […]

Source: The New Indian Express Due to the ongoing economic slowdown, lower than expected mop-up in GST and direct taxes, a cut in corporate tax, the government is likely to […]

Source: pib.gov.in After constant complaining from taxpayers of technical glitches in filing the monthly summary GST returns (GSTR-3B), the Finance Ministry on Wednesday said that it would allow the filing […]

Source: Economic Times On Tuesday, the Central Board of Indirect Taxes and Customs (CBIC) said that a total of 65.65 lakh GSTR-3B returns have been filed for the month of […]

Source: Livemint In the next three months, the National Anti-profiteering Authority (NAA) is expected to issue a wave of orders, in line with the Centre’s drive to boost Goods and […]