News & Update
March 16, 2020
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 […]
February 20, 2020
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 […]
February 19, 2020
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 […]
February 18, 2020
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 […]
February 17, 2020
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 […]
February 13, 2020
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. […]
February 12, 2020
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 […]
February 11, 2020
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 […]
February 10, 2020
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 […]
February 5, 2020
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 […]
February 4, 2020
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 […]
February 3, 2020
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 […]
January 31, 2020
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. […]
January 29, 2020
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 […]
January 28, 2020
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 […]
January 27, 2020
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 […]
January 24, 2020
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 […]
January 23, 2020
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 […]
January 22, 2020
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 […]
January 15, 2020
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 […]
