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The Central Board of Direct Taxes under the Income Tax department has notified fresh guidelines in connection with the applicability of a new TDS provision related to receiving benefits in a business or profession.... More
Recently CBIC has issued detailed guidelines for sanctioning, post-audit and review of refund claims. The key features and a short summary of the guidelines have been discussed below. (Instruction No.... More
Since the exchange listing, The shares of the LIC are tumbling, causing heavy depreciation in their portfolios, leading to a bad experience for those invested who put their money in... More
The Income Tax Department on Tuesday said software services provider Infosys has been directed to look into the issue relating to the malfunction of the search option on the e-filing... More
The gross GST revenue collected in the month of May 2022 is ₹1,40,885 crore of which CGST is ₹25,036 crore, SGST is ₹32,001 crore, IGST is ₹73,345 crore (including ₹ 37469 crore collected on import of goods) and cess is ₹10,502 crore (including ₹931... More
Cabinet approves Expanding the mandate of Government e-Marketplace - Special Purpose Vehicle (GeM - SPV) to allow procurement by Cooperatives as Buyers. The move will help cooperatives in getting competitive... More
The Central Government has approved the New Guidelines of Central Sector Scheme “Promotion of MSMEs in North Eastern Region and Sikkim”. The scheme will be implemented during the 15th Finance... More
The online food delivery aggregators Zomato and Swiggy have approached the government seeking clarification on the Good and Services Tax (GST) Council decided to charge GST on food delivery services.... More
The Reserve Bank of India (RBI) was notified on 1 September 2021 regarding the general allocation of Special Drawing Rights (SDR) by the International Monetary Fund (IMF). It says that... More
The GST Council will assemble for the 45th meeting on Friday, 17th September 2021 at Lucknow, Uttar Pradesh. The Finance Ministry took to social media to make this announcement on... More
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