indirect tax

You can get tax exemption by registering as an employee in NPS.It is mandatory for all central government employees who joined after January 1, 2004, to apply for the NPS. The National Pension Scheme (NPS) is a highly regarded method…

Assocham has flagged that many appeals are already pending to be filed before the GST Appellate Tribunal, which can be dealt with expeditiously if a mechanism can be devised to put up matters involving similar issues together before the…

The I-T department's draft rules on valuation of funding in unlisted startups for calculating 'angel tax' will bridge the gap between the rules outlined in FEMA and the Income Tax, but the 10 per cent safe harbour which is proposed for…

GST return: There are a few basic things that need to be kept in mind before filing return.GST Return: Businesses should ensure that the correct tax rates are applied to the transactions in GSTR-3B and GSTR-1. Filing GST return is important…

GST revenues grew 13% in March 2023, to record the second highest monthly collections of ₹1.6 lakh crore. | Photo Credit: AFP India’s Goods and Services Tax (GST) revenues grew 13% in March, to record the second highest monthly collections…

GST revenues grew 13% in March 2023, to record the second highest monthly collections of ₹1.6 lakh crore | Photo Credit: AFP India’s Goods and Services Tax (GST) revenues grew 13% in March, to record the second highest monthly collections…

Congress leader P Chidambaram on Wednesday claimed that the Union Budget has "betrayed" the hopes of a vast majority of Indians and shows how far removed the government is from the people and their concerns about life, livelihood and the…

How much is the government expecting to earn, how much does it plan to spend, and how will it finance the gap? In her Budget 2023-24, Finance Minister Nirmala Sitharaman has brought down the fiscal deficit target. The fiscal deficit in…

The Central Board of Indirect Taxes and Customs (CBIC) has said that show-cause notices for tax not paid or short paid or input tax credit wrongly availed or demand for any penalty have to be sent within two years and nine months from the…

The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution under the tax law to Rs 2 crore, but retained the limit at Rs 1 crore for fake invoicing. The Council also clarified…