indirect tax

Gross GST collection in November rose 11 per cent year-on-year to Rs 1.46 lakh crore, according to official data released on Thursday. This is the ninth consecutive month when collections from GST has remained above Rs 1.40 lakh crore.…

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Goods and Services Tax (GST): In a major decision, the Supreme Court has directed the GSTN portal to be kept open between September 1 and October 31 for the registered assessees to upload TRAN-1 and TRAN-2 forms. This benefit has been…

The GST collections in April hit an all-time high of Rs 1,67,540 crore on the back of better compliance and faster economic recovery. It is Rs 25,000 crore more than the previous highest collection of Rs 1,42,095 crore recorded in March,…

The goods and services tax (GST) collections in March 2022 hit an all-time high of Rs 1,42,095 crore, driven by economic recovery and anti-evasion drives such as action against fake billers, according to an official statement released on…

UNION BUDGET 2022: The indirect tax provision introduced in the Union Budget have been with an endeavour to promote domestic manufacturing, sustainability, and incentives to states becoming active stakeholders in the national economy. There…

Image Source : PTI New Delhi: Union Finance Minister Nirmala Sitharaman speaks in Rajya Sabha during the ongoing Budget Session of Parliament, in New Delhi,…

India’s net direct tax collections for the financial year 2021-22 surged 60.8% at ₹9,45,276.6 crore as on December 16, 2021 compared to ₹5,87,702.9 crore in the corresponding period of 2020-21, an official statement said.While the previous…

NEW DELHI : The Central Board of Direct Taxes (CBDT) has brought out a new set of rules for faceless information collection from taxpayers in cases of mismatch. The e-Verification Scheme,…

Industry body PHDCCI on Wednesday suggested the rationalisation of direct and indirect tax rates to boost consumption in the economy and enhance the tax base. In its pre-Budget recommendations, PHDCCI President Pradeep Multani said…