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Sitharaman urges tax officials to prevent doubts from escalating into grievances
Union Finance Minister Nirmala Sitharaman on Friday urged officers of the Central Board of Indirect…
ANI
Businesses with turnover of over Rs 5 crore to generate e-invoice from August 1
New Delhi, May 11 (PTI) Businesses with turnover of over Rs 5 crore will have to generate electroni…
PTI
Govt extends deadline for filing September GST return till Oct 21
The government has extended the deadline for filing GST returns for the month of September by a day…
PTI
US industry urges FM to rationalise, simplify direct and indirect taxes in India
"Reiterate India's commitment to the global tax deal," it said and urged the Union Finance M…
PTI
GST had its hits and misses but made ₹1.3 lakh crore monthly tax, the new normal
Under GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essenti…
PTI
India’s exports have a long way to go and the curbs are not helping
During 2021-22, India exported goods and services worth $669.7 billion (22.8% of GDP) as against $5…
Shape doesn't matter. Your Papad won't be taxed.
"Did you know that a round papad is exempt from GST and a square papad attracts GST? Can anyone …
PTI
Payment of 1% GST in cash only for 45,000 taxpayers: DoR sources
The government's decision on mandatory payment of at least 1 per cent of GST tax liability in cash …
GST taxpayers to get flexibility to decide on monthly tax payment
Come January 1 and GST taxpayers would be able to pay their tax dues on a self assessment basis wit…
Gems, jewellery exports can now be couriered globally
Gems and jewellery exporters have been permitted to send their goods across the globe to their buye…
What is Excise Duty and How it is calculated
Excise duty is levied on the goods that are manufactured within India as against the custom du…
Here’s all you need to know about Indirect Tax in India
Service tax is applicable to be paid by the entities that provide services like consulting…
What is TDS challan payment
Due dates for depositing TDS The TDS that a payer has collected in a given month must be depo…
Lower rates alone will not stop GST evasion — simpler rules will
However, 20 months after it was introduced in July 2017, it has failed on both counts. Let’s tak…
India’s Finance Minister moots the possibility of a single tax rate on standard items amid continued criticism of the government’s GST regime
Jaitley explained that prior to the reform’s implementation, the value-added-tax regime levi…
India might charge goods and services tax for cryptocurrency dealings
After months of confusion over their legal status, it seems the Indian government is planning to re…
GST will slash prices of smartphones and medical devices, says government
The GST Council has decided on product-wise tax rates for GST, which would be implemented na…
Centre got 40% of its indirect taxes from levies on petrol and diesel
The CAG report highlighted how exemptions are making the government lose money. More than Rs 2 lakh…