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2 mins read

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   


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2 mins read

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   


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2 mins read

Country committed to improve trade facilitation, says Nirmala Sitharaman

Beyond construction of a new building, these days emphasis is also given on how energy-efficient…

PTI   


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2 mins read

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   


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1 min read

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   


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5 mins read

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   


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4 mins read

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…

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1 min read

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   


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1 min read

Kotak Mahindra Bank gets approval from the government to collect direct, indirect taxes

After technical integration, KMBL customers will be able to pay their direct and indirect taxe…

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3 mins read

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 …

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2 mins read

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…

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1 min read

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…

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2 mins read

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…

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2 mins read

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…

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2 mins read

What is TDS challan payment

Due dates for depositing TDS The TDS that a payer has collected in a given month must be depo…

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4 mins read

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…

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2 mins read

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…

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1 min read

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…

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1 min read

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…