Amendments to give more powers to RBI to regulate NBFCs form part of Finance Bill, 2019, which has been introduced in the ongoing Budget Session 2019 of Parliament. The proposed amendments would empower RBI to

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi gives ex-post facto approval for the Government amendments to the Finance Bill, 2021 (enacted on 28th March, 2021 as the Finance Act, 2021).  The amendments were

The Finance Bill 2023 proposed an amendment to section 17 of the Central Goods and Services Tax (CGST) Act, which would disallow input tax credit ( ITC ) for goods or services used in Corporate

The Finance Minister, Nirmala Sitharaman, has introduced ‘Notice of Amendments’ to the Finance Bill, 2021 in the Lok Sabha on 22rd March 2021. The finance bill 2021 has been passed by the Lok Sabha with

With the Finance Bill, 2020, the Government of the UK has decided to launch Digital Service Tax (DST) with effect from 1 April 2020. 2% Value-Added Tax (VAT) will be levied on the service providers.

The Lok Sabha today passed the Finance Bill, 2017 with 29 amendments & new Clauses. The Bill was passed by voice vote. Replying on Finance Bill in Lok Sabha the Finance Minister Arun Jaitley clarified

The Directorate General of Foreign Trade (DGFT) via Notification No: 04 /2023 issued on 1st May 2023 notified the realignment of Remission of Duties and Taxes on Exported Products (RoDTEP) schedule (Appendix 4R) with the

With a view to reduce the litigation and the cost, the Finance Minister has proposed a mechanism as per which, when in an appeal by revenue an identical question of law is pending before jurisdictional

On February 1st, 2024, at 11 am in Parliament, Nirmala Sitharaman, the Union Finance Minister, presented the Interim Budget for 2024-25. This is the consecutive 6th budget presentation in a row. The central minister tabled

The Rajya Sabha, today passed the Finance Bill with five amendments.The Lok Sabha, last week had given assent to the Bill with some major amendments. While replying to the debate on amendment, Finance Minister Arun Jaitley strongly

The Central Government, today released a set of Frequently Asked Questions (FAQs) on the taxation of long term capital gains proposed in Finance Bill, 2018 introduced before the Parliament on Thursday. In a bid to

The Lok Sabha today passed the Finance Bill, 2021, which gives effect to the financial proposals of the central government for the financial year 2021-22. Finance Minister Nirmala Sitharaman replied to the debate on the

Finance Minister Arun Jaitley releases the Revised General Financial Rules (GFR) 2017. The Union Finance Minister Arun Jaitley said since this time, the Finance Bill would be passed by the Parliament before the 31st March,

The Central Board of Indirect Taxes and Customs (CBIC) issued the urgent measures to sensitise trade in light of proposed changes to Section 46 of the Customs Act, 1962. The changes in Section 46 would

The amended Finance Bill, 2023 as introduced and passed by lok sabha is available for stakeholders to download now. The Rajya Sabha had given its approval to the Finance Bill, 2023, presented by the Union