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ICAI releases Exposure Draft on Code of Ethics, applicable from 1st April [Read Draft]

The Institute of Chartered Accountants of India ( ICAI ) has released the Exposure Draft on the Code of Ethics, 2018 applicable with effect from 1st...

ICMAI releases Guidance Note on GST Annual Return

MCA extends Due Date for Filing Balance Sheet Annual Return in Kerala [Read Circular]

Cost Accountants Institute provides Advanced Certificate Course on GST

GSTN New Functionality: Taxpayers can now apply for Payment of Dues in Installments

GSTN Update: New Functionality to File Refund Application for Multiple Tax Period in Four Types of Cases

The Goods and Services Tax Network ( GSTN ) has updated a new functionality allowing the taxpayers to file Refund Application for multiple tax period in four types of cases and upload of prescribed...

CBI Arrests Income Tax Inspector and A Private Person in a Bribery Case of Rs. 10 Lakh

The Central Bureau of Investigation (CBI) has arrested an Income Tax Inspector, working in the office of Joint Commissioner, Income Tax, Range-III, Lucknow and a private person in a bribery case of...

Direct Tax Collections grows 16.7% to Rs 5.47 lakh crore in April-Sept

The provisional figures of Direct Tax collections up to September, 2018 (Half-yearly figures) show that gross collections are at Rs. 5.47 lakh crore which is 16.7% higher than the gross collections...

GST: Maharashtra introduces 31 Reforms to help Businesses

The Maharashtra State Government, on Wednesday has introduced 31 reforms in the Goods and Services Tax ( GST ) structure to promote ease of doing business, a state finance ministry official said. The...

Centre Cuts Fuel Prices by Rs. 2.50 per Litre: Asks States to reduce Excise Duty [Read Notification]

The Finance Minister, Arun Jaitley, while addressing a Press Conference in New Delhi today announced reduction in Central Excise Duty Rs.1.50/ litre in case of both petrol & diesel while OMCs to...

Receipt for Relinquishment of ‘Right to Sue’ not Taxable: ITAT [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the consideration received for the relinquishment of ‘Right to Sue’ does not attract income tax either under section 45...

Gujarat HC Upholds Provision prescribing Time limit for filing GST TRAN-1 [Read Judgment]

A two-judge bench of the Gujarat High Court has recently upheld the provisions of the GST Laws wherein a time limit was prescribed for claiming transitional credit under the old tax regime in form GST...

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