The Ministry of Finance (MoF) has notified the appointment of Injethi Srinivas, IAS as the 1st Chairman of International Financial Services Centres Authority (IFSCA). IFSCA is a unified body to regulate all financial services in...
The Ministry of Finance(MoF) has notified the National Pension Scheme Tier II- Tax Saver Scheme, 2020. This tax benefit is exclusively for government employees. According to its provisions, a Central Government employee can make a...
The Ministry of Finance on Monday notified that Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced from June 29, 2020, on primary co-operative banks. Section 4 of Banking Regulation (Amendment) Ordinance, 2020...
The Central Board of Direct Taxes (CBDT) on Monday notified corrigendum for notification on the extension of due dates under Income Tax Laws and Benami Laws, which was notified by the Notification No. 35/2020, dated ...
The Central Board of Indirect Taxes and Customs (CBIC) on Friday issued the Corrigendum for the amended GST rates under GST Scheme and Waiver of late fee for delay in filing GSTR-1– March to June...
The Gujarat Authority of Advance ruling (AAR) ruled that the benefit of the reduced rate as provided under Entry Number 3(v)(da) of the Notification No.11/2017-Central Tax (Rate) as amended by Notification No.01/2018-Central Tax (Rate) dated...
The Ministry of Finance notified the appointment of Devendra Kumar Singh, Additional Secretary & Development Commissioner, Ministry of Micro, Small and Medium Enterprises, as Central Government nominee Director on the Board of Directors of Small...
The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday extended data of transition under Goods and Service Tax (GST) of Daman & Diu & Dadra & Nagar Haveli till July 31, 2020. The...
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs)...
The Ministry of Finance issued a notification on Monday, to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 and the amendment came to be known as the Foreign Exchange Management (Non-debt Instruments) (Second Amendment)...
The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as...
In the wake of Coronavirus Lockdown, the Ministry of Finance, on Friday issued a notification seeking to implement the online hearing of the Debt Recovery Tribunal (DRT) through video conferencing. With the outbreak of COVID-19,...
The Central Board of Direct Taxes (CBDT) has said today that there is some report circulating on social media regarding suggestions by a few IRS officers on tackling COVID-19 situation. It is unequivocally stated that...
The Ministry of Finance on Wednesday, issued a notification in the Official Gazette of India stating the list of reporting entities to undertake Aadhaar Authentication Service under Section 11A of the Prevention of Money-laundering Act,...
The Department of Revenue under the Ministry of Finance notified the Prevention of Money-Laundering (PML) (Maintenance of Records) 2nd Amendment Rules, 2020. The Ministry of Finance issued a notification on Monday, in the name of...
In the wake of the outbreak of pandemic COVID-19, the Central Board Indirect Taxes and Customs (CBIC) on Thursday notified the “Special Refund and Drawback Disposal Drive” to provide immediate relief to MSME exporters. Central...
The Ministry of Finance said that, IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately. Around 14 lakh taxpayers to benefit. All GST & CUSTOM refunds also to be...
At a time when the entire world, including India, is traversing in the uncharted territory of the pandemic of Coronavirus COVID-19 and is virtually in a complete lockdown of 21 days effective 24th March 2020...
The Government has provided relief for third party Motor Insurance & Health policyholders in the light of COVID-19 lockdown. The Ministry of Finance has issued notifications on April 1, 2020, stating that the renewal dates...
The Central Board of Indirect Tax & Customs (CBIC) has issued a clarification on the Goods and Service Tax GST refund related issues. The Central Board of Indirect Tax & Customs (CBIC) under the Ministry...
The Supreme Court has stayed the orders of the High Court of Allahabad and Kerala restraining the government from the recovery of Tax on the account of the outbreak of COVID-19. The Special Leave Petition...
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