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Budget 2020 proposes MSMEs Turnover Threshold for Audit Increased to Rs 5 Crore from 1Cr

Taxscan Team

In order to reduce the compliance burden on small retailers, traders, shop keepers who comprise the Medium, Small and Micro Enterprise (MSMEs) sector,...

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Senior Financial Analyst Vacancy in Mastercard

After Malaysia, Italy to impose Digital Service Tax soon

Govt. notifies E-Assessment Scheme 2019 [Read Notification]

Union Budget proposes 25 % Corporate Tax extended to Companies with Annual Turnover up to Rs. 400...

New FM Nirmala Sitharaman to present Budget on July 5

Smt. Nirmala Sitharaman assumed charge as the Union Minister of Finance & Corporate Affairs today is likely to present the budget for the year 2019-20 on July 5. She was greeted at the office in...

Proud Moment for Chartered Accountants: A CA is presenting Budget this Year

It is a Proud moment for Chartered Accountant fraternity that, a Chartered Accountant and Union Finance Minister Piyush Goyal will present the Budget in Parliament today. As the Loksabha elections...

Kerala Budget 2019-20 Highlights: Additional Tax on Alcohol

After the flood destroyed the economy, the Kerala Finance Minister presented the State budget for the year 2019-20 today. The key highlights of the budget proposals are the following; Additional...

Assam presents E Budget: Key Highlights

Assam Finance Minister Himanta Biswa Sarma presented the first E-Budget in the State on Monday with no new tax proposals for the next financial year. Earlier, Andhra Pradesh had presented the first...

GST Cess on Pan Masala likely to be levied at Manufacturing Level

In order to curb tax evasion, the Government is likely to impose the GST cess on pan masala at the manufacturing stage itself based on production capacity. The most powerful Goods and Services Tax...

Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.2% up to December, 2017

The provisional figures of Direct Tax collections up to December 2017 show that net collections are at Rs. 6.56 lakh crore which is 18.2% higher than the net collections for the corresponding period...

Central Govt abolishes various Cesses in the last three years for smooth roll-out of GST

The Central Government in the last three General Budgets viz 2015-16, 2016-17 and 2017-18 has gradually abolished various cesses on goods and services in order to prepare the ground for smooth roll-...

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