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Gauhati HC direct Central Government to decide on Representations seeking 30 days Time Extension For Filing GSTR 9 & 9C [Read Order]

The Gauhati High Court on Tuesday has directed the Central Government to decide on the extension of the time period for filing GSTR 9 (Annual returns)...

Condonation of Delay under Companies Act now applicable to LLPs: MCA [Read Notification]

Budget 2020 proposes to Exempt Levy of Stamp Duty on Transactions in Stock Exchanges established in...

Budget 2020: Govt. removes Dividend Distribution Tax

Budget 2020: Key Takeaways of Indirect Tax Proposals

1,10,828 crore GST Gross Revenue collected for January

The gross GST revenue collected in the month of January 2020 is ₹ 1,10,828 crore of which CGST is ₹ 20,944 crore, SGST is ₹ 28,224 crore, IGST is ₹ 53,013 crore (including ₹ 23,481 crores collected on...

Allahabad HC expresses displeasure over long delay of setting up of GSTAT [Read Order]

The Allahabad High Court has expressed displeasure for the long delay of not setting up of Goods and Services Tax Appellate Tribunal (GSTAT). A pharmaceutical company filed a petition and sought to...

Central Government Notifies National Startup Advisory Council

The Central Government has notified the structure of the National Startup Advisory Council to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups...

CBDT issues Norms for Computation of Income under the Head ’Salaries’

The Central Board of Direct Taxation (CBDT) issued norms regarding computation of income which is chargeable under the head’ Salaries’. The Income shall be chargeable to income-tax under the head...

TDS Benefit is to be given for Assessment Year for which Corresponding Income is Assessable: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune ruled that that the benefit of the TDS should be given for assessment year for which corresponding income is assessable. Ruling was rendered by Vice...

GST Council took 947 decisions till November, says Shiv Pratap Shukla

Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha last day said that the GST Council has met 31 times so far. Till the 30th GST Council Meeting, a...

Cabinet approves Additional 2% DA to Central Govt Employees and Dearness Relief to Pensioners

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR)...

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