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Finance Minister Arun...

53rd GST Council Meeting: Here’s What to Watch For

Manu Sharma

The Goods and Services Tax ( GST ) Council is meeting again on June 22nd, 2024, after a long gap of eight and a half months. This meeting is expected...

Former Finance Minister Arun Jaitley passes away

Govt Notifies Hike in GST Threshold Limit [Read Notification]

Arun Jaitley - FICCI Delegates - Taxscan

Process of Reforms in case of Direct and Indirect Taxes will continue: Finance Minister Arun Jaitley

India levies 200% Customs Duty on Goods from Pakistan [Read Notification]

Breaking: Key Takeaways from 32nd GST Council Meeting, GST exemption Limit Hiked

The 32nd GST Council meeting concluded in New Delhi with a catena of changes in the present Goods and Services Tax regime. In a significant move, the Council has rationalized the Composition Scheme...

Committee on Review of Penal provisions of Company Act 2013 submits final report to Finance Minister Arun Jaitley

The Committee constituted by Government of India in July 2018 to review the existing framework dealing with offences under the Companies Act, 2013 and related matters and make recommendations to...

Centre, States to hold 100 per cent Share in GSTN

The 27th GST Council meeting decided to buy back fifty one per cent stakes in GSTN. As per the council decision, Centre-States will hold equal stake in the Company. The States will hold the 51...

Govt Likely to Increase Stake in GSTN

The Finance Minister Arun Jaitley has approved the controlling stake of the Central Government and state government in the Goods and Service Tax Network ( GSTN ). The Government likely to increase...

Anti-Profiteering: Investigation launched in 9 cases, says FM Arun Jaitley

The Union Finance Minister Arun Jaitley informed the Parliament on Friday that notices have been issued for ‘initiation of investigation’ in nine cases under anti-profiteering provisions of the newly...

E-Assessment of Tax Payer to be dealt by Two Officers, says CBDT Chief

In order to wipe out the cliché procedure in the department, the Central Board of Direct Taxes (CBDT) has proposed to implement E-assessment soon. While clarifying the concept, the CBDT Chief Sushil...

No Deductions for Industrial Undertakings If Income Tax Return not filed within Due Dates

The Finance Bill introduced by the Union Finance Minister Arun Jaitley last day proposed that the industrial undertakings cannot avail the benefit of section 80 deductions under the Income Tax Act if...