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No Proposal to include Petrol, Diesel under GST, informs Finance Ministry

Taxscan Team

The Union Ministry of Finance on Tuesday informed the Parliament that no recommendation has been made by the Good and Services Tax (GST) Council to...

Income Tax on cards - GCC countries - Oman - High Income Earners - IMF - Taxscan

Income Tax on cards for GCC countries: Oman to impose Tax on High-Income Earners soon, says IMF

Govt. to Consider reduction of GST on Pesticides from 18% to 5%

Finance Ministry - National Payments Corporation of India - Aadhaar Authentication Service - UIDAI - Taxscan

Finance Ministry notifies National Payments Corporation of India to undertake Aadhaar Authentication...

Finance Ministry extends benefits of Tax Refund Scheme to all Export Goods

Finance Ministry extends deadline for making a declaration under Vivad Se Vishwas Scheme [Read Notification]

The Ministry of Finance has extended the deadline for making a declaration under Vivad Se Vishwas Scheme till 31' January, 2021 from 31st December, 2020. The date for passing of orders under Vivad...

6th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall, says Finance Ministry

The Ministry of Finance has released the weekly instalment of Rs. 6,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been...

Finance Ministry extends last date for filing applications under SVLDR Scheme for UT of Jammu & Kashmir and Ladakh

In a major decision to help the trade and industry in the newly formed Union Territory (UT) of Jammu & Kashmir and UT of Ladakh, the Central Government has decided to extend the period for...

Finance Ministry extends LTC Cash Voucher Scheme to Non-Central Government Employees

In view of the COVID-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of employees...

Finance Ministry opens Special Window to States for meeting the GST Compensation Cess shortfall

The Finance Ministry has opened the Special Window to States for meeting the GST Compensation Cess shortfall. Under Option-I States were to be provided a Special Window of Borrowing of ₹1.1 lakh...

TCS shall be applicable only on the amount received on or after 1st October, 2020: Finance Ministry issues Clarifications

The Ministry of Finance has issued clarification on the applicability of Tax Collection at Source on newly introduced provisions relating to Tax Collection at Source (TCS) on certain goods introduced...

Finance Ministry notifies Companies (Amendment) Act, 2020 [Read Notification]

The Finance Ministry has notified the Companies (Amendment) Act, 2020 which seeks to amend the Companies Act, 2013. The notification seeks to amend clause (52) of section 2 which elaborates on...

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