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E-Filing of Income Tax Returns registers an Increase of 19%, says Finance Ministry

Taxscan Team

There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns (ITR) e-filed during Financial Year(F.Y.)...

Attachment of Property during PMLA investigation valid for 365 Days: Finance Ministry [Read...

Finance Ministry notifies Creation of National Bench of GSTAT [Read Notification]

Finance Ministry enhances Income Tax Exemption for Gratuity

GST Threshold Limit raised in Most of the States

Finance Ministry constitutes GoM on issues relating to Lottery

In pursuance of decision in the 32nd Meeting of GST Council held on 10th January 2019 at New Delhi, a Group of Ministers (GoM) on issues relating to lottery has been constituted. The ‘GoM for...

GST: Non-compliant Businesses can’t generate E-Way Bill

With a view to curbing the tax evasion, the finance ministry has barred the businesses who do not file GST returns from generating e-way bills, Financial Express reported. The Ministry has barred...

GST, Demonetisation and IBC made Economy more Efficient and Transparent: Finance Ministry Report

The Indian Government has made significant strides in the last 4 years in taking India to new heights in terms of the welfare of the citizenry, the overall structure& growth of the economy, and...

GST not leviable on Sale of Flats with Completion Certificates: Govt

The Ministry of Finance has clarified that GST cannot be leviable on the sale of flats with a completition certificate. It is brought to the notice of buyers of constructed property that there is no...

GST Council met 30 times, took 918 decisions since its Constitution, says Finance Ministry

Till date, the Goods and Services Tax ( GST) Council has taken 918 decisions related to GST laws, rules, rates, compensation and taxation threshold etc. More than 96% of the decisions have already...

Composition Dealers need not furnish data in serial number 4A of Table 4 of FORM GSTR-4: Finance Ministry

The Finance Ministry has clarified that, Composition Dealers need not furnish data in serial number 4A of Table 4 of FORM GSTR-4. It has been brought to notice that doubts regarding the manner of...

GST: Govt likely to extend Term of Anti-Profiteering Authority

The anti-profiteering watchdog may get an extension beyond its original two-year mandate as the Government thinks that it needs to function for a longer period in light of the frequent rate changes in...

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