From income tax to GST, 7 changes from April 1
With the start of the new financial year 2019-20 from today, a slew of changes that can affect your financial planning also comes into...
Alarm bells in tax department as direct tax collection falls short by 15%
The CBDT has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target...
India-US joint crackdown on tax evasion by MNCs
India and the US Wednesday signed an Inter-Governmental Agreement for exchange of Country-by-Country (CbC) reports of multinational...
GSP: India to ask US to delay removal of duty benefits.
India will likely ask the US to delay by two months the implementation of the latter’s recent decision to withdraw duty benefits on...
Raghuram Rajan raises doubts about India growing at 7%, says cloud over GDP data needs to be cleared
NEW DELHI: Former RBI Governor Raghuram Rajan Tuesday expressed doubts over Indian economy growing at 7 per cent when not enough jobs...
Offsetting GST credits: New mechanism can lead to accumulation of CGST credits.
GST is all set to mark 2nd anniversary in four months from now. Described as a ‘good and simple tax’, GST marks a fundamental shift from...
Liquidity status, fiscal deficit under control: Government
As the 2019 fiscal draws to an end, the government on Monday reiterated that the fiscal deficit and liquidity positions are well under...
Now, online facility to get export licence for restricted item; will promote ease of doing business
The commerce ministry has introduced an online system for exporters to obtain export licence for restricted category goods, a move aimed...
GST rate on homes: Now builders can pick up old or new rates on unfinished projects
The GST Council on Tuesday allowed builders to choose between the old and new GST regimes for projects that will remain unfinished as on...
No input tax credit for post-supply discounts: AAR
The authority for advance ruling (AAR) in Tamil Nadu has ruled that a firm would have to reverse the input tax credit (ITC) proportionate...
