Union Budget 2021 India: The Budget estimates for the next fiscal have pegged gross tax revenue growth at 16.7% with…
The scheme was launched in the last Budget with the aim to liquidate nearly 5 lakh cases pending at different…
Union Budget 2021 India: This includes restriction on annual premium paid for ULIPs and for provident fund to Rs 2.5…
After DGGI refused Instakart’s plea to allow appearance of its officials via video conference, the company filed a writ petition…
Under GST, a taxpayer can discharge any outstanding tax liability through a form called DRC-03. This is used by taxpayers…
In addition to PLI scheme, the finance secretary counted corporate rate cuts, tax incentives to sovereign wealth and pension funds…
A case in point is Rajat Gupta, who was already extremely financially affluent but played a crucial role in aiding…
In a bid to integrate export ecosystem with the wider domestic economy, the government may allow manufacturers who make goods…
Pharmaceutical companies usually invest heavily on a manufacturing line for a new drug or vaccine in their export facility as…
The Central government has also relied on attorney general’s (AG) opinion. The legal opinion held that states can borrow on…
State GST (S-GST) collections in the last fiscal were about Rs 5.17 lakh crore or Rs 1.65 lakh crore less…
Fast-food franchisees get NAA notices for “cornering GST benefits”
Finance ministry sources had earlier claimed that 21 states had agreed to the Option 1 mooted by the Centre, which…
Overall direct tax collections (post-refunds but before devolution to states) came in at Rs 10.37 lakh crore in FY20, lower…
While six more states are likely to convey their borrowing preference sometime this week, many states, including Punjab, Kerala, Tamil…
Both the estimated amounts of shortfall are adjusted for the estimated cess collection of about Rs 68,000 crore in the…
The proceeds of this tax could then be claimed by the central government as central GST component as opposed to…
Sources say that GST revenue crunch was faced by both Centre and states due to Covid -19 pandemic, and GST…
