Govt data: Only 1% of taxpayers earn over Rs 50 lakh
The government has released several figures related to income tax and taxpayers for the last five years. The data …
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The new tax regime: Faceless, fearless
Prime Minister Narendra Modi on Thursday appealed to individuals and businesses who are not paying their taxes to …
GST superintendent duped of Rs 1.91 lakh in KYC fraud in Mumbai
A superintendent with the central government’s Goods and Services Tax (GST) department in Mumbai was duped of Rs. …
Read More GST superintendent duped of Rs 1.91 lakh in KYC fraud in Mumbai
For export boots, CII urges extension of interest subsidy scheme, faster GST refunds
Our Bureau To give the country’s sagging exports a much needed push, industry body Confederation of Indian Industry (CII) …
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CBDT notifies new rules for foreign investors of AIFs operating in IFSC
Foreign investors in alternative investment funds (AIF) operating in an international financial services centre (IFSC) will not require …
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GST Council likely to consider hiking cess on sin goods, amongst other options to garner funds for states’ compensation
The upcoming GST Council, which shall meet on only single point agenda, anytime in August, to iron out …
Income Tax officials raid premises of Chinese entities, target hawala deals with Indian affiliates
The Income Tax (I-T) Department on August 11, 2020 said it conducted search operations at various Chinese entities. The …
Mutual Agreement Procedure (MAP) Guidance by CBDT
Mutual Agreement Procedure (MAP) Guidance- CBDT issue MAP guidance for the benefit of taxpayers, tax practitioners, tax authorities, …
Banks may not have to pay service tax for facilitating international trade
Indian banks will not have to pay goods and services tax (GST) on reverse charge mechanism for facilitating …
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Indian Subsidiary Company providing Services to Foreign Parent Company is Export of Services
INTRODUCTION: The Gujarat High Court has given laudable Judgment in the case of Linde Engineering India Pvt. Ltd. & …