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CBIC chairman: GST council need to bring petroleum products under the ambit of GST

   12 June 2022 at 09:13

CBIC chairman Vivek Johri on Saturday added that there's a need for the GST council to deliberate bringing petroleum products under the ambit of GST.

Posted in GST |   3414 Views


CBDT Chairman: Taxpayers base and ITRs rose for FY 2022

   12 June 2022 at 09:13

The number of income tax returns has increased in FY22 over the previous fiscal, Central Board of Direct Taxes Chairman Sangeeta Singh said on Saturday.Talking to PTI, Ms Singh said the number of income tax returns last fiscal was 7.14 crore against

Posted in Income Tax |   3843 Views


MCA notified Companies (Appointment and Qualification of Directors) Second Amendment, Rules,2022

   11 June 2022 at 08:47

Central Government hereby makes rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014.

Posted in Corporate Law |   4830 Views


RBI Governor calls for alternative data source for policy making

   11 June 2022 at 08:47

Inaugural Address By Governor, Shri Shaktikanta Das at the Annual Statistics Conference of the Department of Statistics and Information Management (DSIM), Reserve Bank of India in Guwahati on June 10, 2022

Posted in Others |   2745 Views


FM Nirmala Sitharaman to inaugurate National Museum of Customs and GST in Goa

   11 June 2022 at 08:47

Smt. Nirmala Sitharaman would be dedicating to the nation 'Dharohar' – the National Museum of Customs and GST in Panaji, Goa on Saturday, as part of the Azadi Ka Amrit Mahotsav Iconic Week celebration of the Ministry of Finance.

Posted in GST |   1398 Views


GST to help revenue boost beyond budget estimates: Revenue Secretary Bajaj

   10 June 2022 at 14:21

Even as the government takes a hit on revenue due to the recent excise and custom duty cuts on fuel and certain commodities, going by the preliminary indicators, revenue receipts in FY’2022-23 may exceed the budget estimates on strong Goods and

Posted in GST |   1638 Views


GST on EV batteries could be reduced

   10 June 2022 at 10:41

To give a boost to green mobility plans, Indian government may cut the GST on lithium-ion batteries and bring them on par with taxes on electric vehicles (EVs).Discussions have already begun on how to proceed with the plan, which is a crucial step in

Posted in GST |   3351 Views


Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961

   10 June 2022 at 08:48

Section 206AB and 206CCA of the Income-tax Act,1961 (effective from 1st July 2021 and amended via Finance Act, 2022), imposed higher TDS/TCS rate on the "Specified Persons"

Posted in Income Tax |   5226 Views


MCA notifies Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022

   10 June 2022 at 08:48

MCA on June 9, 2022, has issued The Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022 to further amend The Companies Rules, 2016.

Posted in Corporate Law |   2202 Views


ICAI issued Technical Guide on Financial Statements of Non-Corporate Entities

   10 June 2022 at 08:48

For the purpose of applicability of Accounting Standards to non-company entities, scheme for classification of non-company entities into four levels, viz., Level I, Level II, Level III and Level IV was prescribed by the ICAI.

Posted in Accounts |   8847 Views



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