OVERVIEWNirmala Sitharaman, finance minister introduced the Financial Bill, 2021 in which it has been proposed that certain amendments will be made in the CGST Act and IGST Act, 2017.GST audit has been abolished which was under sub-section (5) of Sec ..
The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affa ..
A division bench of the Income Tax Appellate Tribunal (ITAT), led by the Tribunal’s President Justice P.P. Bhatt, has, through web based video conferencing platform, heard and disposed of an urgent stay petition today. This is a first in the 79 ..
ITAT President Justice P.P. Bhatt encourages stakeholders to avail the Scheme so as reduce pending tax litigationGovernment open to suggestions for better implementation of the scheme and propose amendments to the Bill, says Mr. P.C. Mody, Chairman, ..
The Income Tax Appellate Tribunal (ITAT) has commenced today a series of Video Conferences involving regular interactive sessions to productively utilise the time available during the 21-day lockdown to tackle the COVID-19 pandemic. ITAT President, M ..
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the ..
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Integrated Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by t ..
The Income-tax Department (ITD) has initiated actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 (the Act) w.e.f. 1st November 2016. The Prohibition of Benami Property Transactions Rules, 2016 have been framed in this regard. ..
The Minister of State (IC) for Labour & Employment Shri Bandaru Dattatreya met the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley and discussed the issues relating to demonetization and gave suggestions keeping in view the w ..
Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired-out of disclosed sources or exempted income shall become taxable under the proposed Taxation Laws (Second Amendment) Bill, 2016, i ..