The Finance Ministry of the Government of India has declared in a series of statements that Businesses with an annual turnover of up to Rs 40 lakh will...
The government has notified an e-invoicing system under the Goods and Services Tax regime which makes it compulsory for the large-scale businesses with a turnover of more than...
On June 12, 2020, the Finance Minister Nirmala Sitaraman chaired the 40th GST Council Meet. Highlights The minister at the meet announced that no late fee will be...
The Government of India has allowed taxpayers to fill their NIL GST monthly reurn form through SMS. This will improve ease of GST compliance to more than 22...
On May 4, 2020, the third phase of lock down began in India. Under the third phase, the liquor shops were opened in selected regions with certain restrictions....
The government is working on a 1 trillion INR package for aiding the MSME sector. In addition to this, the GST refunds and the change in definition of...
On March 19, 2020, Govenrment of India has notified rules to avail full benefit of direct tax dispute resolution under the Vivad Se Vishwas Scheme. Highlights Currently, there...
The GST Council recently concluded its 39th meeting and took major decisions about GST rates to be applied for various commodities from mobile phones and parts to matchsticks....
On March 14, 2020, the GST Council met for the 39th time in New Delhi. The Council was headed by the Finance Minister Nirmala Sitaraman. Highlights The Council...
On February 24, 2020, the Government of India launched SPICe+, a web form that integrates 10 services of various ministries and departments. This will help boost Ease of...
