February 18, 2020
What is Document Identification Number (DIN?) The CBIC body has mandated the generation of a Document Identification Number (DIN) for all means of communications sent by the tax officials to […]
February 18, 2020
Source: Business Standard To provide a procedure for taxpayers to settle pending income tax disputes, Vivad se Vishwas scheme was announced in the Union Budget 2020. Under the scheme, taxpayers […]
February 17, 2020
Source: India Today The Goods and Services Tax (GST) Council is likely to meet soon to discuss the compensation paid to states for the loss of revenue after the implementation […]
February 13, 2020
Source: The Economic Times The Central Board of Indirect Taxes and Customs (CBIC) has asked tax officials to collect almost ₹46,000 crores as interest on account of delayed GST payment. […]
February 12, 2020
Source: The Hindu In a written reply to Rajya Sabha, Minister of State for Finance Anurag Singh Thakur said that the Centre has released ₹81,043 crore as GST compensation to […]
February 11, 2020
Source: telegraphindia.com To collect disputed taxes of pre-GST era such as VAT, central sales tax and entry tax, the Bengal government has introduced an amnesty scheme. According to the industry […]
February 10, 2020
Source: Times of India The Finance Minister Nirmala Sitharaman on Sunday said that the Goods and Services Tax (GST) Council is set to revise tax rates of goods and services […]
February 8, 2020
In its 31st meeting held on December 22nd, 2018, GST Council introduced a lot of changes to the existing GST return filing process. A new return filing system was introduced under […]
February 5, 2020
Source: Economic Times In order to encourage customers to ask for bills while making purchases, the government is planning to introduce a lottery system under the Goods and Services Tax […]
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