Ministry of Finance Year End Review 2024: Department of Revenue
NEW DELHI : In the year 2024, the Central Board of Direct Taxes (CBDT) and Central Board of Indirect taxes and Customs (CBIC), under the Department of Revenue,
Mandatory multi-factor authentication for E-Way Bill and E-Invoice Generation: GST compliance update
NEW DELHI : Taxpayers with an aggregate annual turnover (AATO) exceeding ₹100 crore have been required to use multi-factor authentication (MFA) since August 2023. According to an advisory
Retailers urge FinMin and GST Council not to go for higher 35% tax rate
NEW DELHI : Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to
CMAI warns of 100,000 job losses, MSME closures due to GST hike on apparel
NEW DELHI : The Clothing Manufacturers Association of India (CMAI) has raised concerns regarding the rate-rationalisation proposal put forward by the Group of Ministers (GoM), chaired by Bihar
Union Govt to reduce tax on marine diesel oil to boost coastal & inland shipping
NEW DELHI : The Union Government is looking to reduce the tax on marine diesel oil (MDO) by building consensus to bring it under the Goods and Services
India says it plans to simplify GST rate regime in coming months
NEW DELHI : India is working on simplifying the country’s sales tax regime by introducing three slabs instead of the existing four rates, a top tax official said.
E-Way Bill generation dropped to 9.66 crore in April
NEW DELHI : After recording all-time high number in March, E-Way Bill generation dipped to 9.66 crore in April. This could have some impact on Goods and Services Tax (GST) collection number
FM Sitharaman administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first Presid
NEW DELHI : Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman administered the oath of integrity and secrecy to Justice (Retd.) Sanjaya Kumar Mishra as the
SEZ units exempt from IGST on certain services from DTA players : AAR ruling
NEW DELHI : Units operating within Special Economic Zones (SEZs) could potentially be exempt from paying the integrated goods and services tax (IGST) on specified services taken from
Nitin Gadkari : ‘One hundred per cent’ possible for India to get rid of petrol and diesel ca
NEW DELHI : Shri Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid India entirely of the over 36 crore petrol and diesel