The Goods and Services Tax (GST) Council is deliberating on issuing a circular to resolve the recent controversy surrounding notices sent to Indian subsidiaries of foreign companies regarding the taxation of salaries paid to expatriates.
Recently, a viral message has been circulating on social media platforms claiming that alterations have been made to the provisions of Section 43B(h) concerning payments to Micro, Small, and Medium Enterprises (MSMEs) by the Finance Ministry
During FTCCI event, industry leaders urged the Chief Minister and State Finance Minister to consider raising the GST registration threshold from Rs 20 lakh to Rs 40 lakh annually
The Supreme Court has taken a significant step by issuing a notice to the union government regarding the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST).
In a significant move to enhance cross-border digital transactions, the Ministry of External Affairs announced the extension of Unified Payment Interface (UPI) services to Sri Lanka and Mauritius.
GSTN has introduced a significant update, enabling taxpayers to opt for the Composition Scheme for the Financial Year 2024-25.
New President and Vice-President elected for ICAI term 2024-25: CA Ranjeet Kumar Agarwal and CA Charanjot Singh Nanda.
Direct Tax collections at 80.23% of total Revised Estimates of Direct Taxes for F.Y. 2023-24 upto 10.02.2024Gross Direct Tax collections at Rs. 18.38 lakh crore with Y-o-Y growth of 17.30%, as on 10th February, 2024Direct Tax collection, Net of refun
A recent tweet by PIB Fact Check has brought to light a deceptive notice circulating on social media platforms, purportedly issued in the name of @IncomeTaxIndia.
Caution against fraudsters sending fake and fraudulent Summons for GST violations
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