New Delhi (IANS) As several states continue to oppose the borrowing options proposed in lieu of the GST compensation, the Centre has told states that central revenues have been under greater strain compared to GST revenue. In a letter to the … read more
New Delhi (IANS) Pune-based Mudrakwik Fintech on Friday launched CreditKart Fin-Com, an e-commerce platform and the company plans to penetrate into smaller cities. In a statement, the company said that the online shopping platform will enable shoppers to ‘buy now, pay … read more
New Delhi (IANS) Union Finance Minister Nirmala Sitharaman on Thursday hit back at the opposition for “unnecessarily trying to politicise” the GST compensation issue when their previous government was to be blamed for “building an environment of mistrust” between the Centre … read more
Mumbai (IANS) Shares of two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Company soared on Wednesday after Finance Minister Nirmala Sitharaman’s comment that the GST Council will consider the proposal to cut the Goods and Services Tax on two-wheelers. Addressing … read more
New Delhi (IANS) While there is a provision of personal hearing under the Faceless Assessment Scheme, the Income Tax Department has not yet informed the circumstances in which personal hearing shall be allowed to the assessee. A note by Dewan PN … read more
New Delhi (IANS) The Goods and Services Tax (GST), often hailed as the “biggest tax reform” in India, has evolved over the years, and the weighted rate of GST has declined in the past few years to 11.6 per cent from … read more
New Delhi (IANS) The Supreme Court on Thursday said that it is extremely worried that almost the entire AGR dues will be wiped out in the IBC process, and noted that spectrum trading is different from sale of spectrum in IBC. … read more
New Delhi (IANS) India’s general government debt-to-GDP ratio is set to surge, with a World Bank report projecting the ratio at rising to its peak of 89 per cent in the financial year 2022-23, before gradually declining. The report titled ‘India … read more
New Delhi (IANS) Full-service carrier Vistara will operate ‘special, non-stop’ flights between Delhi and London’s Heathrow from August 28 to September 30. The airline said that the flights have been introduced as part of the bilateral ‘transport bubble’ formed between India … read more
New Delhi (IANS) As The Faceless Assessment Scheme, 2019 kicks off, the Central Board of Direct Taxes (CBDT) has stipulated that all communications from the department to the taxpayer, assessee, third-party will be in the name of the National e-Assessment Center … read more