Era Infra sees no immediate closure even after three years, as litigation and procedural delays slow down the insolvency process

While the clarifications were much awaited, some of them may require immediate changes to business processes and the assessees have only one day before the provisions come into effect

In a written reply to Lok Sabha, Anurag Thakur says net direct tax collection was Rs 2,79,711 crore in April-August 2019, compared to Rs 1,92,718 crore in April-August 2020

BT's panel of experts on how to fire up the four engines of the economy - and where to find the money

DMK legislator P Thiagarajan's comments come while the government is scrambling to find money to fund its key expenditure programmes

Flipkart is aiming to create 70,000 jobs across its supply chain ahead of festive season; the e-tailer will enable GSTIN on invoices to help small businesses claim input tax credit

Not only India's relief packages are grossly inadequate it is not even spending enough to revive demand in the crisis-hit economy; what is needed is clear: more fiscal spending, not \"keeping the power dry\" for future stimulus or unrealistic claim of a V-shaped recovery

CBIC, upon investigation on 62 customs brokers, found that they had handled around 15,290 export consignments of 1,431 untraceable exporters

This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate

Gross mismanagement of the economy, starting with demonetisation in November 2016 and continued with untimely, unplanned and sudden nation-wide lockdown has compounded the GST problem. Centre's refusal to pay compensation to states now may derail it completely

The two options of borrowing presented by the Ministry of Finance, which primarily require the states to borrow and then meet repayment liabilities will put an extremely \"onerous burden\" on states, Kejriwal said

The Central Board of Direct Taxes (CBDT) on Tuesday allowed income tax authorities to share taxpayers' information with scheduled commercial banks

The Centre, on Saturday, clarified that the states are entitled to compensation as per the method provided in Section 7 of the Goods and Services Tax Act 2017 for the transition period, regardless of the cause of the shortfall

The Central Board of Indirect Taxes and Customs (CBIC) has constituted a group of officers to complete consultation exercise with industry bodies

India Stock Market Highlights Today: Axis Bank, followed by IndusInd Bank, ICICI Bank, L&T, Tata Steel, Sun Pharma and ONGC were among the top gainers on Sensex pack. On the other hand, HCL Tech, Kotak Bank, Asian Paints, Infosys and HDFC Bank were among the laggards

The GST Council, comprising centre and state finance ministers, in its 39th meeting in March had decided that interest for delay in payment of GST to be charged on net tax liability with effect from July 1, 2017, and law would be amended retrospectively

The CBIC said that the board has decided to make it mandatory for various authorities, such as Commissioner (Appeals) to conduct personal hearing in virtual mode in cases relating to Central GST (CGST) and Integrated GST (IGST)

In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said when an applicant for GST registration opts for authentication of Aadhaar number, he shall, with effect from Friday (August 21)

The advance ruling mechanism under GST is fraught with many gaps, which is compounding the problems of taxpayers

Punjab & Sind Bank, Bank of Maharashtra, UCO Bank and IDBI Bank are four banks in which the government owns majority stakes through direct and indirect holdings