The government introduced faceless income tax assessment and scrutiny to reduce the scope for corruption and potential overreach by tax officials

Business confidence rises a bit as business leaders expect improvement in economic growth following the corporate tax rate cut. Their willingness to invest and the outlook for private consumption remain weak though, finds the latest Business Today-C fore Business Confidence Survey.

The number of property developers falling into bankruptcy has doubled during the past nine months, piling pressure on NBFCs. Potential implosions of these NBFCs could expose banks

Data released by the income tax department also showed that the number of people filing return in 2018/19 jumped 16 per cent to 6.33 crore compared to 5.45 crore in the previous year

The new rules, called the Central Goods and Services Tax (Sixth Amendment) Rules, 2019, came into effect on October 9 amid dwindling GST collections

Of the total GST collection in September, CGST was Rs 16,630 crore and SGST was Rs 22,598 crore. IGST during the month was Rs 45,069 crore, including Rs 22,097 crore collected on imports

For every 10 per cent increase in cost-saving for firms due to improvement/provision of roads, 1.9 per cent more jobs can be created: study

E-commerce giant Amazon and Flipkart have created over 1.4 lakh temporary jobs across supply chain, last-mile connectivity and customer support in preparation for their festive sales that kicks off later this month.

Flipkart's Big Billion Days sale also provides new market opportunity for almost 1,35,000 artisans for the first time through its Samarth initiative

According to industry experts, the rising price of crude post the attack will deplete the country's foreign currency reserves and widen the fiscal deficit gap, while it fuels inflation in the domestic market

The biggest ever joint-operation by DRI-DGGI teams targeted exporters who were claiming refund of IGST fraudulently. Sources say pan-India searches were carried out at 336 different locations across the country on Wednesday.

The circular clarifies that that the scope of discretion by tax officials will be minimum under the scheme as calculation of exemptions and waivers are going to be automated

The scheme gives a window to tax litigants to settle any pre-GST indirect tax-related disputes. It covers disputes under central excise, service tax and specified cesses including education cess, krishi kalyan cess and swachh bharat cess

The date for filing annual returns and GST audit for 2017/18 has again been extended - this time from 31 August to 30 November - due to 'technical' glitches