For a republic at work since 1947, decisions on issues of national importance without prior consultation with experts, opposition parties, state governments and other stakeholders are not only inconceivable but come with consequences that could be easily avoided

The 1929 and 2007-08 financial crises have amply demonstrated how unbridled growth of liquidity and household credit caused havoc in people's lives and economies. Pushing for more of the same at the time of massive loss of jobs and incomes is not such a good idea

The amendment, which imposes a restriction on the time limit to claim transitional credit, is being notified by the government from 18 May 2020

Finance Minister Nirmala Sitharaman Speech Live Updates on Economic Package: 4th phase of announcements under the Atma Nirbhar economic stimulus package will focus on structural reforms

Check out live updates on Finance Minister Nirmala Sitharaman's speech on economic package; on the third day of announcements, the FM is likely to come out with stimulus for ailing travel, tourism and aviation sectors

Nirmala Sitharaman press conference: While each of these sectors has made specific demands, some of the common demands include tax holiday, GST (goods and services tax) holiday and payment of salaries to the employees by the government

Restaurants sector has been particularly hit during the lockdown since food services are not allowed to operate. This has badly affected the finances of the sector, including both organised and unorganised players

In the post-industrial democratic era, they have benefited immensely from the public provisioning of health and education that produces quality labour, infrastructure, natural resources, tax incentives, loan write offs (NPAs), bailouts, stimulus packages, and much more. Yet increasingly they use tax havens, shell companies and other tools to evade and avoid paying back

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In the order passed today, the Delhi High Court held that period of 90 days for claiming input tax credit is directory and therefore, period of limitation of three years under the Limitation Act would apply

On its part, the Reserve Bank of India (RBI) did try to ease the liquidity crisis among MSMEs through a string of measures on April 17, but suggestions coming from Congress go much beyond solving the liquidity crisis

The worries over spread of the virus have created mayhem in stock markets globally. Here is what lies in store for equity investors in the year to come

Announcement was made after GST Council meeting on Saturday, saying the relevant law had been amended with effect from July 1, 2017, the day GST came into force

GST Council has a few expectations, which will be formally informed to Infosys, says Nirmala Sitharam; among major \"expectations\" is to enhance load capacity of the GSTN from 1.5 lakh users at the moment to 3 lakh

GST Council also decides to give relief to domestic maintenance, repair and overhaul service providers (in respect of aircraft) by reducing tax rate to 5 per cent from 18 per cent with full input tax credit

The Council would also discuss the integration of the GST e-way bill system with the NHAI's FASTag mechanism from April to help track movement of goods and check GST evasion

The GST Council is likely to rationalise tax rates on mobile phones, footwear and textiles and two other sectors and defer implementation of the new return filing system and e-invoicing in its meeting on March 14.

Officers of Anti-Evasion wing of Central Tax, Delhi West Commissionerate have busted a racket of fake invoicing of Rs 7,896 crore, and arrested two persons in this matter

GST was supposed to be a simple, self-regulating and non-intrusive tax compliance regime to replace a complicated and multiple indirect tax systems. What has been rolled out remains very much a work-in-progress after more than two-and-half years

Central GST Delhi East Commissionerate officials caught three persons for floating 17 fake companies and issuing fake invoices