Finance Secretary Ajay Bhushan Pandey said the generation of e-way bills has gone up 21 per cent in October, while the number of e-invoice generation has touched 29 lakh IRNs a day

While refunds for 'risky' exporters have been a contentious issue, tax consultants with sizeable client base said that technical glitches are also being cited for pending GST refunds

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

Finance Ministry said that despite the lobbying against the crackdown, the government is planning to take stern action against the risky exporters, who have claimed IGST refunds worth Rs 2,020 crore and now are untraceable

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

Coronavirus lockdown in India updates: A case has been registered at Bandra Police station under section 143, 147, 149, 186, 188 of Indian Penal Code, read with Section 3 of Epidemic Act, against 800-1000 unidentified people

Live updates on India coronavirus: Essentials will be delivered door-to-door in sealed coronavirus hotspots in Delhi; list of sealed areas to be released tomorrow

Aarin's Mohandas Pai, Swiggy's Sriharsha Majety, Moglix's Rahul Garg among signatories seeking fiscal support and easier compliance burden

With the promulgation of the ordinance, the last date for filing income tax returns for 2018-19 as well as that for linking PAN with biometric ID Aadhaar has been extended by three months to June 30

It also extends date till June 30 for passing of order or issuance of notices by the authorities under various direct taxes and Benami law. Besides, date for 'Vivad Se Viswas' scheme has also been extended by three months till June-end

Despite an AGR burden of Rs 53,000 crore, Vodafone Idea hopes for a fresh lease of life, right before a crucial meeting of the highest decision-making authority in the Telecom Ministry

A dozen experts interpret Budget 2020 and its impact

Budget 2020: In today's speech, the FM broke her own record and delivered the longest Union Budget speech, which was 159 minutes long

Union Budget 2020 Live Updates: PM Modi says budget will increase income, investment, demand and consumption, and will bring new vigor in financial system and credit flow

CBIC also said in its statement that more than 2 lakh GSTR-3B returns (for the tax month of December) were filed on January 21 (till 12 pm)

Department of Revenue has also sent alerts to around 40,000 companies for excess ITC, availing it fraudulently and other tax-related wrongful issues

Prescriptions from top experts in business, economics, politics and taxation

Cyrus Mistry says not returning as Tata Sons chairman, will protect minority shareholders' rightsCyrus Mistry has said that he is not pursuing the position of Tata Sons' executive chairman, the office he was unceremoniously terminated from in October 2016, or directorship of any of the Tata group companies. He added that he will, however, \"vigorously pursue all options to protect our rights as a minority shareholder\". Mistry's statement on Sunday came in the backdrop of an NCLAT...

The meeting is being organised with the purpose of curbing fraud and evasion, checking fake or huge input tax credit claims, seeking bank account details of businesses to tally with their filings, misuse of refund

As the Council now needs to find ways to enhance revenues through GST, next year could see the Council deliberating on hiking GST rates on certain items