The scheme and a range of other incentives for industrial development in the state are part of Tamil Nadu Industrial Policy 2021, unveiled by chief minister Edappadi K. Palaniswami on February 16 in Chennai

CBIC says new rule will help control those who issue fake invoices and show high turnovers but have no financial credibility; CAIT urges Finance Minister Nirmala Sitharaman to defer its implementation and terms it a \"counter-productive\" measure

CAIT, in a letter to Sitharaman, has drawn her attention towards Section 86B, saying that \"it is a counter-productive step which will load the traders further with burden of compliance and also much financial obligation\"

The Central Board of Indirect Taxes and Customs (CBIC) has notified certain changes to the Goods and Services Tax (GST) Rules, bringing in stringent conditions for getting GST registration as well as for businesses to settle tax liability using input tax credit

The government has notified on Tuesday the recommendations of the Law Committee of the GST Council in order to control the menace of GST fake invoice frauds

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

The tax department has so far suspended IGST refund/drawback worth Rs 1,363 crore related to 2,830 risky exporters

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

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

The government on Friday approved Remission of Duties and Taxes on Exported Products, a scheme for reimbursement of taxes and duties to exporters

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.

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

The Central Board of Indirect Taxes and Customs reportedly used data analytics to tally data with the Income Tax Department, and under Goods and Services Tax regime and customs to nab the exporters who fraudulently claimed GST refunds

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

The government should bring out clear rules to ensure that this dispute resolution scheme does not itself become the root cause for more legacies which require another amnesty

The Budget sets the ball rolling on key agenda of the Modi 2.0 government

Your data - good or bad, structured or unstructured, matched or unmatched or reconciled - will drive your tax destiny, while the government uses the data to create a virtual profile or 'virtual kundli' of your business.