As per CBDT, there are over 4.6 lakh appeals pending at level of commissioner (appeals) currently; of this, 4.05 lakh appeals, i.e., about 88%, will now be handled under Faceless Appeal mechanism

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

India's current efforts in restructuring its tax system should eventually eliminate the need for compliance - something similar to what the tax administration department of UK, is trying to achieve through its Making Tax Digital initiative

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

Fintechs' ties with banks and NBFCs have come under the Reserve Bank of Indias scanner for shoddy practices. Here is the inside story

Effective from August 13, the faceless assessment scheme aims to obliterate the human interface between the income tax department and the taxpayer

The Delhi State Trade and Taxes Department under Deputy Chief Minister Manish Sisodia has served notices to all defaulters under (Form) 3A of GST Act to pay taxes due within 15 days failing which it will proceed with further action

The source said in the first phase of faceless assessment, a total of 58,319 cases were assigned in an automated way randomly and these were kept away from the geographical jurisdiction of the case, based on computer algorithms

The Bishnois have been asked to reply within ten days to exercise their right to appeal against sharing of information as per the Swiss laws, according to two separate notices published in Switzerland's latest federal gazette, dated July 7

Protecting user data, enhanced capital support to start-ups and changes in IT sector laws can transform India into a digitally empowered society

Coronavirus lockdown 4.0 India live updates: Maharashtra government issued fresh lockdown guidelines on Tuesday. All urban areas including Mumbai have been put in red zones, rest have been put in orange and green zones. India's total COVID-19 tally climbed to 1,01,139 on Tuesday, according to Union Health Ministry

Sensex, Nifty Live News Today: SBI Cards and Payment Services, Adani Gas, Shree Cement, Procter & Gamble Hygiene & Health Care, Reliance Power, Reliance Infrastructure, Reliance Home Finance, Reliance Capital among others will be reporting their March quarterly results today

It is common for force majeure clauses to specify the impact that the event or circumstances in question must have, in order for the clause to be triggered

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

Colin Shah, Vice Chairman, GJEPC, said the relaxations will give some relief to worried entrepreneurs and they are eagerly awaiting the economic relief financial package to be announced by the government

The FM's latest announcement has come in the backdrop of coronavirus outbreak. The deadly virus has killed 11 people. And 482 have been tested positive, according to ICMR

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 may rationalise tax rates on five sectors, including mobile phones, footwear and textiles, and defer implementation of the new return filing system and e-invoicing