Tag: itc
Affordable indulgences prevail as inflation bites the average Indian
In times of inflation and diminishing spending power, a notable shift in consumer behavior has emerged, highlighting the trend that money seemingly can buy happiness,…
gst council: GST Council to discuss measures to curb evasion, GoM report on online gaming in July 11 meet
The GST Council on July 11 will discuss some more measures to tighten the noose on fake registration and fraudulent generation of input tax credit…
DGGI Gurugram bust fake ITC racket worth Rs 863 crore, 2 held
The Gurugram Zonal Unit of Directorate General of GST Intelligence has busted a major fraudulent Input tax Credit (ITC) racket involving 461 fake entities, which…
E-invoices must for firms with ₹5 cr+ annual turnover
The Central Board of Indirect Taxes and Customs (CBIC) has enabled e-invoice for taxpayers with an aggregate annual turnover (AATO) between ₹5 crore and ₹10…
el-niño: Will it rain on India’s parade? El-Niño on top of mind of businesses that have an eye on the countryside
The coming monsoon may arrive slightly late. According to the Indian Meteorological Department’s (IMD’s) forecast, the Southwest monsoon will hit the Kerala coast on June…
privatisation: Scrutiny of Indian tycoons deals a blow to Modi’s privatisation drive
Prime Minister Narendra Modi assumed office nearly a decade ago with a goal of privatizing more of India’s floundering state-owned assets. For the nation’s business…
gst: Centre, state tax officers launch special drive to identify fake GST registration, curb evasion
With GST evasion crossing over Rs 1 lakh crore in 2022-23, Centre and state tax officers have initiated a two-month long special drive to identify…
Government working to bring in e-commerce policy, rules under consumer protection act on same page
The government is working on a proposal to bring out the policy for online retailers and e-commerce rules under the consumer protection act on the…
E-invoices must for businesses with 5 crore turnover a year
The centre on Thursday announced it will be mandatory for all businesses with annual turnover of over Rs 5 crore to move to e-invoicing for…
gst: Government gives time till May 31 for Goods Transport Agencies to opt for GST payment
The government has extended the deadline to May 31 for Goods Transport Agencies to exercise the option of paying GST on forward charge basis for…