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By: AdminDate: November 22, 2024Category: PLI NewsReading Time: 4 Minutes The government has introduced a revised Performance-Linked Incentive (PLI) scheme for senior executives of public sector banks (PSBs). This updated…
The Kerala GST Department has announced a streamlined adjudication process for show cause notices (SCNs) under the Kerala SGST Act, 2017. This update, detailed in Circular No. 21/2024-Kerala SGST dated…
Commerce and Industry Minister Piyush Goyal has expressed confidence in India's ability to manage its Current Account Deficit (CAD). Speaking at a recent event, he attributed this resilience to strong…
India's Goods and Services Tax (GST) regime is under scrutiny following a viral LinkedIn post by an entrepreneur. The post questioned the fairness of GST rates, highlighting disparities between essential…
The Assam Cabinet has approved the Assam Goods and Services Tax (Amendment) Ordinance, 2024, introducing significant changes to the state's GST framework. The amendments aim to enhance revenue collection, streamline…
Alyssum Developers Private Limited (ADPL) has been issued a notice under Section 73 of the GST Act by the Assistant Commissioner of the State Tax Department, Maharashtra, citing a tax…
The Goods and Services Tax Network (GSTN) launched the Invoice Management System (IMS) to simplify invoice reconciliation and improve transparency in Input Tax Credit (ITC) claims. Effective from October 1st,…
Last Updated: 21 November 2024 The Central Board of Direct Taxes (CBDT) has announced income tax exemptions under Section 10(46) of the Income-tax Act, 1961. These exemptions, granted to legal…
Last Updated: November 21, 2024 The Directorate General of GST Intelligence (DGGI) has issued notices to Swiggy and Zomato, demanding a total of ₹750 crore in Goods and Services Tax…
Last Updated: November 21, 2024 Sanjay Malhotra, the Revenue Secretary, announced that the Goods and Services Tax Appellate Tribunal (GSTAT) will start functioning by the end of this financial year.…