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The GST Council in its 28th meeting held on 21 July 2018 had approved the key features and a new format of GST returns.

The Empowered Committee of State Finance Ministers had formed a Joint Committee to look into the reports on the business processes of registration (including return), refunds and payment for Goods and Services Tax (GST).

India has come a long way in liberalizing foreign exchange transactions for its residents. The legal framework for the administration of foreign exchange transactions in India...

On 9 September 2021, the government vide a press release had announced a budget allocation of INR 560.27 billion in FY 2021-22 to disburse all pending export incentives (viz. MEIS, SEIS, RoSL, RoSCTL, RoDTEP).

The government vide Notification No. 49/2018-Central Tax dated 13 September 2018 has notified the reconciliation statement to be certified by the auditor ...

The FTA (Federal Tax Authority) has recently issued a Public Clarification under UAE VAT law explaining the taxability of export of services.

AI is revolutionizing financial reporting and analytics by enhancing accuracy, efficiency, and decision-making. Previously, financial process often meant a significant reliance on manual data collection...

The GST council in its earlier meetings and the 38th meeting held on 18 December 2019 had approved several changes of GST provisions.

The second APA Annual Report (2017-18) issued by the Central Board of Direct Tax (CBDT) on 31 August 2018, provides key facts and statistical details.

The Reserve Bank of India (RBI) has recently proposed a few amendments to the Import Export Regulations and Direction and accordingly has sought feedback/comments on these regulations...

The 37th GST Council meeting was held on 20 September 2019 in Goa. The Council deliberated on a host of issues and devised various steps

Since January 2025, pension payouts are also handled centrally through any scheduled bank in India. The same bank details used for PF can be reused for pension claims, provided Aadhaar is linked

Technology is essential and involved in every aspect of our lives. In the business realm, the picture is no different.

The government, vide Circular No. 92/11/2019-GST dated 7 March 2019, has provided clarifications in relation to the eligibility of Input Tax Credit (ITC) in case of various sales promotion schemes operated by businesses.

The reduced tax rates and introduction of incentives to boost economic growth were approved by the President through the promulgation of Ordinance (Taxation Laws (Amendment) Ordinance 2019)...

Considering the challenges faced due to the ongoing pandemic, as well as many parts of the country facing partial lockdown, the Finance Minister of India has provided relief to the business and professional fraternity by once again extending the various due dates for compliances.

In Its 49th Meeting, The GST Council Recommended Various Amnesty Schemes To Regularize The Pending Compliances. To Give Effect To Those, The Central Board Of Indirect Taxes And Customs (CBIC)...