FY22 ITR filing: About 34 lakh returns filed till 4pm on last day
Nearly 34 lakh income tax returns were filed till 4 PM on the last day of filing ITR for 2021-22 fiscal by salaried individual, the I-T department said on Sunday.…
GST on essential items after states sought levy, aimed to check evasion: Official
GST on pre-packaged goods/ food packets was levied after some states gave feedback of losing revenues they previously earned from levy of VAT on food items, a top government official…
ITR filing: What does Taxpayer Information Summary (TIS) in Annual Information Statement contain?
The Annual Information Statement (AIS) provides a thorough overview of the data for a taxpayer. The AIS displays both the reported value and the modified value i.e., value after taking…
Kerala-Centre face-off on GST: State FM Balagopal says no tax should be levied on common man’s items
Kerala Finance Minister K N Balagopal on Thursday said the state had repeatedly expressed its reservations over imposing GST on certain packaged food items, contradicting Union Finance Minister Nirmala Sitharaman’s…
FM Nirmala Sitharaman clarifies on GST rates on certain items, says decision taken to curb tax leakage
Finance Minister Nirmala Sitharaman on Tuesday took to Twitter to clarify the decisions taken by the GST Council in its 47th meeting. The council recommended reconsidering the approach for the…
FM Nirmala Sitharaman clarifies on GST rates on certain items, says decision taken to curb tax leakage
Finance Minister Nirmala Sitharaman on Tuesday took to Twitter to clarify the decisions taken by the GST Council in its 47th meeting. The council recommended reconsidering the approach for the…
Holidays to become costlier from July 18 as all hotel rooms to be taxed under GST
Those looking to holiday on a budget must get ready to cough up more for their hotel rooms from July 18, 2022. This is because the Goods and Services Tax…
New GST googly: Gifted IPL tickets are no longer free
Complementary Indian Premier League (IPL) tickets given or gifted to anyone free of cost would still attract Goods and Services Tax (GST) as there is a consideration involved even if…
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