The GST reform holds immense potential to bolster India's MSME sector, but its current framework requires critical ...

There are some exceptions on which e-invoicing is not applicable even turnover exceeds the limits: e. Goods transportation ...

Sub: Application for granting an additional time under the provisions of Rule 96A of the Central Goods and Service Tax Rules, 2017. Ref.: Circular Number 37/11/2018-GST dated 15th March 2018. GSTIN No ...

Taxpayers and India Inc. alike are hoping for income tax relief from Finance Minister Nirmala Sitharaman in Union Budget 2025 to boost money in hand and improve consumer demand, respectively.

The Union Finance Minister Nirmala Sitharaman is set to present her eighth budget on February 1. With the economy grappling ...

Furthermore, the Central Board of Indirect Taxes (CBIC) has been taking steps to digitise the compliance processes such as broad-basing e-invoicing and Invoice Management System (IMS) for credits ...

That notification now allows exporters to open foreign currency accounts outside India to receive export proceeds and utilise ...

A new motor tax and 17 percent GST have ... of cotton under zero-rated regime will claim bogus refund against the local supplies to EFS Units by pumping in flying invoices - a challenge FBR ...

Recently, the industrial sector has experienced a rollercoaster of challenges. The pandemic disrupted supply networks, and ...

Entities that are not required to get a GST registration but are required to make a tax payment under the GST Act provision can now obtain a Temporary Identification Number (TIN). The Central ...

According to the latest guidelines issued on January 13, GST officers must now provide a clear explanation of the reasons for ...

Strengthening awareness, financial support, and cybersecurity adoption will help MSMEs become more competitive and resilient.