finance

Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbreak…

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Dedicated Helpdesk by CBIC for Handholding Trade, Industry and Individuals to expedite Customs Clearance of Imports related to COVID including Oxygen and oxygen related equipment etc.

Central Board of Indirect Taxes and Customs (CBIC) has set up dedicated helpdesk to handle queries related to Covid related Imports and handhold the…

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Auction for Sale (Re-issue) of ‘3.96% GS 2022’, and ‘5.85% GS 2030’ and ‘6.76% GS 2061’

Press Information Bureau, Government of India New Delhi, 26th April 2021 Up to 5% of the notified amount of the sale of the Securities will be allotted…

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Auction for Sale (Re-issue) of ‘3.96% GS 2022’, and ‘5.85% GS 2030’ and ‘6.76% GS 2061’

The Government of India (GoI) has announced the Sale (Re-issue) of (i) ‘3.96% Government Security, 2022’ for a notified amount of Rs 3,000 crore (nominal)…

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Provisional Direct Tax collections for the Financial Year 2020-21 show growth of almost 5%

Net Direct Tax collections represent 104.46% of the Revised Estimates of Rs. 9.05 lakh crore of Direct Taxes for the F.Y. 2020-2; Advance Tax collections…

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More than Rs 25,586 crore sanctioned to over 1,14,322 accounts by the Banks under Stand-Up India Scheme in 5 years

According to Ministry of Finance, the Modi government’s Standup India scheme, launched on April 5, 2016, facilitating bank credit between Rs 10 lakh…

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Further operational flexibility are allowed to GST filers by Government

The government announced that those tax filers who are operating under the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme of GST,…

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HSN Code/ Service Accounting Code mandatory on invoices as per revised requirement from 1st April 2021 for GST taxpayer with turnover of more than Rs 5 crore

With effect from the 1st April, 2021, it has been made mandatory for a GST taxpayer, having turnover of more than Rs 5 crore in the preceding financial…

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