Recap of the Monsoon Session of Parliament 2023: 23 Bills passed, major legislative changes, productivity rates, and key highlights.
Guidelines for health and wellness celebrities, influencers, and virtual influencers, including disclosure, due diligence, and fact-based information. Learn how to promote responsibly.
Discover how Minimum Export Prices (MEP) influence commodity exports, factors behind MEP imposition, exemptions, and maintaining balance between producers and exporters.
In an effort to enhance tax compliance and streamline reporting processes, the Income Tax Department recently sent out an SMS to individuals, addressing concerns related to certain transactions reported in Form 60/61 for the fiscal year 2021-22. The message has sparked queries and curiosity among taxpayers. In response, the Income Tax Department has issued a […]
Explore transformative Bhartiya Nyaya Sanhita, Nagarik Suraksha Sanhita, and Sakshya Bill of 2023 that herald a new era in India’s legal landscape. Discover the comprehensive changes and advancements in these bills, as they replace colonial-era laws, prioritize victim rights, embrace technology, and ensure timely justice.
Discover India’s eCourts Mission Mode Project, transforming the judiciary through digitalization. Virtual hearings, case databases, and more redefine court proceedings for the digital era.
Direct tax collections for F.Y. 2023-24 up to August 10 show steady growth. Gross collections at Rs. 6.53 lakh crore, a 15.73% increase over last year. Net collections stand at Rs. 5.84 lakh crore, up by 17.33%. Refunds of Rs. 0.69 lakh crore issued, indicating efficient tax administration and positive fiscal outlook.
From the time where tax payer will forget how much refund is yet to receive and when they will receive to now, there is a remarkable change, the Indian tax scenario has undergone a significant transformation, witnessing an extraordinary surge in the pace at which tax refunds are processed and allotted. According to the data […]
Learn about estimated size of India’s online gaming industry, projected revenue collection from proposed 28% GST, and rationale behind imposing 28% GST. Impact of the 28% GST on growth and revenue generation of online gaming industry, as outlined by Indian Government.
I propose that the CGST Department consider the introduction of a mechanism to remit interest on un-utilized ITC. Much like the system implemented for income tax refunds, where interest is added for retaining tax till filing of return and claim, this approach could offer businesses a much-needed relief when faced with a scenario of accumulating un-utilized ITC.
