The GST Council endorsed a proposal on Friday that platforms for public food supplies such as Swiggy and Zomato should collect 5% GST after getting GST Registration. The pandemic gave a boon for food supply platforms after the first lock-down and delivery of restaurants with aggregate orders such as Swiggy and Zomato up 120% of … Read more
Taxpayers flag a range of ongoing anomalies like belated pre-corroboration by the banks and issues in register digital sign official documents. The article discusses Infosys’ deadline ends; however, bugs are still in the income tax filing portal in detail. Infosys’s deadline ends, but several issues were found on the portal The time limit outlined by … Read more
Important news for Investors as the GST & Income Tax Department may target Crypto Transactions soon. If crypto transactions are taxed, investors might need to mention them in their ITR Filing. As per the recent reports, the Finance Ministry is considering taxing crypto income through trading and crypto exchanges. Sources argue that even if it … Read more
A huge relief for the nation’s $180 billion industry of BPO (Business Process Outsourcing) and IT Companies. The GST Council on Friday released a clarification that will open up hundreds of crores in tax refunds for IT, financial services, and research and development sector firms, and eliminate the four-year-old problem that has led to large-scale … Read more
The GST (Goods and Services Tax) committee is on Friday anticipated to select either to treat back-workplace business process outsourcing corporations provided to abroad customers as exports not legally accountable for levy or a moderator service charged eighteen percent levyMore so, The verdict would be vital for the above $180-billion BPO sector that runs on … Read more
The CBDT has launched a new Income Tax e-Filing 2.0 portal. The new portal was launched on 7th June 2021. The government’s intention behind launching a new Income Tax Portal was to facilitate taxpayers. Therefore, the government has launched several new features in the portal. In this article, we will learn all about the Income … Read more
Good news for small businesses and especially for those businesses having MSME Registration. Flipkart is about to onboard 1.2 lakh MSME Registration new sellers. This move will have a positive impact on Economic growth as well as the development of MSMEs. MSMEs are the backbone of the country and play an important role in producing … Read more
In Punjab, the Income Tax Department identified tax fraud by three commission agents who were also involved in the field of farmers besides having a business of cold storage facilities and rice mills, Income tax department raid claimed “suppression” of company revenues and “inflation” of expenditures. In this article, we will read about the latest … Read more
TTD (Tirumala Tirupati Devasthanams) managerial officer KS Jawahar Reddy presented ISO (International Organization for Standardisation) certification to Sri Padmavathi Women’s Degree principals, PG College, Sri Venkateswara Arts College, and Sri Govindaraja Swamy Arts College for superiority at the Tirumala Tirupati Devasthanams managerial building on Friday. The article demonstrates the latest news as TTD colleges get … Read more
On September 17, 2021, Finance Minister Nirmala Sitharaman chaired the first in-person GST Council meeting since the coronavirus pandemic began. The 45th meeting of the GST Council was conducted in Lucknow. The council members discussed a number of GST topics, including state compensation and revisions to GST rates on Covid essentials, whether or not the … Read more