Finance Minister, Sitharaman, in the 47th GST Council Meeting claimed there were no disagreements from any side. All the states agreed to the proposals. There have been multiple GST council’s meeting from the day it was implemented, in continuation of…
On Thursday, Union Home & Cooperation Minister Amit Shah urged businesses to support startups fully due to their connections to the sector. Since 2014, when there was only one unicorn in the nation, startups had advanced significantly. At the third…
Gift cards, vouchers, mileage points, reward points, and loyalty cards were used to be categorized as (Virtual Digital Assets) VDAs. But a recent notification issued by the Central Board of Direct Taxes (CBDT) stated that the above will stop being…
The Reserve Bank of India (RBI) extended the deadline for tokenising credit and debit cards by three months, from June 30 to September 30, on July 24. Payment aggregators, wallets, and online retailers (apart from card issuers and card networks)…
The biggest ride-hailing firm Uber has sold 7.8% of its stake in the food delivery aggregator Zomato via a big block deal on stock exchanges, sources familiar with the development said. The Zomato block deal has been executed at Rs…
A record of highest ITR filing on a single day has been created as over 72.42 lakh Income Tax Returns filed on 31st July, 2022. About 5.83 crore ITRs for AY 22-23 filed till 31st July, 2022. The Income Tax…
The UAE (United Arab Emirates) is introducing for the first time a federal corporate tax on business earnings. In a major change of course as the country seeks to diversify its income. This is first time, UAE has lifted Tax-Free…
Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal has called upon the Global Venture Capital (VC) Funds to focus more on Startups from Tier 2 and 3 cities. While chairing the…
Providing relief to custodians of Inland Container Depots (ICDs) and Container Freight Stations (CFSs) across the country, the CBIC has streamlined the procedure of closure of these facilities in a maximum of four months only. No timeline was specified earlier.…
The Central Government has amended Foreign Trade Policy 2015-20 (FTP) for introducing a Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP). The scheme for zero-rating of exports will boost India’s exports & competitiveness in the global markets. A…
