New Delhi, December 15, 2017

With the GST revenues under stress for the third consecutive month, the GST Council headed by Finance Minister Arun Jaitley is meeting on Saturday to discuss the way out.

New Delhi, December 15, 2017

A Bill to amend the Negotiable Instruments Act, 1881, to provide for interim compensation to the payee of a cheque, both at the trial stage and at the appellate stage, got the go-ahead from the Cabinet on Friday.

New Delhi, December 15, 2017

Boost for ‘Make in India’: analysts

New Delhi, December 15, 2017

India will soon have its first national employment policy that will outline a comprehensive road map for creation of quality jobs across sectors through economic, social and labour policy interventions. The move is aimed at addressing the crucial issue of job creation in the country.

December 14, 2017

The International Federation of Accountants is expressing alarm about recent proposals from a group of global financial regulators to separate its standard-setting boards for auditing and ethics.

Mumbai, December 14, 2017

The markets watchdog Sebi today said it is still considering to make defaulting corporates to disclose the negative development to the regulator, markets and exchanges mandatory.

New Delhi, December 14, 2017

Revenue collections from the Goods and Services Tax could pick up over the coming months as provisions such as e-way bills for transport of goods kick in, Finance and Corporate Affairs Minister Arun Jaitley said on Thursday, stressing that lower direct and indirect tax rates are only possible when government’s tax kitty expands.

New Delhi, December 14, 2017

All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said on Thursday.

New Delhi, December 14, 2017

Two armed guards and a driver in each van must be trained to 'disengage with the situation and drive vehicle to safety' in case of an attack, a home ministry official said

New Delhi, December 14, 2017

Even though the tax department has set aside a clutch of orders sent to IT companies reversing their tax exemptions in respect of IT/IT-enabled services (IT/ITes) provided to clients abroad and also slapping service tax and penalty on them, tax experts said the “technical issue” could linger.

Dec 13th 2017

The Public Company Accounting Oversight Board (PCAOB) recently issued guidance for the new auditor’s reporting model in Auditing Standard No. 3101, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion.

New Delhi, December 14, 2017

Finance Minister Arun Jaitley on Thursday said tax rates can be reduced only with greater formalisation of the economy and expansion of the tax base.

Bengaluru, December 14, 2017

Even a month after the Centre slashed GST rates on 212 items, the entire benefit is yet to reach consumers.

December 14, 2017

The government is keeping a watch on some banks, insurance companies and technology and telecom firms after it announced that errors in tax credit claims should be rectified, according to two people aware of the matter.

New Delhi, December 13, 2017

The GST Network said it has introduced a functionality which simplifies the returns filing process for taxpayers.

New Delhi, December 13, 2017

Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years

December 12, 2017

The Financial Accounting Standards Board (FASB) has opted to ease the burden of implementing its leases standard for preparers, and these recent changes target land easements and separation of non-lease and lease components for lessors.

New Delhi, December 13, 2017

The government has amended rules requiring mandatory quoting of national biometric identifier Aadhaar and PAN for certain financial transactions such as opening of a bank account by keeping the deadline open-ended in place of the current December 31.

New Delhi, December 12, 2017

In a relief to IT companies, a Rs 10,000 crore service tax demand notices on dozens of IT companies has been set aside, the government said today.

New Delhi, December 12, 2017

Leading bourse BSE on Tuesday asked asset management companies to ensure that individual clients compulsorily submit their Aadhaar details from January onwards as part of compliance with anti-money laundering rules.

New Delhi, December 12, 2017

Taxpayers told to revise such erroneous claims by December 27

December 11, 2017

As tax officials chase to meet stiff revenue targets amid sluggish growth, there is a sudden surge in prosecution notices slapped by the income tax (I-T) department.

December 12, 2017

Transition to GST provided for trust based transition of input tax credit of the existing taxpayers.

December 12, 2017

The markets watchdog Sebi is planning to make the initial public offering (IPO) process easier and faster by simplifying the entire procedures with a focus on reducing the listing time to four days from six now.