The Central Government has appointed Retired Justice Sanjay Kumar Mishra as the President of the Goods and Services Tax Appellate Tribunal (GSTAT) on 1st May, 2024. The appointment of the President for GSTAT is a key development in the establishment and functioning of the tribunal, which will play a crucial role in resolving disputes related to the Goods and Services Tax (GST).

ICICI Bank and MY GST Refund have partnered to offer Indian businesses exclusive benefits, including a 10% discount on GST services, a free first GST notice reply, and access to a complimentary GST refund calculator.

The Delhi High Court has made a significant ruling that could have broad implications. They have determined that refusing a taxpayer's Input Tax Credit (ITC) refund solely based on unauthenticated documents is considered "procedurally unfair".

Explore whether senior citizens are exempt from advance tax in India. Understand the nuances, pension income relief, and key considerations. Stay informed with our guide.

Indian taxpayers set a new record with 8.18 crore income tax returns filed by December 31, 2023, a 9% increase from the previous year. Boosted by targeted outreach and transparency tools, this surge reflects growing awareness, potentially increasing government revenue for improved public services.

Explore recent ITA changes for rental income and tax deductions. New TDS rates: 2% for equipment, 10% for property. Exemption for rent below Rs. 1.8 lakh, but high earners must deduct TDS. 'Rent' definition broadened. Compliance is key for all. Consult a tax advisor for details.

Explore the latest Sahaj and Sugam ITR forms for the Assessment Year 2024-25, featuring enhanced disclosures and early notification. Stay informed and streamline your income tax filing process with the updated forms.

The Finance Ministry has introduced a comprehensive procedure for filing appeals under the GST amnesty scheme, allowing taxpayers a chance to address issues related to GST assessments.

Moody's Investors Service has lauded the Reserve Bank of India's (RBI) recent decision to tighten lending norms for unsecured personal loans.

Pharma Giant Divi's Labs Faces Rs 82 Crore GST Demand Notice from Hyderabad Commissionerate, Including IGST and Penalties. Revealed on Nov 16.

RBI's Latest Move on Personal Loans: The Reserve Bank of India has implemented stricter regulations on personal loans, deeming them potentially risky for both banks and non-banking financial companies (NBFCs).

Corporate guarantees given in favour of related parties will be liable for 18 percent GST on 1 percent of the amount guaranteed or on the actual consideration.