New Delhi: The Indian government, aiming to accelerate the adoption of solar energy across the nation, has announced a substantial increase in subsidy rates for rooftop solar installations under the proposed Pradhan Mantri Suryoday Yojana. Union Minister for New and Renewable Energy, RK Singh, revealed...
The Indian Union Budget 2024 brought unexpected yet significant developments for the startup and technology industries, signaling a pivotal moment for the nation's progress....
The finance parliamentary panel, led by MP Jayant Sinha, has proposed a reduction in the Goods and Services Tax (GST) on health insurance products for senior citizens and microinsurance products to below 18 percent, aiming to enhance affordability. In its report on the 'Performance review...
Revenue Secretary Sanjay Malhotra announced that the GST Council will reconsider the imposition of a 28 percent Goods and Services Tax (GST) on the full face value of online gaming, but not until after March 31. He clarified that the review will not occur during...
The Ministry of Corporate Affairs (MCA) has announced that, starting from February 6, 2024, the Central Processing Centre (CPC) will undertake the processing and approval of e-forms submitted by companies. This marks a shift from the current practice where regional offices, including Regional Directors and...
Starting from April 1, manufacturers of pan masala, gutka, and similar tobacco products could be subject to penalties of up to Rs 1 lakh if their packing machinery is not registered with GST authorities. This measure aims to tackle revenue leakage within the tobacco manufacturing...
The CBIC extends the last date for submission of feedback on the Harmonization of the GST Rate Schedule on Services and the Classification of Services adopted for GST. Please see the enclosed notice, published on the CBIC website on January 04, 2024, calling for feedback/ suggestions...
Stay updated with our monthly newsletter The ReCap! Get updates on latest tax regulations, changes in tax laws and expert insights to navigate the complex world of taxation. Simplify your tax planning and ensure compliance. Click on the icon below to access the complete newsletter....
The Institute of Chartered Accountants of India (ICAI) has issued new Continuing Professional Education (CPE) Credit Guidelines for Chartered Accountants (CAs) for the year 2024....
The CBDT vide its order under section 119, dated 16.10.2023 and 01.12.2023, directed that all validly filed returns up to Assessment Year 2020-21 bearing refund claims, which could be processed by 31-01-2024. The matter has been re-considered by the board, and it has been decided...
Agree
