15 Apr Indian Government Considers Extending Support Program for Exporters
The Ministry of Commerce in India is looking to recommend a five-year renewal of a program that helps exporters....
Indian Economy Tag
13 Apr Maharashtra: The Leading State in GST Contribution at 19.6% and Per Capita Consumption Spending
In the realm of GST collection, Maharashtra emerges as the primary player, contributing 19.6% to the national pool in the fiscal year 2024...
05 Apr RBI defers implementing directions on exchange-traded forex derivatives to May 3
The Reserve Bank of India (RBI) has announced an extension of the deadline for implementing rules regarding exchange-traded forex derivatives to May 3, extending it from the previous deadline of April 5....
02 Apr Madras High Court Invalidates GST Assessment Over ITC Disparity
In a significant ruling, the Madras High Court addressed the validity of a GST assessment order in the case of Sri Lakshmi Silvers versus The State Tax Officer, Gugai Circle, Salem....
29 Mar CBIC Declares March 29-31, 2024 as Working Days for All Customs Field Formations
The Central Board of Indirect Taxes and Customs (CBIC) has announced that March 29th, 30th, and 31st, 2024 will be considered as working days for all Customs field formations....
18 Mar Insolvency and Bankruptcy Code, 2016
Introduced in the Lok Sabha on December 21, 2015, the Insolvency and Bankruptcy Code, 2015 underwent scrutiny by the Joint Committee. The Committee presented its recommendations, leading to the passage of the modified Insolvency and Bankruptcy Code, 2016 by both Houses of Parliament in May...
18 Mar Understanding the SARFAESI Act, 2002: Scope, Aims, Procedures, and Documentation
India's financial sector plays a crucial role in the country's economic development. However, outdated legal frameworks hindered the efficient recovery of defaulted loans and contributed to rising nonperforming assets (NPAs)....
18 Mar Prevention of Money Laundering Act (PMLA), 2002: A Comprehensive Overview
The Prevention of Money Laundering Act, 2002 (PMLA) was enacted to combat the criminal act of legitimizing income derived from illegal sources. It empowers the government or relevant authorities to seize property acquired through proceeds obtained from unlawful activities, commonly known as money laundering....
18 Mar Opting for GST Composition Scheme Deadline Extended to March 31, 2024: Check Eligibility and File Form CMP-02 for FY 2024-25
The deadline for GST-registered individuals to opt for the GST Composition Scheme for the fiscal year 2024-25 has been extended to March 31, 2024. This scheme simplifies tax compliance for eligible taxpayers, allowing them to avoid regular filings if their turnover remains within specified limits....
18 Mar Competition Act 2002
Competition, a fundamental aspect of market dynamics, involves individual sellers vying for buyer patronage to attain profitability or market share....
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