In a renewed crackdown on tax evasion, the income tax department has started re-examining several previously concluded assessment cases. The reassessment cases are largely focused on businesses ...

GST has been a stable source of revenue, contributing to a diversified base of government revenue for funding public goods and services, the IRAS said. The GST Council in its 27th meeting discussed ...

Following the financial news carefully, you will remember that the overall turnover has been reduced to ₹5 crore from ₹10 crore. Does it apply to your enterprise? If yes, opting for an e-Invoice from ...

In a big relief to small companies, the Central Board of Indirect Taxes and Customs (CBIC) has raised the threshold limit to mandatorily file e-invoice to Rs 500 crore from earlier Rs 100 crore ...

All invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal by September, a move aimed at curbing the menace of ...

To start with, businesses above a specified threshold will just get a unique number for every electronic invoice or e-invoice generated. This number can be matched with the invoices reported in the ...

The government is set to roll out GST or Goods and Services Tax from July 1. Amid concerns regarding new paperwork once GST kicks in, the Central Board of Excise and Customs has come out with a few ...