The Union Cabinet has approved National Anti-Profiteering Authority (NAA) under Goods and Services Tax (GST). The main objective behind the same is to make sure that the benefits of reduction in the GST rate are passed on to consumer and not just engulfed by the businesses. The endowment of Authority will be headed by a … Continue reading “National Anti-profiteering Authority approved by Union Cabinet”

Businesses can start filing their first tax return under the new Goods and Services Tax GST regime as the GST Network has started the facility for return filing and paying taxes on the portal. “The window for filing GSTR-3B has opened on August 5 and is fully functional now. Taxpayers can log into their account … Continue reading “Businesses can File Returns, Pay Taxes for July on GSTN Portal”

Ministry of Corporate Affairs notifies Companies (Meetings of Board and its Powers} Second Amendment Rules, 2017 dated July 13, 2017.

India will begin imposing basic customs duty (BCD) on smartphones of 10% from July 1 making imported devices more expensive than locally made ones,