Tag: Indirect taxes

Indirect taxes: India’s tax pie gets altered because of pandemic; share of direct taxes drops

India’s tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections resulting from a disproportionate impact of the...

President gives assent to Taxation and Other Laws bill

The President of India gave his assent to the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, which will extend compliance-related...

FM gives relief to small taxpayers

The Goods and Services Tax Council on Friday decided to further ease compliance burden of businesses by providing relief on late free and interest payable...

CBIC: CBIC allows refunds for event cancellations

In a move that is set to benefit relief to the tourism, hospitality and entertainment sectors facing business loss due to the nationwide lockdown due...