Net direct tax collection rises 22.5% to Rs 6.93 trillion till August 11
India’s net direct tax collection, with refunds adjusted, grew 22.5% to Rs 6.93 trillion between April 1 and August 11…
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Special Drive To Weed Out Fake GST Registration Begins On Aug 16: CBIC
The second Special All-India Drive may be launched by all Central and State Tax administrations from August 16 to October…
IIP growth eases to 5-month low of 4.2% in June
In the use-based category, consumer durables output growth ebbed to a six-month low of 8.6% in June, while that of…
Food inflation falls to 13-month low to 5.42%
Favorable base, sequential decline in vegetable prices key reasons. Retail food inflation dropped sharply to a thirteen-month low to 5.42%…
MSMED Act Has Overriding Effect Over A&C Act Only When Disputes Between MSMEs Are Covered U/S 17 MSMED Act: Bombay HC
The Bombay High Court observed that the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 (MSMED Act) has an…
RBI issued a new notification regarding credit-debit card, now the customers will do as they please, order issued
Reserve Bank of India (RBI) said in a circular that on review, it was found that some of the arrangements…
Core industries growth skids to 20-month low of 4% in June
High base effect, onset of monsoon among reasons for moderation in overall output growth, say experts. Pulled down by a…
Fiscal deficit shrinks to 8.1% in April-June quarter
Thanks to lower expenditure and record transfer from RBI. Lower expenditure because of Model Code of Conduct and record transfer…
Industry body urges FM to continue 45-days MSME payment rule for buyers
SME Chamber of India argues that provision serves as incentive for companies to adhere to payment timelines, thereby supporting MSMEs’…
RBI’s new norms on wilful defaulters to come into effect from Nov 1
“Wilful defaulters or any entity with which a wilful defaulter is associated shall not be eligible for restructuring of credit…