Knowledge Source

Unregistered Packaged Food to Attract 5% GST

  Government has decided to levy a 5% Goods and Services Tax (GST) rates on

Clarifications on Virtual Digital Assets Soon

  The government is expected to issue detailed clarification over virtual digital asset (VDA) this

VPN and Cloud Services Banned for Government Employees

  The Indian Government has restricted its employees from using third-party virtual private networks (VPN)

IBBI Eases Complaint Redressal Mechanism

The Ministry of Corporate Affairs has informed that in order to facilitate complaint handling procedure,

Voluntary Payments by Members to Housing Societies Attract GST: AAR

  An Authority for Advance Ruling (AAR) has ruled that Goods and Services Tax (GST)

IBBI Amends Insolvency Resolution Process for Corporate Persons

  The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy

WhatsApp to Add Another Verification Code to Prevent Fraud

  WhatsApp is working on a new feature that adds an extra layer of security

RBI Directs Banks to Produce Compliance’s Report to the Board within 3 Months

  The Reserve Bank of India (RBI) has advised banks to carry out a review

Wholesale Price Inflation Recorded to New High of 15.9%

India’s wholesale prices index (WPI) based inflation has hit a fresh record high of 15.88%

EPFO May Increase Equity Investment Limit From 15% to 25%

  The Employees’ Provident Fund Organization (EPFO) is expected to increase its equity investment limit

Government to Spread Tax Literacy Through Games, Puzzles and Comics

  The Central Board of Direct Taxes (CBDT) has brought out products to introduce concepts

Income Tax Returns Shows Growth in FY 22: CBDT

  The Central Board of Direct Taxes (CBDT) chairman Sangeetha Singh has said that the

OECD Cuts India’s GDP Forecast to 6.9% from 8.1%

  The Organisation for Economic Cooperation and Development (OECD) has cut the economy growth for

GST on Lithium-ion Batteries May be Reduced to 5%

  The Government is planning to cut the Goods and Services tax (GST) on lithium-ion

RBI to Introduce Regulatory Architecture for Digital Lending Platforms

  The Reserve Bank of India will frame a regulatory architecture for digital lending platforms

No Change in TDS Rate on Virtual Digital Asset

  The Income tax department has clarified that the Tax Deduction on Source (TDS) on Virtual Digital Assets (VDA)