Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...

Everyone is talking about the budget. But there’s something important outside of it that the government should also think about — GST! GST (Goods and Services Tax) was supposed to make taxes simple.

This Article covers the aspect of taxation regime for cryptocurrency in the light of the widespread use and tensions arising because of lack of regulations for the same. Recently, cryptocurrencies ...

The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.

The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST aimed to dismantle the complex, multilayered national tax structure and replace it with a more ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments when issuing a credit note. This change aims to prevent revenue leakage ...

Expectations: Union Finance Minister will present Budget 2025-26 tomorrow (February 1, Saturday) in the Parliament. This will ...

Legal Debate At Tipping Point Over Notification Extending GST Deadline. Legal News and Analysis - India - Tax - Conventus Law ...

GST registration is mandatory for businesses exceeding a turnover of ₹40 lakh (₹10 lakh for special category states).