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Consulting engineering companies are engaged in the service sector and totally dependent for survival on timely receipt of dues from the clients

Consulting & services sector urge Centre to re-look at GST collection regime

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Delay in receipt of dues from clients adversely affects these organizations The consulting and services sector has urged the Centre to re-look at the Goods...
The IMA also recommended creating a special welfare fund for doctors in general and for the "COVID-19 martyrs" in particular

Ahead of the budget presentation, Indian Medical Association puts forward demands to govt

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Budget 2023: IMA says deficit funding is the most important cause behind the lack of penetration of the AB-PMJAY In its proposal to the government...
India will benefit from preferential market access provided by Australia on 100 percent of its tariff lines

India-Australia Economic Cooperation and Trade Agreement comes into force

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Additional 10 lakh jobs would be created in India under the ECTA: Commerce and Industry Minister Piyush Goyal The India-Australia Economic Cooperation and Trade Agreement...
Assets amounting to Rs 289.28 crore have been seized under section 37A of the Foreign Exchange Management Act, 1999

Proceeds of the crime of over Rs.1000 cr of cyber and crypto assets frauds...

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ED investigating several cases related to cyber and crypto assets fraud On Monday the Central government informed the Lok Sabha that proceeds of crime of...
CCPA concludes that pricing covers both production and service costs and hence a separate service charge is not needed

Consumer Protection Authority bars hotels and restaurants from levying service charges

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The new guidelines against ‘service charge’ Reacting to numerous complaints from consumers, India’s Central Consumer Protection Authority (CCPA) on Monday barred hotels and restaurants from...
Pizza toppings are sold as a type of ‘cheese topping’ but contain vegetable fat in substantial portions, the Haryana AAAR said

‘Pizza topping is not just pizza, so it will result in a higher GST...

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Pizza toppings prepared differently, should be charged 18% GST The Haryana appellate authority for advance ruling (AAAR) has ruled that a pizza topping is not...
The investigating team had initially detected five firms that were availing and utilising fake Input Tax Credit of Goods and Services Tax

CGST officials bust syndicate of firms involved in tax evasion of Rs.85 crore

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Fake GST Input Tax Credit (ITC) racket busted by CGST Delhi officials In a major crackdown on GST evasions, the CGST Delhi East Commissionerate officials...
Fraudulent entities generate GST value of about Rs.220 crores and an inadmissible amount of Rs.34 crores

GST officers bust Rs.34 crore input tax credit fraud on specific inputs

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Input tax credit fraud of Rs.34 cr through bogus GST invoices unearthed The Finance Ministry mentioned on Sunday that the GST officers have unearthed Rs.34...
The Revenue dept clears the confusion about certain categories of services for GST rates and the exemptions

Revenue dept clarifies GST rates and exemptions on certain services

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GST rates: Confusion for taxpayers than bringing in simplicity To clear the confusion created by differential tax rates and their applications, the Revenue Department has...
The third-party sellers have long accused Amazon of similar anti-competition behaviour

Report reveals how Amazon’s secretly exploited internal data, goofed up search results, copies products...

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Amazon rigged results, copied products to promote its own brand in India Amazon.com Inc has been repeatedly accused of knocking off products it sells on...

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