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Controversial retrospective tax law scrapped after long wait: Here s what it means

Controversial retrospective tax law scrapped after long wait: Here s what it means
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GST Council Meet On May 28 May Discuss Tax Cut On Covid-Related Items

Centre extends timelines for compliances under Income-tax Act amid COVID-19 pandemic

New Delhi [India], May 20 (ANI): The Centre, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the severe Covid-19 pandemic, has decided to extend timelines for compliances under the Income-tax Act, 1961 (hereinafter referred to as "the Act") after consideration of representations received from various stakeholders, said the Union Finance Ministry on Thursday.

Nirmala Sitharaman to chair 43rd GST Council meeting on May 28

Nirmala Sitharaman to chair 43rd GST Council meeting on May 28 Top Searches Nirmala Sitharaman to chair 43rd GST Council meeting on May 28 PTI / May 15, 2021, 16:30 IST FacebookTwitterLinkedinEMail Union finance minister Nirmala Sitharaman NEW DELHI: Amid a growing chorus over the GST Council meeting not being convened for over seven months, the Union Finance Ministry on Saturday announced that the next meeting of the panel that decides on taxes on goods and services will be held on May 28. After over a dozen central and state levies such as excise duty, service tax and VAT were subsumed in a nationwide Goods and Services Tax (GST) in 2017, the Council, headed by Union Finance Minister and including representatives of all states and union territories, was mandated to meet every quarter to deliberate on issues at hand.

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