A top official, when asked whether the government was considering to roll back the proposed Merchant Discount Rate charges on UPI transacti...

In 1824, an English engineer invented the first working electromagnet laying the foundation for modern electrical engineering. William Stur...

The title of this series sounds binary. The businesses rarely are. Between a multibagger and bankruptcy lies a large middle ground where co...

Educated youth face a challenging job market with fewer middle-skill opportunities. Many new jobs are in low-productivity agriculture or in...

Dubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...

Sometimes the real market story is not in the headline index. The Nifty and Sensex can be under pressure, and yet, below them, mid- and sma...

The Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality ...

The Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...

KPMG Indirect Tax Head & Partner Abhishek Jain said the amendments proposed are aligned with the apex court's ruling in the case of Mohit M...

The survey, conducted by community platform LocalCircles in which over 4,400 entrepreneurs participated, found that 11% of respondents were...

The mechanism, an anti-tax-evasion measure to ensure transactions by unregistered people don’t escape tax, was to kick in from July 1 this ...

The GST Council had suspended the provision for deduction of TDS and collection of TCS, as well as implementation of reverse charge mechani...

The ministry, in a statement said, doubts are being raised about the manner of filing the quarterly return by composition dealers in Form G...

"A total of 8.10 lakh returns were filed by Composition Dealers paying a total of Rs. 335.86 crores as GST," said Ministry of Finance in a ...

Under the reverse charge mechanism, a person receiving goods or services collects the GST levied and deposits the tax with the government.

“We are slowly tightening the noose and these two steps alone will help us increase our collections by around 25%,” said a senior governmen...

However, if an unregistered supplier of gold ornaments sells it to registered supplier, the tax will apply under reverse charge mechanism.