GST Council to take a call on converting GSTN into a govt-owned company

GST Council to take a call on converting GSTN into a govt-owned company ‘Hiring and firing’ was faster since it was a private company says GSTN CEO Prakash Kumar Amid data security concerns, the GST Council will take a call on converting GST Network (GSTN), the IT backbone of the indirect tax system, into a […]

Continue Reading

RBI asks listed firms to provide FPI data to depositories by May 15

RBI asks listed firms to provide FPI data to depositories by May 15 Currently, the RBI receives data on investment made by foreign portfolio investors (FPIs) and non-resident Indians (NRIs) on stock exchanges from banks, based on which restrictions beyond a threshold limit is imposed on such investments in listed Indian companies The Reserve Bank […]

Continue Reading

Firms to challenge input tax credit notices, revenue department’s stand

Firms to challenge input tax credit notices, revenue department’s stand According to Cenvat rules, companies have to reverse input tax credit on exempted turnover arising out of non-core businesses Some of the companies that have received notices to reverse input tax credit in service tax are planning to challenge the revenue department’s stand at the […]

Continue Reading