NEW DELHI: Having detected frauds of close to Rs 50,000 crore, the Centre is looking to tighten processes, including those related to claiming input tax credit (ITC), and will focus on getting states to okay plans to shut down leaks and evasions at this week’s GST Council meeting.
Mumbai: India’s central bank had been buying dollars for seven consecutive months even when the rupee had been under pressure.
If you want to understand the present, look to the past. All the talk right now in apparel supply chains is of new technology, automation and robots potentially replacing humans.
In a bid to give a fillip to the formal economy and curb the menace of fake invoices, the upcoming goods and services tax council is going to consider the proposal to extend discounts/ cash-backs for taxpayers making digital payments using the quick response (QR) code facility.
Every November 2016 saw a huge shift in the digital finance space after the government announced that Rs 500 and Rs 1,000 notes would lose legal validity.
The Goods and Services Tax Network (GSTN) on Friday released two forms-- ANX-1 and ANX-2--for simplified online returns.