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GST

E-way bill generation to be blocked for businesses that don’t file...

The finance ministry has brought about a new rule under the Goods and Services Tax (GST) according to which businesses that do not file returns for two...

Government likely to push RBI to ease lending restrictions for banks...

The Government of India is likely to push the Reserve Bank of India (RBI) to ease the lending restrictions imposed on certain public sector...

Government hikes import duty on 17 items

The central government, in a bid to reduce the current account deficit and bring a halt to the falling rupee, has hiked the import...

Import duty hiked for 19 non-essential items to narrow current account...

The government has announced a hike in import duty for about 19 non-essential consumer items including air conditioners, washing machines, gemstones, artificial diamonds, etc....
GST

Last date for filing GSTR-1 extended to October 31

The Finance Ministry, on Monday, extended the due date for taxpayers to furnish GST Return-1 for the period of July 2017 to September 2018,...

Finance Ministry tells PSB heads to check NPA accounts

With an increase in the number of instances of banks being cheated, the Finance Ministry recently issued a warning to the chief executives of...

Cash crunch: Just one-fifth of ATMs across the country can dispense...

If the citizens of India thought that the cash crunch following the demonetisation move by the Modi-led Government in 2016 was a thing of...

Finance Ministry wants state governments to cut VAT/sales tax on fuel

The Finance Ministry is not going to cut excise duty on diesel and petrol prices which will otherwise offer relief to the consumers. Instead,...

RBI’s One-Day Default Rule Could Be Reviewed by Finance Ministry

The Reserve Bank of India is being pressed by the Ministry of Finance to review the one-day default rule it had created, due to...

Government Reopens Case to Restructure IDBI Bank

The Ministry of Finance is revisiting plans for the restructuring of IDBI Bank. It is considering selling government stake to private entities in an...