Artillery import embargo put off, doors open for Rs 23,700 cr Israeli guns

With the ATAGS priced at about Rs 15 crore per gun, an order for 1,580 ATAGS would generate business worth Rs 23,700 crore for the Indian defence production eco-system …

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The government has laid out the plan to kickstart the economy. Now the real work begins

The economy may have bounced back from the first quarter, but GDP is well below last year and there is real worry the recovery could fizzle out….

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CBIC tightens noose on those issuing fake GST invoices without Aadhaar

Those who have been given registration without Aadhaar authentication would be taken as deemed registration. …

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E-commerce companies violating FDI policy, need empowered regulatory authority, claims CAIT

E-commerce companies violating FDI policy, need empowered regulatory authority, claims CAIT…

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Big relief for mid-scale companies, government postpones QR code requirements to March end next year

The government on Sunday said that it is postponing the requirement to generate and then use QR code for all business to customer (B2C) transactions. …

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Industry highlights flaws in Pesticides Management bill, seek more scrutiny

CCFI has claimed that the Pesticides Management Bill 2020 has over a dozen drawbacks and the proposed legislation should be sent to a select committee of Parliament. …

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GST fake invoice menace: CBIC issues SOPs for tax officers

The Central Board of Indirect Taxes & Customs (CBIC) has come out with Standard Operating Procedure (SOP) ‘instructions’ to be followed by tax of …

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CBIC waives penalty on QR code on e-invoices till March 31, 2021

QR code for B2C transactions is meant to encourage digital payments by the buyers but can potentially be used to check tax leakages as well. It would have an impact on all consumer facing businesses including retail, restaurants, hotels and so on. …

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