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While the focus on self-reliance is laudable, a single-minded promotion of the idea could have a large long-term impact.
The Government notified the implementation of e-invoice from October 1 which will mandate all large corporates having GST aggregate turnover of more than ₹500 crore to register all tax invoices details on a centralised portal.
With a view to remedy the hardships faced by the taxpayers, the Government announced certain steps that are proposed to be taken to improve the overall compliance framework.
MCA allows R&D spend on Covid-19 vaccine, drugs to be adjusted against CSR obligations
A quick look at the tax compliances applicable for an individual taxpayer, which are simpler and completed through the electronic mode.
Companies need to apply if they want more time to hold meetings beyond due date, says MCA
Organisations that seek to reinvent themselves need to take a comprehensive view of their aspirations, architect the right elements for transformation and then embark on the ‘change journey’ in a systematic manner.
The taxpayers' charter not only enlist the tax department's commitment towards taxpayers but also the department's expectations from the taxpayers. While how effective the charter this time around is can be found in details, it will primarily depend on its legal status