The Comptroller and Auditor General’s comments that the Centre has wrongly retained Rs 47,272 crore of GST compensation cess meant for states could become a major topic of debate during the upco...

The Calcutta Municipal Corporation will roll out a penalty and interest waiver scheme for property tax defaulters from October, Firhad Hakim, the chairperson of the CMC’s board of administrators...

Parliament on Tuesday passed amendments to the Banking Regulation Act to bring co-operative banks under the supervision of the RBI, a move aimed at protecting the interest of depositors. The bill repl...

The committee felt that the current law governing the taxation of long-term capital gains is “highly complex” due to varying tax treatment of income from capital gains based on varied para...

Opposition parties have sought a discussion in Lok Sabha on the issues of economic slowdown, unemployment and standoff between Indian and Chinese forces during a meeting of floor leaders of the House ...

The Centre has declared the Covid-19 pandemic as an “act of god”. Does this imply that the force majeure clause can be invoked to cover contractual obligations? The term, fo...

The number of states opposed to the Centre’s GST compensation policy far outnumber those in favour, but a tilted voting rule may see the Centre carry the day at the GST council meeting on Thursd...

Jharkhand chief minister Hemant Soren has written to Prime Minister Narendra Modi on the Centre not giving full GST compensation to states, saying this “act of sovereign default” runs agai...

The Calcutta Municipal Corporation (CMC) is likely to introduce next month a scheme to waive interest accrued on unpaid property tax if allowed by the state government, an official of the civic body s...

Kerala chief minister Pinarayi Vijayan has written to Prime Minister Narendra Modi urging him to advise the finance ministry not to transfer the burden of GST on the states and instead follow the comp...