The Central Board of Excise and Customs has exempted service-tax on services provided by Government or a local authority. The ministry has inserted new entries after entry 53 exempting services provided by Government or a local authority by way of is

Directorate General of Foreign Trade has introduced a new definition of e-commerce in Chapter 9 of the Foreign Trade Policy. The new definition reads as follows:- “e-commerce means buying and selling of goods and services, including digital pro

CBEC: Central Board of Excise and Customs has issued CENVAT Credit (Fourth Amendment) Rules, 2016. The amended rules substituted clause (i) of sub-rule (3) of rule 6 of CENVAT credit rules, 2004 whereby the manufacture shall now pay an amount equ

Unified Payment Interface (UPI) – The UPI is a system for instant, online bank payments.  To send money to someone, you need to know only their UPI ID - a virtual identity like an email address. This could be your name, or your ph