Taxation

Budget 2019: 80 business incubators, 20 technology incubators to be set up in 2019-20

In 2019-20, under Government’s flagship rural entrepreneurship focused ASPIRE Scheme ( A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship), 80 livelihood business incubators and 20 technology business incubators will be set up to produce 75,000 skilled entrepreneurs in agro-rural industries, announced the Finance Minister Nirmala Sitharaman while presenting…

GST council to introduce new GST return system

NEW DELHI: Businesses will be able to use the new return filing forms under Goods and Services Tax (GST) on a trial basis for three months beginning July, the government said, spelling out the transition plan for the new tax return filing system on Tuesday. Currently, companies and businesses have…