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LATEST NEWS  : The government may review the requirement of filing at least three returns every month under the GST regime with a view to easing compliance burden of taxpayers, officials said. Presently, businesses have to file returns in GSTR-1, GSTR-2 and GSTR-3 forms for every month. These forms detail outward supplies of taxable goods and/or services, inward supplies for claiming input tax credit and monthly return. The review follows businesses complaining problems in matching invoices while filing July returns. "There will be a review of the norms to file GSTR-1, 2 and 3. Businesses have complained of trouble in invoice matching while filing GSTR-2. It would be reviewed whether matching of invoices would be pursued in the coming months," a senior government official told PTI. Under the Goods and Services Tax (GST) regime rolled out from July 1, the government has allowed businesses to file initial returns and pay taxes by filing up form GSTR-3B by th...

Fitness enthusiasts, take note! Exercising on an empty stomach may help burn more body fat and fuel your metabolism, boosting your health in the long run, a new study has found. Researchers from University of Bath in the UK studied a group of overweight males. The volunteers walked for 60 minutes at 60 per cent maximum oxygen consumption on an empty stomach, and on another occasion for two hours after consuming a high-calorie carbohydrate-rich breakfast. The team took multiple blood samples after eating or fasting and after exercising. They also collected adipose tissue samples immediately before and one hour after walking. Gene expression in the adipose tissue differed significantly in the two trials, researchers said. ALSO READ :Fit & Proper: When weight affects the joints They found that the expression of two genes, PDK4 and HSL, increased when the men fasted and exercised, and decreased when they ate before exercising. The rise in PDK4 likely indicates that stored ...