Updates

Release date: 30.01.2023 1. With reference to the circular https://cbic-gst.gov.in/pdf/circular184.pdf a new validation has been incorporated. For all B2B transactions, ...
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Letter of Undertaking (LUT) application for F.Y. 2023-24 can be filed any time now in GSTN. The author has seen ...
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There was amendment in sec 75(12) of the Central Goods and Services Tax Act, 2017 (“the CGST Act”), which were ...
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03/09/2022 Hon’ble Supreme Court while hearing an application from GSTN, has allowed extension of 4 weeks time to comply with ...
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A lot of people are still not clear about GST rates on certain goods and services and there are a ...
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Amendment of Section 10 – The proposed amendment will allow the composition dealers to make supply of goods through e-commerce ...
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Union Budget 2023-24 is presented on 01.02.2023 by Hon'ble Finance Minister. Customs Duty rate has been amended vide following Notificaitons: ...
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Union Budget 2023 was delivered today by Hon'ble Finance Minister. In the indirect tax part, GST Law is being amended ...
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The Budget 2023 will be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1. The first part ...
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1. Raising the minimum threshold for launching prosecution under GST from Rs. One Crore to Rs. Two Crores, except for ...
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Ahead of the Union Budget for the financial year 2024, the Indian Medical Association has proposed a slew of demands ...
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Tamil Nadu was among the top five GST compensation receiving States during the five-year transition period from July 2017 to ...
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Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Monday said he was planning to send a number of proposals to ...
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Punjab registered a record increase in GST and excise revenue, said Cabinet Minister Harpal Singh Cheema after unfurling the Tricolour ...
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The LDF government’s emphasis on spurring economic activity and welfare-oriented measures will be reflected in the 2023-24 State Budget as ...
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A revival in betel leaf export from India has been marred by the imposition of 18 percent Goods and Services ...
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Businessmen having transferred their plots in MIDC’s industrial estates to others may soon have the taxman knocking at their doors ...
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In an interim order, the Rajasthan High Court has stayed the show cause notice issued to MyTeam11 by the Directorate ...
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The government may use the goods and services tax (GST) compensation cess for a clean energy fund to help access ...
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Monthly generation of e-way bills or electronic permits required for shipment of goods within and across states has shot up ...
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The High Court on Monday issued notices to Telangana and the authorities of its tax regime, seeking answers from them ...
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A special court here on Thursday remanded an income tax officer to two-day custody of the Central Bureau of Investigation (CBI) after he was arrested for allegedly demanding a bribe of Rs 10,000 for cancelling a PAN (permanent account number) card of a Mumbai resident. The accused, Umesh Kumar, was arrested ...
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Individual taxpayers need to be incentivised to migrate to an exemption-less income-tax regime, Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister, told ET, pegging India to grow at about 6.5% in the next fiscal. According to Debroy, the government’s capital expenditure focus will continue in FY24 while ...
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The sleuths of the Central Bureau of Investigation (CBI) on Wednesday arrested a tax assistant of the Income tax department red handed while accepting a bribe of Rs 15,000 at the Industrial township Parwanoo. A team of CBI following a complaint of the management of a business firm laid a trap ...
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The Central Bureau of Investigation (CBI) arrested nine Income Tax (I-T) officers in Maharashtra’s Nagpur for allegedly joining the department without appearing for the mandatory examination conducted by the Staff Selection Commission. The anti-corruption branch of the CBI arrested the nine accused officers on Monday. An offence was registered in 2018 ...
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The Centre’s direct tax collections, net of refunds, have increased by over 24% on year in the first eight months of the current fiscal, indicating continued revenue buoyancy and recovery in economic activities. The collections amounted to Rs 8.77 trillion between April and November 30 this fiscal, registering a 24.26% growth ...
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Your Permanent Account Number (PAN) is likely to become the only identification needed for seeking different clearances and approvals from the central and state departments for your business. The Centre has announced that it is planning to allow businesses to use the PAN instead of other data as a unique identifier ...
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The Income tax Department is likely to reopen old cases related to land deals and redevelopment where entities tried to escape paying taxes amounting to crores by using the ambit of partnership firms. The Supreme Court (SC) last week plugged this loophole which allowed entities to evade tax by saying that ...
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The income-tax department has issued instructions to ensure taxpayer grievances about adjustment of tax dues against pending refunds are resolved quickly to check avoidable litigation. The tax department has told its top officers, including all principal chief commissioners, that it observed instances of incorrect adjustment of outstanding tax demands against tax ...
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Revenue Secretary Tarun Bajaj on Tuesday said that the personal income tax regime needs a complete reinvent and government should come up with something new and only one regime rather than having two regimes. “The aim should not be to increase the tax rates, even if it is revenue neutral or ...
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A Dravida Munnetra Kazhagam (DMK) functionary has moved a plea before the Madras High Court’s Madurai Bench seeking an income tax exemption for persons earning less than Rs 8 lakh annual income. The petition filed by A Kunnur Seenivasan, a member of the Assets Protection Council of DMK, said that a ...
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