Common GST audit manual on the cards
The Goods and Services Tax (GST) Council is likely to consider in its meeting on Saturday uniform practices for GST…
Month: February 2023
Govt. likely to place reverse charging of GST on scrap before Council
The government will consider and then place industry’s demand to shift the GST levy on purchase of scrap metal to…
GST Council meeting tomorrow
The 49th meeting of the GST Council is scheduled to be held in Delhi on 18 February, Saturday. Chaired by…
CBDT specified TN Govt officials as the authority for sharing info about taxpayers
The Central Government specifies ‘Secretary (Information Technology & Digital Service Department), Directorate of e-Governance, Government of Tamil Nadu’ for the…
India Looks to Tap Kirana Stores to Boost Tax Base, Says Report
The government is planning to widen its goods and services tax (GST) by tapping a section of mom-and-pop stores, a…
A day ahead of GST Council meet, Amit Mitra asks FM to address MSME crisis
Amit Mitra, the West Bengal CM’s Principal Chief Advisor, has written to Finance Minister Nirmala Sitharaman on Friday (February 17),…
Raise GST exemption threshold to Rs 1.5 cr, do away with state-wise registration of biz
The Goods and Services Tax Council should consider raising the GST exemption threshold to Rs 1.5 crore annual turnover and…
GST Council will take a call on cement rate change
Finance Minister Nirmala Sitharaman on Friday said that any rate change on cement will be decided by the Goods and…
Income Tax Calculator – old regime vs new regime
Income tax portal has published a income tax calculator to show tax saving in new regime. https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-bill-2023.aspx
Revenue department cannot initiate assessment proceedings once moratorium order has been passed by NCLAT
The Hon’ble Madras High Court in Tvl. ITNL-KMB (J.V.) v. The Deputy Commissioner of (ST), [W.P. Nos.2850 and 2852 of…