No more GST compensation needed, Centre to tell states
The central government is likely to tell states at the next meeting of the Goods and Services Tax (GST) Council…
Category: Media
Technical glitches in GST portal leave dealers worried
Technical glitches in the Goods and Services Tax (GST) portal for the last four days have left dealers worried about…
Cryptocurrencies may soon attract 28% GST like betting and casinos in India
The Goods and Service Tax (GST) Council is likely to consider levying 28 percent GST on cryptocurrencies. The government’s view…
E-way bill generation dips in April; may hit May’s GST collection
Generation of e-way bills, which are needed to ship goods within and across states, eased a notch in April, suggesting…
CGST Nashik arrested a Proprietor for GST evasion by availing fraudulent ITC of Rs. 27.88 Cr.
M/s Hira Steel, Nashik is engaged in the business of trading of steel and scraps. The officers of the Nasik…
GST Council to recommend filing of Annual Stock statement
To curb fake invoicing and tax evasion, GST Council is going to recommend filing of Annual Stock Statement by registered…
Punjab tax officers told to clear pending VAT, GST cases by June end
The Punjab taxation commissioner also directed the officers to meticulously complete assessment cases by September end, and not to wait…
Wrongful availment of ITC: Chhattisgarh HC refuses bail
The Chhattisgarh High Court bench headed by Chief Justice Arup Kumar Goswami and Justice Gautam Chourdiya has refused to grant…
CBDT aims to lift tax-GDP ratio to 15-20% form the current 12%
India’s net direct tax collections amounted to Rs. 14,09,640.83 crore for FY 2022, which is the highest collection ever, signaling…
Big opportunity to rectify the mistake in Income Tax return file
The Income Tax Department has issued a new form for filing updated IT returns. In this, the taxpayer has to…