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As many as 16 states and Union territories, mostly smaller states except for Bihar and Odisha, did not receive any compensation when the Centre released Rs 86,912 crore in mandated relief to states for April-May 2022, along with arrears, on…
The Rajasthan Anti-Corruption Bureau on Tuesday arrested a Central Goods and Services Tax (CGST) officer in Bharatpur district with bribe money of ₹ 4 lakh, according to an official statement. A complaint was received alleging that CGST Superintendent, Alwar, Dhanraj…
Goods and Services Tax (GST) receipts of the central and state governments are set to further moderate in June after scaling a historic high in April riding on financial year end spike in sales, showed data on e-way bills. The…
The GST council will take a decision on the demand by Goa and other smaller states on continuing with compensation cess, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said. The Union government is relying increasingly on…
The Gujarat Goods and Services Tax (SGST) department conducted searches on hotels, resorts and booking agents operating in and around Sasan-Gir National Park and found tax evasion to the tune of Rs 11.97 crore. The teams from the department searched…
Amit Mitra, principal chief advisor to Chief Minister and Finance Department of West Bengal government, has urged Union Finance Minister, Nirmala Sitharaman, to continue to provide goods and services tax (GST) compensation to the states for the next 3 to…
BBMP Chief Commissioner Gaurav Gupta on Friday said that all methods are being adopted to bring defaulters into the tax ambit. He said drones and even GST numbers will be used to check on them. Speaking to the media on…
Finance Minister Nirmala Sitharaman on Wednesday said India’s fundamentals are once again sound on the back of steps taken by the government since 2014, including reducing the corporate tax, ensuring the digitisation of the economy, and bringing in the GST…
It is not uncommon for co-operative housing societies (CHS) in Mumbai to seek transfer fees on sale of a flat, exceeding the stipulated Rs 25,000. While some societies outright seek a higher transfer fee, others ‘welcome’ an additional payment, which…
Several companies, including builders, are turning to dubious consultants to generate unaccounted cash by creating fake bills that provide input tax credit against payment of Goods and Services Tax (GST). These entities have now come under the scanner of the…