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Source: Economic Times dated 09.02.2022 A BSE listed company, Suumaya Corporation, has dragged the government and the indirect tax authorities to court over similar tax demands by the state and central Goods and Services Tax (GST) departments. The company, which…
Source : Indian Express dated 09.02.2022 During the Zero Hour discussion in the Rajya Sabha on Tuesday, BJP leader Sushil Modi raised the issue of crypto currencies. Notably, Finance Minister Nirmala Sitharaman had announced during her Budget speech last week…
Source Livemint dated 04.02.2022 The government will levy goods and services tax (GST) on the service fees on cryptocurrency transactions, not the digital asset’s gross value, two finance ministry officials said. However, the finance ministry has yet to work out…
Source Times of India dated 04.02.2022 The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15% has been extended by a year till March, 2024, revenue secretary…
Source : Times of India dated 06.02.2022 The Centre will move the issue of bringing aviation turbine fuel (ATF) under the GST net for discussion in the next meeting of the GST Council, finance minister Nirmala Sitharaman said on Sunday,…
Source : Indian Express dated 04.02.2022 The anti-evasion wing of Central Good and Services Tax (CGST) in Thane arrested a couple, who are owners of a city-based firm, for alleged tax evasion of Rs 12.23 crore on Thursday. The 50-year-old…
Source: Live Mint dated 08.02.2022 The Central Board of Indirect Taxes and Customs (CBIC) is set to scale up scrutiny and departmental audits of risky taxpayers to improve goods and services tax (GST) collections while using data and technology to…
Source Link Companies can update tax returns within two years of the end of the assessment year under a new scheme proposed in Finance Bill 2022, but if any misuse is noticed, the government will limit its use to select…
Source Twitter Industry bodies send representations to GST Council nominated GOM on rate rationalisation. Sectors like Textiles, agriculture and food commodities, FMCG goods, services seek status quo on rates . Bommai panel to soon call next GOM to discuss GST…
Source Link The Delhi high court has given an interim relief to a Singapore-based subsidiary of Google in its tax dispute with tax authorities in India. The court has allowed Google Asia Pacific Pte Ltd to receive payments to the tune of Rs 1106.41 crore from Google Cloud India after…