CBIC Chairperson inaugurates GST Bhawan at Rohtak, Haryana
Shri Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes and Customs (CBIC), inaugurated the GST Bhawan, an official complex of CGST Rohtak Commissionerate at Rohtak, Haryana.
Category: Press Release
CBIC invites suggestions on draft ‘Central Excise Bill, 2024’ in pre-defined format from stakeholders by 26th June 2024
CBIC invites suggestions on the draft ‘Central Excise Bill, 2024’ from stakeholders by 26th June 2024.
Gross GST revenue collection in May 2024 stands at Rs.1.73 lakh crore
The gross Goods and Services Tax (GST) revenue for the month of May 2024 stood at Rs.1.73 lakh crore.
CBDT releases new functionality in AIS for taxpayers to display status of information confirmation process in real-time
The Annual Information Statement (AIS) is available to all registered Income Taxpayers through the compliance portal, accessible through the e-filing website (www.incometax.gov.in). AIS provides details of a large number of financial transactions undertaken by the taxpayer which may have tax implications. AIS is populated based on the financial data received from multiple information sources.
Union Finance Minister administers Oath of Office to the first President of GST Appellate Tribunal in New Delhi
Union Finance Minister Smt. Nirmala Sitharaman administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first President of GST Appellate Tribunal in New Delhi
ICAI seeks tax incentives for entities engaged in green energy projects
Chartered accountants’ apex body ICAI has proposed separate deduction of expenses related to education of a girl child in the tax regime as well as tax incentives for entities engaged in green projects and skill development activities. The Institute of Chartered Accountants of India (ICAI) has submitted its Pre-Memorandum 2024 to the Central Board of Direct Taxes (CBDT). The full budget for the current financial year 2024-25 will be presented by the new government.
GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore
The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at Rs.2.10 lakh crore.
CBDT extends due date for filing Form 10A/ 10AB
The Central Board of Direct Tax (CBDT), has issued Circular No. 07/2024 dated 25.04.2024 further extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 (the ‘Act’) upto 30.06.2024.
Net Direct Tax collections (provisional) for FY 2023-24 exceed Union Budget Estimates
The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore in the preceding Financial Year i.e. FY 2022-23, representing an increase of 17.70%.
CBDT signs record number of 125 Advance PricingAgreements (APAs) in FY 2023-24
The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) in FY 2023-24 with Indian taxpayers.