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The Income Tax Department receives information of specified financial transactions of taxpayers from various sources. To increase transparency and to promote voluntary tax compliance, this information is reflected in the Annual Information Statement (AIS) module and is available to the…
Marking a significant step in strengthening the enforcement mechanism in Goods and Services Tax (GST), the Department of Revenue under the Ministry of Finance is organising a National Conference of Enforcement Chiefs of all State and Central Goods and Services Tax (GST) formations…
Bengaluru: Union Finance Minister Nirmala Sitharaman on Wednesday hailed Bengaluru tax payers for their contributions in building a strong and ‘Viksit Bharat’, and said the Department of Revenue is running its entire national faceless income tax assessment scheme for Karnataka’s…
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually presided over the handing-over ceremony of the antiquities seized by Customs to the Archaeological Survey of India (ASI) conducted by the Central Board of Indirect Taxes and Customs (CBIC),…
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Electronic Data Interchange (EDI) at Land Customs Stations (LCS) of the North East Region (NER), via virtual mode in New Delhi today. With these remote LCS getting EDI-enabled,…
The Electronic Cash Ledger (ECL) shall be the mode of payment of Import duties for goods imported through International Courier terminals from 01st March 2024. With the introduction of ECL, Express Industry can make payment through multiple banks as per convenience…
In a drive against illegal import of Foreign Origin Cigarettes and other contrabands, the Customs Commissionerate, Indore in Bhopal Zone destroyed 40.86 Lakh Sticks of Foreign Origin Cigarettes at Raipur, Chhattisgarh today. Along with cigarettes, 2000 numbers of Foreign Origin…
CBDT issues Press Release on implementation of e-Verification Scheme-2021. Income Tax Department has identified certain mismatches between the information received from third parties on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers. In many cases,…
On the lines of continuous endeavor to provide Ease of Doing Business in pursuance to Union Budget Announcement 2023-24, Central Processing Centre (CPC) has been established to process forms filed as part of various regulatory requirements under Companies Act and…
The Central Goods and Services Tax (CGST), Central Excise and Customs, Bhopal Zone, organised an All Chief Commissioners’ Conference on Customs matters at Bhopal, Madhya Pradesh on 15-16 February, 2024. Shri Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes…