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The Department of Revenue (DoR), Ministry of Finance has invited applications for appointment to the posts of the Judicial Members, Technical Members (Centre) and Technical Member (State) in the Principal bench and States benches of GST Appellate Tribunal (GSTAT). GSTAT…
The provisional figures of Direct Tax collections continue to register steady growth. Direct Tax collections up to 10th February, 2024 show that gross collections are at Rs. 18.38 lakh crore which is 17.30% higher than the gross collections for the corresponding…
Interim Budget Session, 2024 of Parliament, which commenced on Wednesday, the 31st January, 2024 has been adjourned sine die today, the 10th of February, 2024. Union Minister of Parliamentary Affairs, Coal and Mines Shri Pralhad Joshi held a press conference today after…
The Directorate General of GST Intelligence (DGGI), Central Board of Indirect Taxes and Customs (CBIC) has recently noticed that some individuals with fraudulent intent are creating and sending fake summons to the taxpayers who may or may not be under…
Income Tax Department initiated search and seizure operations in the case of a Politically Exposed Person (PEP), his close associates and few Government officials on 31/01/2024. One of the close associates of the PEP is engaged in the business of…
DGGI detects 1,700 fraudulent ITC cases involving Rs. 18,000 crore with 98 arrests in Financial Year 2023-24 (up to December 2023) In the current Financial Year 2023-24 (up to December 2023), 1,700 fake ITC cases involving Rs. 18,000 crore have…
The Central Board of Direct Taxes (CBDT) vide Notification No. 19 of 2024 dated 31.01.2024, has notified Income-tax Return Forms (ITR Form) – 2, 3 and 5 for the Assessment Year (A.Y.) 2024-25. Further, vide Notification No. 16 of 2024…
The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the continuation of Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for export of Apparel/Garments and Made ups upto 31st March 2026. Continuation of Scheme for proposed…
The gross GST revenue collected in the month of January, 2024 (till 05:00 PM of 31.01.2024) is Rs.1,72,129 crore, which shows a 10.4% Year-o-Year (Y-oY) growth over the revenue of Rs.155,922 crore collected in January 2023 (till 05:00 PM on 31.01.2023). Notably, this…
The Central Board of Indirect Taxes and Customs (CBIC) today celebrated the International Customs Day- 2024 in New Delhi. This year, the World Customs Organisation (WCO) has dedicated the International Customs Day to the theme of ‘Customs engaging traditional and…