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Net Direct Tax collections for FY 2023-24 grow at over 20.66% Advance Tax collections for the FY 2023-24 stand at Rs. 6,25,249 crore which shows a growth of 19.94% Refunds aggregating to Rs. 2,25,251 crore issued in the current fiscal…
A reference was received from Ministry of Home Affairs (MHA) for comments regarding disbursement of prize amount of lotteries through formal banking channel and comments in this regard have been sent to MHA. This was stated by Union Minister of…
India has a considerable share of manmade fibre (MMF) products (fibre, yarn, fabrics, made-ups, readymade garments of MMF) in the total Textiles & Apparel (incl. handicrafts) exports. Under the PLI Scheme for Textiles focusing on MMF Apparel, MMF Fabrics &…
Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman gave a virtual address on the occasion of Bhoomi Pooja and Foundation Stone laying ceremony of GST Bhavan, Tirupati CGST Commissionerate, today. The new GST Bhawan reflects the Central Government’s commitment…
The provisional figures of Direct Tax collections up to 09th November, 2023 continue to register steady growth. The Gross Direct Tax collections are at Rs. 12.37 lakh crore, which is 17.59% higher than the gross collections for the corresponding period of…
In view of the upcoming festive season, the Union Government has authorised the release of tax devolution of Rs. 72,961.21 crore to State Governments for the month of November 2023, on 7th November instead of the usual date 10th November. This will…
The Union Finance Minister also gave away prizes to 6 customers with a cheque award of Rs 10 lakh to who participated in Mera Bill Mera Adhikaar scheme. The winners had uploaded their valid GST bills on the app after making a purchase. Speaking on the occasion, the Finance…
The Income Tax Department registered a record number of filing of Income Tax Returns (ITRs) till 31st October, 2023, which was the due date for filing of ITRs (other than ITR 7) for taxpayers not having any international or specified domestic…
The Income Tax Department has, over the years, focused on several measures to ensure ease in compliance of taxpayers and transparent tax administration. In line with transparency in its functioning, the Department had released the Time Series Data of Direct…
Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket of Invoice value of Rs. 263 Crores involving fake GST Input Tax Credit (ITC) of Rs. 7.66 Crores and have arrested the proprietor of M/s Shree Balaji…