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Press Note has been released to highlight the ‘Settlement Scheme, 2023’ issued to settle the tax dues of the years from 1963-64 to 2017-18 (till 30/06/2017). PRESS NOTE The Goa (Recovery of Arrears of Tax, Interest, Penalty, Other Dues through…
Bhubaneswar: Odisha has posted a 38.22 per cent growth in GST collection in the month of August 2023 compared to the same period in the previous year. The monthly collection to be retained by the State (OGST + IGST Settlement)…
The gross GST revenue collected in the month of August, 2023 is ₹1,59,069 crore of which CGST is ₹28,328 crore, SGST is ₹35,794 crore, IGST is ₹83,251 crore (including ₹43,550 crore collected on import of goods) and Cess is ₹11,695 crore (including ₹1,016 crore collected on import of…
The Government of India, in association with State Governments, is launching an ‘Invoice incentive Scheme’ by the name ‘Mera Bill Mera Adhikaar’ to encourage the culture of customers asking for invoices/bills for all purchases. The objective of the scheme is…
The Finance Act, 2023 brought in an amendment for the purposes of calculation of “perquisite” with regard to the value of rent-free or concessional accommodation provided to an employee, by his employer. Accordingly, CBDT has modified Rule 3 of the…
The Department of Expenditure, Ministry of Finance, has launched the scheme, “Vivad se Vishwas II – (Contractual Disputes), to effectively settle the pending contractual disputes of government and government undertakings. The scheme was announced in the Union Budget 2023-24 by the…
The 51st GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman via video conferencing in New Delhi today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj…
Today (28-07-2023), under the able guidance of Smt C Tripura Sundari, IRS, Commissioner of Income Tax (TDS), Chennai, an Income Tax -TDS National Webinar was conducted by the Joint Commissionerate of Income Tax, TDS Range-3, Chennai in association with Arthasasthra…
The 50th meeting of the Goods and Services Tax (GST) Council was held today under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.