Latest update 02.11.2024
A. Update
Gross and Net GST revenue collections for the month of Oct, 2024
B. Tax in Media
Karnataka CM to officials: Stop liquor smuggling from Goa, face action for missing tax targets
The smuggling of low-priced liquor from Goa to Karnataka has been impacting excise revenue. In August, Karnataka government lowered excise duty slabs, making premium liquor more affordable to align with prices in neighbouring states and reduce revenue losses.
CBI arrests five senior CGST officers in Rs50 lakh bribery case
The Central Bureau of Investigation (CBI) has arrested five senior Central Goods and Services Tax (CGST) officers, including an additional commissioner and a joint commissioner from Indian Revenue Service, and three superintendents last week, as part of its probe into an alleged ₹50 lakh bribery case registered on September 5.
GST collection rises 9% to Rs 1.87 lakh crore in October
CBI books two GST officials for demanding bribe in Dharmapuri
The Anti-Corruption Branch (ACB) of CBI, Chennai has registered a case against two GST and central excise officials in Dharmapuri for allegedly demanding bribe of a few lakhs of rupees from the proprietor of a steel and hardware shop in the town.
Manufacturing method of lab grown diamonds should be declared before export and import: CBIC
CBIC has made it mandatory from December 1 to declare the method used for producing synthetic or reconstructed diamonds at the time of export or import. This will help in quick processing and inspection of consignment which in turn will facilitate the trade.
CBI arrests five senior CGST officers in Rs.50 lakh bribery case
The Central Bureau of Investigation (CBI) has arrested five senior Central Goods and Services Tax (CGST) officers, including an additional commissioner and a joint commissioner from Indian Revenue Service, and three superintendents last week, as part of its probe into an alleged ₹50 lakh bribery case registered on September 5.
Tax notices issued to wealthy Indians over undeclared Dubai properties
Several wealthy Indians with allegedly undeclared properties in Dubai have received notices from the Foreign Asset Investigation Unit (FAIU) of the Income Tax (I-T) department, according to a report by The Economic Times. Approximately 100 notices have been issued in the past week alone.
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