Union Finance Minister Smt. Nirmala Sitharaman will inaugurate one-day National Conference of Enforcement Chiefs of State and Central GST formations in New Delhi tomorrow
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 in New Delhi on Monday, 4th March, 2024. Read more
Punjab’s GST mop-up rises 15% to over Rs.19K crore till Feb: Cheema
Finance, planning, excise and taxation minister Harpal Singh Cheema said the increase in revenue exhibits Punjab’s robust economic growth and success in revenue generation. Read more
Son of senior TDP leader arrested on charges of cheating, GST evasion
“Former director of Avexa company P Sarath has been arrested on February 29 for playing a key role and pocketing the highest amount through these illegal transactions and was presented in a court,” Vijayawada police Commissioner Kanthi Ratan Tata said in a press release. He said the court sent Sarath to judicial remand. Read more
February GST collection increase of 12.5% shows strong economic growth..
Experts said that Gross Gross Goods and Services Tax (GST) revenue collected for February 2024 at Rs 1.68 lakh crore, posting a 12.5 per cent increase compared to the same month in 2023, shows the robustness of the Indian economy and a strong consumption story. Read more
Ludhiana gang using counterfeit bills to avail GST returns worth Rs.116 crore busted
Centre settled only tax share due, not financial assistance to Kerala: Minister Balagopal
Thiruvananthapuram: Amid the reports on central government sanctioning financial assistance to Kerala, the state finance minister K N Balagopal on Friday clarified that the state government received Rs. 2,725 crore as tax share and settlement of IGST. Read more
Fake GST officials conduct raid, loot trader at Market Yard
Five persons pretending to be officers of Goods and Services Tax (GST) department and one posing as a journalist conducted a fake raid at a shop in Market Yard, duping the trader of around Rs.20,000. Read more
Odisha Records All-Time High GST Collection Of Rs 5,135.81 Cr In Feb
Odisha has achieved a major milestone in its Goods and Services Tax (GST) collection, recording an all-time high of Rs 5,135.81 crore last month. This figure surpasses the previous record of Rs 5,035.74 crore collected in April 2023 by nearly Rs 100 crore. Read more
Promoting Voluntary Compliance through e-Verification Scheme-2021
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 taxpayer for viewing. Read more
PCMC serves prior-to-seizure notices to 300 tax defaulters
After failing to get proper response over alleged exorbitant property tax, the Panvel city municipal corporation has served prior-to-seizure notices to more than 300 property tax defaulters. Read more
Evasion fight: FM Sitharaman to meet GST enforcement chiefs
FM Nirmala Sitharaman will inaugurate a conference of GST enforcement chiefs on Monday and the meeting will discuss combating evasion, among other issues.
Tamil Nadu powerloom weavers urge govt to speed up GST refund
POWERLOOM weavers have requested the state government for the speedy payment of Goods and Services Tax (GST) refund amount which has been allegedly withheld for the past four months to the weavers who produce fabrics with man-made fibre. Read more
Lawgics – Judgment No. 081
The judgment deals with section 73 of CGST Act Read more
Finance Ministry likely to postpone implementation of 45-day payment rule for MSMEs to April 2025
STBA held a demonstration before the the Principal Commissioner, State Tax / T&T, Delhi to press some demands-Day2
As a continuation to the demonstration STBA will abstain from work on 05.03.2024. Read more
Union Finance Minister Smt. Nirmala Sitharaman inaugurates first-ever National Conference of Enforcement Chiefs of the State and the Central GST Formations in New Delhi-Day2
Press release https://onlinetaxupdate.com/union-finance-minister-smt-nirmala-sitharaman-inaugurates-first-ever-national-conference-of-enforcement-chiefs-of-the-state-and-the-central-gst-formations-in-new-delhi-day2/
Gujarat : Sahajanand Technologies Cash Heist In Surat Raises Eyebrows Of Income Tax Department
The employees of STPL, a leading diamond machine manufacturing company, were transporting the cash to a safe deposit vault when they were allegedly looted by a man posing as an “IT officer” near Katargam. Read more
Bihar traders offered ‘one-time settlement’ for pre-GST era tax liabilities
The NDA government in Bihar on Thursday came out with a ‘one-time settlement’ initiative for the benefit of traders with tax liabilities dating back to the pre-GST era. Read more
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