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Since we are already in the last month of the Accounting year i.e. March 2023, which mandates a few important points to be taken care in the current month so that there is smooth functioning in the next year without…
GST officers in Delhi have unearthed a fake invoicing racket involving tax evasion of Rs 17 crore and arrested two persons, the Finance Ministry said on Saturday. Central Goods and Service Tax (CGST) Delhi South Commissionerate conducted inspection at the…
Jittery over the show-cause notices being issued by State Goods and Services Tax (SGST) department for value added tax (VAT) assessments as old as those from financial year 2016-17, the businessmen have asked chief minister Bhagwant Mann and finance minister…
Realty experts and developers want the government to rationalise Goods and Services Tax (GST) on under-construction properties to encourage their sales. The sale of under-construction properties has decreased as buyers have to pay the GST, in addition to stamp duty…
A Division Bench of the Madras High Court on Friday ordered notice to the Directorate General of Goods and Services Tax (GST) Intelligence on a writ appeal preferred by music composer G.V. Prakash Kumar against a single judge’s refusal to…
Prime Minister Narendra Modi on March 7 addressed stakeholders in the financial services sector in a post-budget webinar in which he said the tax burden has been coming down due to the rational tax system in place. Modi said the…
GST & Indirect Tax Committee of the Institute of Chartered Accountants of India, ICAI Bhawan, A–29 Sector 62, Noida – 201 309 has published Annual Report 22-23 showcasing the accomplishments of the Committee, partnering with the Government, Bridging the GST…
The gross GST revenue collected in the month of February 2023 is ₹1,49,577 crore of which CGST is ₹27,662 crore, SGST is ₹34,915 crore, IGST is ₹75,069 crore (including ₹35,689 crore collected on import of goods) and Cess is ₹11,931…
Two days after the Enforcement Directorate (ED) swooped down on Congress leaders, the central agency sleuths on Wednesday are carrying out searches in various departments housed in the Chhattisgarh government’s capitol complex as part of their ongoing probe under the…
The Hon’ble Allahabad High Court in M/s. Varun Beverages Limited. v. State of U.P. and Ors. [Writ Tax No. – 958 of 2019 dated February 2, 2023] has set aside the order imposing the penalty upon the assessee, on the…