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Kerala and Karnataka tax officials have busted a nationwide cartel involved in fake Goods and Services Tax (GST) registrations. In a June 22 operation, the intelligence unit of the Kerala State Goods and Services Tax (SGST) department in Kanhangad, in…
The State Government has issued detailed guidelines for the implementation of Gruha Lakshmi scheme (Rs 2,000 per month for every woman head of a family). Accordingly, if a woman or her husband comes under the Income Tax net or GST…
Department of Commercial Taxes, Government of Karnataka has issued a Circular No. GST-02/2023-24 dated 23.05.2023 regarding ‘Generation and quoting of Document Reference Number (RFN) on communication/document pertaining to search and inspection’. The GST Portal (“System” generates various documents, such as…
Income Tax Department commenced a Search & Seizure operation in the case of some Cooperative Banks, in the State of Karnataka, on 31.03.2023. These cooperative Banks have been found to be engaged in routing of funds of various business entities…
Karnataka’s monthly GST collection crossed Rs 10,000 crore for three months in a row, Chief Minister Basavaraj Bommai said Wednesday, describing this as “positive growth” for the state. “Karnataka’s monthly GST collection has crossed Rs 10,000 crore for 3 months…
The Karnataka GST Department vide Circular GST No. 01/2022-23 dated June 02, 2022 has introduced revocation of cancelled Goods and Services Tax Identification Number (“GSTIN”) beyond 90 days by the Local Goods and Service Tax Offices (“LGSTO’s”) and the Sub…