By: Admin|July 31, 2024|Categories: Income Tax News|News Introduction In a significant development for taxpayers in India, approximately 6 crore income tax returns (ITRs) were filed for the fiscal year 2023-24.…
GST Compliance in Telangana Improved to 82%: Commercial Taxes Officer
By: Admin | July 20, 2024 | Categories: GST Recent News The Goods and Services Tax (GST) compliance in Telangana has significantly improved, rising from 68% to 82% over the…
No GST Registration for Identified Taxpayers Without Biometric Aadhaar Authentication and In-Person Verification
The Central Board of Indirect Taxes and Customs (CBIC) announced on July 19, 2024, that a biometric-based Aadhaar authentication process for GST registration is now mandatory for taxpayers identified through…
Union Budget 2024: Changes Expected in Streamlining Indirect Tax Compliances
By: AdminJuly 19, 2024Categories: GST Recent News4 Min Read Challenges in Claiming Input Tax Credit (ITC) under GST and Customs Issues: A Call for Government Action GST Portal Robustness Concerns…
NAREDCO Proposes Rs 5 Lakh Home Loan Interest Tax Exemption Limit Increase
By: AdminJuly 18, 2024Categories: Income Tax News|News4 Min Read Boosting Housing Demand: NAREDCO Calls for Rs 5 Lakh Tax Exemption on Home Loan Interest In a bid to stimulate the…
Telangana HC Questions State Funding of CM and Ministers’ Income Tax
By: AdminJuly 18, 2024Categories: Income Tax News|News4 Min Read Challenging Taxpayer Funds: PIL Questions State Payment of Officials' Income Tax In a significant legal development, the Telangana High Court has…
Nazara Tech Subsidiaries Receive Rs 1,120-cr GST Demand Notice
By: Admin July 17, 2024 Categories: GST Recent News Two subsidiaries of Nazara Tech have received notices totaling Rs 1,120 crore in an ongoing GST-related matter, the online gaming and…
Commerce Department to Fix Exporters’ GST Woes
By: Admin July 17, 2024 Categories: GST Recent News The Commerce Department has decided to address the GST-related problems faced by exporters, including compliance issues, refunds, and audits, by taking…