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taxcompliance

Kerala AAR Defines GST Rates: 5% for Counter Sales, 18% for Hotel Premises

By: Admin|August 09, 2024|Categories: GST Recent News Introduction Devalokam Bakery, a well-known Ernakulam-based establishment, has recently received a significant ruling from the Kerala Authority for Advance Ruling (AAR) regarding the…

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Deadline Alert: Multi-State Companies Must Register as ISD with GST Authorities by April 1, 2025

By: Admin|August 08, 2024|Categories: GST Recent News In a significant development for businesses operating across multiple states, the government has mandated that companies distributing common input tax credits (ITC) through…

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Make GST Payments Easily with Karnataka Bank’s UPI Mode

By: Admin|August 08, 2024|Categories: GST Recent News Karnataka Bank has officially launched its new facility allowing GST payments through UPI, positioning itself as one of the first banks to provide…

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Lower GST Revenue Growth in Telangana: Insights and Analysis

By: Admin|August 08, 2024|Categories: GST Recent News Telangana has recently reported a modest growth of only 7% in Goods and Services Tax (GST) revenues for July 2024, significantly lower than…

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Binance Gets Rs 722 Crore GST from DGGI: World’s Largest Crypto Exchange Update

By: Admin|August 07, 2024|Categories: GST Recent News Introduction In a groundbreaking move, the Ahmedabad zonal unit of the Directorate General of GST Intelligence (DGGI) has issued a show cause notice…

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CAG Urges Telangana Commercial Taxes Department to Act on Show Cause Notices for Tax Shortfalls

By: Admin|August 06, 2024|Categories: GST Recent News Enhancing Compliance in Telangana's Commercial Taxes Department: Insights from the CAG Report 2021-22 The Comptroller and Auditor General (CAG) of India has recently…

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Government’s Commitment to Fairness and Simplicity in the Tax System, Says Revenue Secretary

By: Admin|August 05, 2024|Categories: Income Tax News|News On Saturday, Revenue Secretary Sanjay Malhotra reaffirmed the government’s commitment to establishing a fair, simple, and equitable tax system. During a post-budget interactive…

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GST Officers Launch Door-to-Door Promotion of One-Time Settlement Scheme

By: Admin|August 05, 2024|Categories: GST Recent News In a significant move to recover outstanding VAT and CST dues, the State Tax department in Ludhiana has initiated a proactive door-to-door campaign…

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Infosys GST Notice Cleared: DGGI Closes Rs 3,898 Crore Proceedings Against IT Firm

By: Admin|August 05, 2024|Categories: GST Recent News In a recent development, Infosys, one of India's leading IT services companies, announced significant updates regarding its tax-related proceedings with the Directorate General…

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7.28 Crore ITRs Filed for AY 2024-25 by July 31, 2024: Key Insights

By: Admin|August 02, 2024|Categories: Important News|Income Tax|Press Release The Income Tax Department has reported a historic achievement, with over 7.28 crore Income Tax Returns (ITRs) filed for the Assessment Year…

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