By: AdminJuly 01, 2024Categories: GST Recent News4 Min Read With the Union budget likely to be presented this month, the finance bill is likely to include enabling an amendment to…
7 Years Of GST: Finance Ministry Says Reform Reduced Tax On Household Goods, Relief To Every Home
By: AdminJuly 01, 2024Categories: GST Recent News4 Min Read Goods and Services Tax (GST), which completed 7 years of implementation on Monday, has brought happiness and relief to every home…
GST simplified compliance, improved tax buoyancy, but fake ITC generation still a challenge
By: AdminJuly 01, 2024Categories: GST Recent News4 Min Read Introduced seven years ago, the Goods and Services Tax (GST) has simplified compliance, improved tax buoyancy and increased states' revenues, but…
GST is not applicable on services of design engineering and contraction of water tanks by the Government Authority
By: AdminJuly 01, 2024Categories: Advance Ruling-New4 Min Read The Uttarakhand AAR, in the case of M/s. THDC India Limited, In re [Advance Ruling No. 06/2023-24 dated February 26, 2024] held…
Income tax calendar for July 2024: Key deadlines you should know
By: AdminJune 30, 2024Categories: Important News|Income Tax|News4 Min Read As we approach July 2024, taxpayers and financial institutions in India must note critical deadlines set by the Income Tax Department.…
ICICI Prudential and HDFC Life Receive GST Notices
By: AdminJune 29, 2024Categories: GST Recent News4 Min Read ICICI Prudential Life Insurance has been issued a GST notice for Rs. 365 crore, inclusive of interest, by the GST authority.…
Court orders further probe into ex-GST deputy commissioner’s alleged wealth accumulation
By: AdminJune 29, 2024Categories: GST Recent News4 Min Read The Court of the Enquiry Commissioner and Special Judge has ordered the Vigilance special cell to conduct further investigation into the…
134% Increase in GST Taxpayers Over 7 years
By: AdminJune 29, 2024Categories: GST Recent News4 Min Read Since its implementation seven years ago, the goods and services tax (GST) has seen a significant 134% increase in new taxpayers.…
MCA to Launch 3rd Set of Company Forms, Including MSME, BEN-2, MGT-6, IEPF-1, and IEPF-1A on V3 Portal on July 15, 2024
By: AdminJune 29, 2024Categories: MCA|Important News4 Min Read The Ministry of Corporate Affairs (MCA) is launching the third set of Company Forms, which includes MSME, BEN-2, MGT-6, IEPF-1, IEPF-1A, IEPF-2,…
Raid in Kerala hotels and restaurants exposes Rs 7 Cr tax revenue loss
By: AdminJune 29, 2024Categories: GST Recent News4 Min Read A recent raid by the GST department on hotels and restaurants in Kerala has exposed tax evasion in sales worth Rs…