By: AdminJune 11, 2024Categories: Income Tax News|News4 Min Read July 31 – the due date for filing income tax returns for the financial year 2023-24 (assessment year 2024-25) – is…
GST needs reforms, state govts must have their say
By: AdminJune 11, 2024Categories: GST Recent News4 Min Read The Goods and Services Tax (GST) is often described as independent India’s most pathbreaking indirect tax reform. Here, India had the…
ICMAI’s Tax Research Department Releases Guide Book for GST Professionals – March, 2024 edition
By: AdminJune 11, 2024Categories: GST Law|ICMAI|Important News4 Min Read The Tax Research Department of ICMAI (Institute of Cost Accountants of India) has released the on Guide Book for GST Professionals…
ICMAI’s Tax Research Department Releases Handbook on “GST on Service Sector” – Banking, Insurance, Hotel, Utility, Transport and Tourism
By: AdminJune 11, 2024Categories: GST Law|ICMAI|Important News4 Min Read The Tax Research Department of ICMAI (Institute of Cost Accountants of India) has released the on “GST on Service Sector” –…
A fresh SCN should be issued to revise the demand raised in the SCN
By: AdminJune 11, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Madras High Court in the case of M/s. Vela Agencies v. Assistant Commissioner, State Tax [Writ Petition No. 11030 of…
Govt likely to decriminalise around 50-60 sections of Income Tax, GST, and Customs for minor tax offences within 100 days
By: AdminJune 11, 2024Categories: GST Recent News4 Min Read In a first, the Centre is likely to fulfil a long standing demand of the industry to decriminalise minor income tax…
Centre releases Rs. 1,39,750 crore installment of Tax Devolution to States
By: AdminJune 11, 2024Categories: Press Release4 Min Read It has been decided that apart from the regular release of the devolution amount for the month of June 2024, one additional…
GST rate rationalisation in balance
By: AdminJune 10, 2024Categories: GST Recent News4 Min Read The rationalisation of GST rates will be heavily influenced by the nature of the coalition government at the Centre and a…
Natural Gas GST Inclusion: How Consumers Could Benefit More Than Companies
By: AdminJune 10, 2024Categories: GST Recent News4 Min Read The inclusion of natural gas under the Goods and Services Tax regime could benefit both city gas distribution companies and customers…
RMG Sector: Clarity on GST & legality of gaming ban laws, Digital India Act may see light in Modi 3.0
By: AdminJune 10, 2024Categories: GST Recent News4 Min Read As Narendra Modi is poised to take oath as the prime minister for a historic third term, the real money gaming…