By: AdminJune 08, 2024Categories: Income Tax News|News4 Min Read Private sector lender IDBI Bank Ltd on Friday (June 7) said it has received an income tax refund order amounting to…
Pattambi scrap trader arrested for 12-Cr tax evasion
By: AdminJune 08, 2024Categories: GST Recent News4 Min Read As part of operation 'Palm Tree', the police arrested a scrap trader for evading approximately Rs 12 Crore tax. The accused,…
DGGI Officer empowered to issue SCN
By: AdminJune 08, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Madras High Court in the case of Famina Shopping Mall (P.) Ltd. v. Assistant Commissioner of GST and Central Excise…
Punjab GST Officer Surrenders in Jalandhar Court Amid Corruption Charges
By: AdminJune 08, 2024Categories: GST Recent News4 Min Read The Punjab Vigilance Bureau (VB) today arrested Balbir Kumar Virdi, Joint Director, GST, Punjab Excise Department, now posted as Deputy Commissioner…
New Central Excise Bill to align with latest GST, customs laws; bring certainty for petroleum, tobacco sectors
By: AdminJune 08, 2024Categories: Central Excise4 Min Read In a move that could ease the burden for petroleum and tobacco players in the country, the finance ministry is all set…
GST department makes one more arrest under Operation Palm Tree
By: AdminJune 08, 2024Categories: GST Recent News4 Min Read The Kerala State Goods and Services Tax (SGST) department has made one more arrest under Operation Palm Tree, a drive launched…
Flour mixes with additives attract 18% GST, clarifies Gujarat AAAR
By: AdminJune 08, 2024Categories: GST Recent News4 Min Read The Gujarat Appellate Authority for Advance Ruling has clarified that flour mixes containing additives attract an 18% Goods and Services Tax…
CBDT notified the income tax exemption to “Real Estate Appellate Tribunal, Punjab” u/s 10(46) of the IT Act
By: AdminJune 07, 2024Categories: CBDT Notification|Notification And Circular4 Min Read The CBDT vide Notification No. 49/2024 dated June 06, 2024, has notified the income tax exemption to the “Real Estate…
GST rate rationalisation may see further delay
By: AdminJune 07, 2024Categories: GST Recent News4 Min Read With a new coalition government at the helm, a key economic reform involving GST rate rationalisation may be further delayed. Many…
CPC(TDS) Reprocesses FY 2023-24 TDS Returns, Removes Short Deduction Demands as per Circular 6/2024 Relaxation on PAN-Aadhaar Linkage
By: AdminJune 06, 2024Categories: Income Tax News|News4 Min Read The CPC(TDS) has reprocessed the affected TDS returns and removed the short deduction demands from the returns for FY 2023-24, in…