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…
MNC arms to pay GST as per transaction value quoted by parents
By: AdminJune 29, 2024Categories: GST Recent News4 Min Read The Central Board of Indirect Taxes and Customs (CBIC) on Thursday clarified that if an MNC subsidiary in India as service…
Good news for ITR Filers; You can now file tax audits with Aadhaar OTP, no digital signature required
By: AdminJune 29, 2024Categories: Important News|Income Tax News4 Min Read The Income Tax Department has introduced a new verification method for tax audit forms, allowing taxpayers to use Aadhaar OTP…