By: AdminMay 06, 2024Categories: CBIC|GST Law|Press Release4 Min Read Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman administered the oath of integrity and secrecy to Justice (Retd.) Sanjaya…
Punjab and Haryana HC stays CBIC-circular on taxability of corporate guarantee between related parties
By: AdminMay 06, 2024Categories: GST Recent News4 Min Read In a recent development, the Punjab and Haryana High Court has put a hold on a circular issued by the central…
Govt clamps down on dumping from China: Over 1/3rd anti-dumping duties levied in cases with sole or two producers since FY22
By: AdminMay 06, 2024Categories: CBIC|News4 Min Read Over one-third of anti-dumping duties imposed by the Finance Ministry in the last three financial years covered goods manufactured by either a sole…
Multi-billion-dollar Godrej family settlement won’t attract tax: Sources
By: AdminMay 06, 2024Categories: Income Tax|Income Tax News4 Min Read The multi-billion-dollar settlement entered by the third-generation members of the Godrej Family will not attract any capital gains tax, even…
Tax season update: Over 7 lakh returns filed so far for assessment year 24-25
By: AdminMay 06, 2024Categories: Income Tax|Income Tax News4 Min Read As the tax filing season for the assessment year 24-25 gains momentum, official data reveals that a notable number of…
CBDT; Important Guidelines for Compulsory Scrutiny of Returns for FY 2024-25
By: AdminMay 06, 2024Categories: CBDT Notification|Notification And Circular4 Min Read The CBDT issued Guidelines vide F.No.225/72/2024IITA-II dated May 03, 2024 for compulsory selection of returns for Complete Scrutiny during the…
Supreme Court refuses to hear MSEs’ plea challenging 45-day payment rule under income tax act
By: AdminMay 06, 2024Categories: MSME|News4 Min Read The Supreme Court (SC) on Monday (May 6) refused to hear a plea filed by Micro and Small Enterprises (MSEs) challenging the 45-day…
Centre may push for 12% GST for health insurance; lower rate seen to widen cover
By: AdminMay 06, 2024Categories: GST Recent News4 Min Read To make health insurance more affordable and attractive, the Centre may push for a lower GST tax rate to 12%, compared…
Broaden GST net, cut cesses to reduce tax burden
By: AdminMay 04, 2024Categories: GST Recent News4 Min Read Goods and services tax collection crossed the landmark of Rs 2.1 lakh crore for the first time in April. Truth be…
Police arrests five Telangana GST officials for Rs 46 crore refund fraud
By: AdminMay 04, 2024Categories: GST Recent News4 Min Read Hyderabad police have arrested five GST officials in seven cases of GST refund fraud involving about Rs 46 crore. Hyderabad Central…