By: Admin | August 19, 2024 | Categories: Important Pronouncements | 4 Min Read In the case of Kunhalavi N. v. State Tax Officer [W.P. (C) No. 17333 of 2024…
IMF’s Gita Gopinath Suggests Simplifying GST Rates to Boost Additional Revenue
By: AdminDate: August 17, 2024Categories: GST Recent NewsRead Time: 4 Min Structural Reforms and GST Simplification: Key Insights from IMF’s Gita Gopinath India’s economic trajectory has recently been a focal…
CBDT Directs I-T Dept to Monitor High-Value Cash Transactions at Hotels and Hospitals
Introduction The Central Board of Direct Taxes (CBDT) has instructed the Income Tax (I-T) department to monitor cash transactions in high-value sectors, including hotels, luxury brand retailers, hospitals, and IVF…
CBIC Advises GST Officials to Consult Board for Law Interpretation During Audits
By: AdminAugust 17, 2024Categories: GST Recent News4 Min Read Introduction The Central Board of Indirect Taxes and Customs (CBIC) has introduced new guidelines for GST audits. These guidelines emphasize that…
CBIC Announces Guidelines for Second Special All-India Drive Against Fake GST Registrations
By: AdminDate: August 12, 2024Categories: CBIC | GST Law | Notification And CircularReading Time: 4 Minutes Overview of the All-India GST Drive 2024 The CBIC issued Instruction No. 02/2024-GST on…
DGGI Issues 1,000+ Tax Notices to Businesses Before August 5 Deadline
By: AdminAugust 17, 2024Categories: GST Recent News4 Min Read Overview of DGGI’s Increased Tax Notices and Enforcement The Directorate General of GST Intelligence (DGGI) has recently intensified its tax compliance…
IT Officials Should Adopt ‘Guidance Over Intimidation’ Approach With Taxpayers: CBDT Chief
By: AdminDate: August 13, 2024Categories: CBDT, NewsReading Time: 4 Min Introduction Paying income tax is a crucial responsibility for individuals each year. However, concerns have emerged about some income tax…
Bajaj Finance Receives ₹341 Crore GST Evasion Notice from DGGI, Faces Heavy Penalty: Report
By: Admin |August 10, 2024 |Categories: GST Recent News Bajaj Finance Faces ₹341 Crore GST Evasion Notice from DGGI On August 3, 2024, Bajaj Finance received a ₹341 crore show-cause…
Salaried Employees’ Choice of Tax Regime for FY 2024-25: What You Need to Know
By: Admin |August 10, 2024 | Categories: Income Tax News|News Why Salaried Employees Should Have the Option to Choose Their Tax Regime for TDS in FY 2024-25 Changes in the…
GST Search at Excel Industries Mumbai Office: Key Details
By: Admin |August 10, 2024 |Categories: GST Recent News Maharashtra GST Search at Excel Industries’ Mumbai Office: Key Details Search Operation Overview On Thursday, the Maharashtra Goods & Service Tax…