Mandatory to mention 4/6-digit HSN/SAC Code w.e.f. April 1, 2021
The Central Board of Indirect Taxes (“CBIC”) issued Notification No. 12/2017- Central Tax dated June 28, 2017, to show specified […]
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Financial aid to states to meet GST compensation
In order to meet the shortfall in Goods and Services Tax (GST) compensation to be paid to States, the Government
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DGGI Gurugram officials arrest 2 men for defrauding exchequer of more than Rs 690 crore
In an ongoing investigation the Directorate General of GST Intelligence, Gurugram Zonal Unit, were able to arrest two gang members
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Action initiated to control fraudulent companies
The term ‘Fraudulent Company’ is not defined in the Companies Act, 2013. However, Ministry of Corporate Affairs (MCA) through the
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3,82,875 number of Companies struck off in three years up to financial year 2020
Based on non-filing of Financial Statements (FS) consecutively for two years or more, “Shell Companies” were identified and after following
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CBDT has issued refunds of over Rs. 2,00,411 crore to more than 2.02 crore taxpayers between April 01, 2020 to March 08, 2021
As per the recent tweet of Income Tax India, the CBDT issues refunds of over Rs. 2,00,411 crore to more than
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Over 1,10,019 loans extended since launch of ‘Stand up India’ scheme since its inception
Over 1,10,019 loans have been extended since the launch of ‘Stand up India’ scheme as on 31.01.2021 since its inception
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Sub-Committee of Insolvency Law Committee recommended IBC pre-pack framework
The Government constituted a sub-committee of Insolvency Law Committee (ILC) vide order dated 24th June, 2020 under the chairmanship of
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19th Instalment of Rs. 2,104 crore released to the States on Monday, March 08, 2021
The Ministry of Finance, Department of Expenditure has released the 19th weekly instalment of Rs. 2,104 crore to the States to
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GSTN issued an advisory on Selection of Core-Business
The Goods and Services Tax Network (GSTN) has issued an advisory on the Selection of Core-Business on the GST Portal.