Taxmen issuing notices to insurers for availing tax credit on fake invoices
GST officers have started sending notices to over a dozen insurance companies for availing input tax credit on the basis […]
GST Recent News
GST Recent News
GST collections expected to break all records in April 2023
According to sources, GST collection in the month of April 2023 are expected to break all previous records. More than
Income Tax, News
ITAT disallows Income Tax deduction on employees’ contribution to PF & ESI beyond the Due Dates
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has disallowed income tax deduction on employees’ contributions to PF
Important News, Income Tax
Income Tax Department released Excel based utility for ITR-1 and ITR-4
The Income Tax Department has started Income Tax Return (“ITR”) filing for the Financial Year 2022-23 (Assessment Year 2023-24). ITR-1
DGFT, Notification and Circular, Notification And Circular
Extended the validity of ad-hoc norms ratified from April 01, 2015 up to March 31, 2023 now valid till March 31, 2026
The DGFT vide Public Notice No. 09/2023 dated April 25, 2023 amends Para 4.12(vi) of the Handbook of Procedures 2023
News, Service Tax 2023
Procedural lapse cannot be the basis to deny Service Tax refund, defeating the object of SEZ: CESTAT
The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the beneficial object of
GST Recent News
GST officers detect tax evasion by offshore entities providing online betting, gambling
Tax officers have detected violation of GST law by offshore entities offering online betting and gambling platforms to Indian residents
News
Now, central push for reducing VAT on natural gas for fertilisers
After reducing natural gas prices, all efforts are now on to reduce the tax on it, especially for fertilisers. According
GST Recent News
Govt to announce national retail trade policy, accident insurance scheme for GST-registered traders soon
The government is likely to announce a national retail trade policy and an accident insurance scheme for GST-registered domestic traders
GST Recent News
GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain
GST officers are using data analytics to ascertain if the entire supply chain in a particular sector is paying adequate GST