The Goods and Services Tax Network (GSTN) has enabled a new feature on the GST Portal. Taxpayers can now actively choose 'Yes' or 'No' for a personal hearing while responding to the GST DRC-01 notice.
Gross GST revenue collection in May 2024 stands at Rs 1.73 lakh crore; Records 10% y-o-y growth
Income Tax Department has achieved a remarkable feat by seizing a staggering amount of Rs 1100 crore in cash and jewellery during the ongoing Lok Sabha elections, marking a remarkable 182% increase compared to the 2019 elections.
Income Tax Department has rolled out the much-awaited MAC utility for filing Income-tax Returns (ITRs) 1, 2, 3 and 4 for the AY 2024-25.
The Income Tax Department has made the ITR-5 form available for filing for the Assessment Year (AY) 2024-25. Taxpayers can now access both the offline and online utilities to submit their ITR-5 forms.
In a significant demonstration of discontent, over 50 employees of the Tamil Nadu Arasu Uzhiyargal Sangam gathered outside the Department of Treasuries and Accounts office in Saidapet on Wednesday.
In a major crackdown on GST fraud, two individuals, Umang Darji and Ravi Soni, have been arrested for orchestrating a large-scale fraudulent operation involving fake rubber stamps and bogus GST input tax credits.
In a significant development for Micro, Small, and Medium Enterprises (MSMEs), Finance Minister Nirmala Sitharaman announced on Tuesday that the government is open to repealing the recent changes to Section 43B of the Income Tax Act.
CBDT has released two significant notifications on May 27, 2024, introducing higher rates of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for individuals and entities failing to furnish their Income Tax Returns (ITR).
The Ministry of Corporate Affairs (MCA) has intensified its examination of beneficial ownership standards for companies controlled by foreign investors, leading to significant compliance implications, according to legal experts.
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