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GoM Unlikely to Offer Relief to Real Estate Sector on Joint Development Agreements

   26 September 2024 at 09:12

Most members of the Group of Ministers (GoM) of the Goods and Services Tax (GST) Council have indicated they are not in favor of providing any tax relief to the real estate sector concerning Joint Development Agreements (JDAs).

Posted in GST |   570 Views


7 Arrested for Rs 900 Crore GST Scam Involving 48 Shell Companies

   26 September 2024 at 09:10

In a major breakthrough, Uttar Pradesh police uncovered a large-scale GST fraud syndicate, arresting seven individuals in Muzaffarnagar on Tuesday.

Posted in GST  2 comments |   1419 Views


GST Officers Uncover 10,700 Fake Firms in Rs 10,179 Crore Tax Evasion Scam

   25 September 2024 at 09:09

Tax authorities have uncovered approximately 10,700 fake GST registrations, involving tax evasion worth ₹10,179 crore, during an ongoing all-India drive against fraudulent companies, a senior official from CBIC announced.

Posted in GST |   2370 Views


MCA Grants 5-Year Extension for Producer Companies on Share Dematerialisation Compliance

   25 September 2024 at 09:07

MCA Extends Compliance Deadline for Producer Companies on Share Dematerialisation to 2028

Posted in Corporate Law |   2880 Views


DGGI Issues Notices to Over a Dozen Food & Beverage Companies for Trademark Usage Violations

   25 September 2024 at 09:05

DGGI Issues Rs 3,000 Crore GST Notices to Food & Beverage Companies Over Franchise Trademark Usage

Posted in GST  2 comments |   6894 Views


Supreme Court Disposes 573 Direct Tax Cases Following Revised Monetary Appeal Limits

   25 September 2024 at 08:59

Hon'ble Supreme Court disposed off 573 direct tax cases in view of the revised monetary limit of filing of appeals

Posted in Income Tax |   1950 Views


Archival of GST Returns Data on GST Portal

   25 September 2024 at 08:58

As per GST portal data policy, data for view of taxpayer to be retained for seven years only. Therefore, the same data policy is being implemented on the GST portal.

Posted in GST |   3924 Views


ICAI Reschedules CA Final Nov 2024 Exams Due to Diwali

   24 September 2024 at 15:30

The Institute of Chartered Accountants of India (ICAI) has rescheduled the CA Final November 2024 exams to accommodate the Diwali festivities. Discover the new exam dates and important details to help you prepare effectively.

Posted in Students |   5556 Views


GoM to Discuss Merging 12% and 18% GST Slabs on 25th September Meeting

   24 September 2024 at 15:04

The six-member Group of Ministers (GoM) on GST rate rationalization, chaired by Bihar Deputy Chief Minister Samrat Chaudhary, is set to convene in Goa on September 25, 2024.

Posted in GST |   846 Views


Tata Sons Secures Tax Relief as Rs 1500 Crore GST Demand in Docomo Settlement Dismissed

   24 September 2024 at 08:57

In a major win for Tata Sons, the GST adjudicating authority has dismissed a Rs 1,500 crore GST demand related to a $1.27 billion settlement with Japan's Docomo. This decision may set a precedent for future arbitration cases.

Posted in GST |   2364 Views



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