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CBIC Waives Interest for Late GSTR-3B Filers Amid Technical Issues

   09 April 2024 at 09:05

The Central Board of Indirect Taxes and Customs (CBIC) has issued a crucial notification, bearing No. 07/2024 – Central Tax, dated April 08, 2024.

Posted in GST |   9999 Views


CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims

   09 April 2024 at 09:04

There is no special drive to re-open cases of mismatch, and media reports alleging that large-scale re-opening is being undertaken by the CBDT are completely misplaced

Posted in Income Tax |   2952 Views


RBI Launches New Website and Mobile Application

   08 April 2024 at 09:06

The new website and mobile application of the Reserve Bank of India was released by Governor Shri Shaktikanta Das.

Posted in Others |   1692 Views


GSTN Adds New Feature to Table 12 for Detailed Outward Supplies Summary by HSN Codes

   08 April 2024 at 09:06

GSTN has introduced a new option in "Table 12 - HSN wise summary of outward supplies" of the GST Return form GSTR-1.

Posted in GST  1 comments |   6336 Views


Non-issuance of Notices in Case of Voluntary Compliance under Sections 73 and 74 of the KSGST Act, 2017

   08 April 2024 at 09:06

The Kerala Goods and Services Tax (GST) Department issued Circular No. 06/2024 on April 6, 2024, signaling a significant shift in its approach towards tax enforcement.

Posted in GST |   867 Views


New Forms Released for Aircraft and Ship Leasing Businesses, Including Dividend Exemption

   06 April 2024 at 15:52

New Form-1 (Aircraft Leasing business), Form -1 {Dividend exempt u/s 10(34B)}, Form-1 (Ship Leasing Business), Form-10IEA, Form-10IFA & Form-3AF are released.

Posted in Income Tax |   573 Views


Supreme Court Permits Transfer of 27 GST Cases, GamesKraft & EGF Hearings Set for 1st May

   06 April 2024 at 09:04

The Supreme Court bench headed by CJI and comprising of Justice JB Pardiwala and Manoj Misra summarily allowed the government’s transfer petition of 27 writ petitions in 9 different High Courts

Posted in GST |   2271 Views


RBI Keeps Repo Rate Unchanged At 6.5%

   06 April 2024 at 09:03

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others |   513 Views


Kanpur Man Arrested for Posing as Income Tax Officer to Hide Unemployment

   05 April 2024 at 14:33

A 24-year-old man from Nai Basti, identified as Ritesh Sharma, found himself in police custody on Wednesday for allegedly posing as an Income Tax officer.

Posted in Income Tax |   2826 Views


Gujarat's GST Department Sees 43% Drop in GSTIN Applications

   05 April 2024 at 09:04

Gujarat's GST department has observed a substantial 43% decline in the monthly average of GSTIN (Goods and Services Tax Identification Number) applications since November 2023.

Posted in GST |   2718 Views



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