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GSTN Official Reveals Delays in Implementing Faceless Scrutiny Assessment under GST

   23 November 2023 at 08:46

A senior official revealed that the Goods and Services Tax (GST) authorities are contemplating the introduction of a faceless scrutiny assessment for tax returns.

Posted in GST |   2979 Views


Zomato and Swiggy Hit with Rs 750 Crore GST Demand Notices by DGGI

   23 November 2023 at 08:45

In a significant development, the Directorate General of GST Intelligence (DGGI) has taken action against leading food aggregators Zomato and Swiggy, issuing Goods and Services Tax (GST) demand notices, according to a report on Wednesday.

Posted in GST |   7302 Views


IT Department Unearths Rs 10,000 Crore Tax Evasion by Online Sellers on Instagram and Facebook

   23 November 2023 at 08:44

Income Tax department has uncovered a major tax evasion scandal, amounting to nearly Rs 10,000 crore over a three-year period, involving e-tailers selling goods through popular social media platforms such as Instagram and Facebook.

Posted in Income Tax |   7371 Views


CBDT Issues Corrigendum for SFT Guidelines on Mutual Fund Transactions by Registrar & Share Transfer Agent

   22 November 2023 at 08:48

CBDT issued a Corrigendum to Notification No. 4 of 2021 dated November 15, 2023, concerning the Format, Procedure, and Guidelines for the submission of the SFT for Mutual Fund Transactions by Registrar & Share Transfer Agent.

Posted in Income Tax |   4737 Views


SC Seeks Explanations as Finance Ministry, GST Council and CBIC Fail to Submit Replies

   22 November 2023 at 08:47

In a significant development in the ongoing legal battle concerning the permission for filing revised returns under the GST regime

Posted in GST  1 comments |   6327 Views


TCS Exemption for Rs 7 Lakh International Card Spend Expected in Interim Budget

   21 November 2023 at 08:51

Anticipated Tax Relief: Government Set to Exempt Overseas Card Spending from TCS Up to ₹7 Lakh

Posted in Income Tax |   5265 Views


Deadline Approaching for Accurate Declaration of ITC in GST

   21 November 2023 at 08:51

In a significant announcement, the State Goods and Services department has informed taxpayers that November 30, 2023, marks the final date for availing ITC

Posted in GST |   19203 Views


GST Net Expands its Reach for Real Estate Firms

   21 November 2023 at 08:50

DGGI has initiated a series of notices targeting various real estate companies, urging the payment of GST for a range of transactions involving group companies or joint venture partners.

Posted in GST |   2748 Views


Rs 1.86 Lakh Fine Imposed for GST Evasion

   20 November 2023 at 08:31

GST Officials Impose Fines on Tax Irregularities: Truck with Mixed Goods Penalized, Maruti Plastic Godown Raided

Posted in GST |   2970 Views


Comprehensive Manual on Direct API Integration with 6 IRPs for E-Invoice Reporting

   20 November 2023 at 08:30

Comprehensive Guide and Instructions for Direct API Integration with Any of the 6 IRPs for E-Invoice Reporting

Posted in GST |   5256 Views



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