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October GST Collections Reflect Economic Activity, Not Tax Notices, Says CBIC
11 November 2023 at 08:42In a recent statement, the CBIC revealed that the impressive rise in GST collections in October was primarily driven by robust economic activity within the country, dispelling rumors that it was solely due to tax notices issued to various companies.
Bombay HC Orders Income Tax Refund of Rs 1128 Crores to Vodafone Idea
10 November 2023 at 16:00In a significant legal victory for Vodafone Idea Ltd, the Bombay High Court has ruled in favor of the telecom giant, ordering the Income Tax Department to refund INR 1,128.47 crores in taxes paid during the assessment year 2016-17, along with interest.
FM Nirmala Sitharaman Stresses Inclusive Coverage of All Businesses under GST Ambit
10 November 2023 at 08:37In a recent address, FM Nirmala Sitharaman highlighted the Finance Ministry's commitment to broadening the GST regime's reach, emphasizing the importance of including all businesses rather than merely focusing on revenue enhancement.
ICAI | Empanelment of CA firms/LLP by Office of C&AG from the empanelment year 2024-2025
10 November 2023 at 08:35Empanelment of Chartered Accountant firms/LLP by Office of C&AG from the empanelment year 2024-2025
UltraTech Cement Faces GST Demand and Penalty Order of Rs. 2.28 Crore
09 November 2023 at 08:47UltraTech Cement, a leading player in the cement industry, has encountered a GST setback as it received an order from the Assistant Commissioner, CGST & C. Ex Division 3, Bhavnaga
Gov Releases Rs 72,961.21 Crore Tax Devolution in Record Time
09 November 2023 at 08:46Union Government authorises release of tax devolution of ₹72,961.21 crore to all State Governments for November, 2023; three days ahead of the usual date of 10th November
GSTIN Amendment in the Bill of Entry After Out of Charge (OOC)
09 November 2023 at 08:44Advisory No. 27/2023 was issued by the Directorate General of Systems and Data Management, Central Board of Indirect Taxes and Customs (CBIC), on November 7, 2023.
E-Way Bill Generation Peaks at Record Rs 10.3 Crore in October 2023
09 November 2023 at 08:43In a remarkable upswing, businesses generated an unprecedented Rs 10.3 crore worth of E-way bills in October 2023, surpassing the previous record set in August at Rs 9.34 crore
Centre may request Supreme Court to club all GST online gaming cases
09 November 2023 at 08:42In a significant development, the government is poised to request the Supreme Court to consolidate all Goods and Services Tax (GST) online gaming cases currently under litigation.
IT Dept enables E-filing of Form 56F for AY 2023-24
08 November 2023 at 08:53In a significant move to enhance the ease of tax compliance for businesses and individuals, the Income Tax Department has enabled the electronic filing of Form 56F for the Assessment Year (A.Y.) 2023-24
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