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Income Tax Dept Rolls Out "TAXASSIST" to Guide Taxpayers, Flag Errors & Ensure Compliance

   04 July 2025 at 09:12

The Income Tax Department launches "TAXASSIST" to support taxpayers in resolving notices, revising returns, and correcting wrongful claims like 80GGC deductions. Avoid scrutiny.

Posted in Income Tax |   9468 Views


GST Intelligence Officer Honoured for Busting Rs 870 Crore Tax Evasion Racket

   04 July 2025 at 09:12

Surajit Gogoi, Superintendent with the Directorate General of GST Intelligence (DGGI), Guwahati, has been awarded a prestigious Commendation Certificate for his outstanding role in exposing one of the largest tax evasion networks in India.

Posted in GST |   2760 Views


Rs 867 Crore Bogus Transactions Uncovered in Ludhiana GST Scam

   04 July 2025 at 08:58

A massive GST fraud worth Rs 157.22 crore has been unearthed in Ludhiana, with absconding accountant Sarabjit Singh accused of creating 20 fake firms to claim bogus ITC through Rs 866.67 crore in fraudulent transactions between 2023 and 2025.

Posted in GST |   1836 Views


Form ITR-B Filing Now Enabled Online for Section 158BC Notices via e-Proceeding Tab

   04 July 2025 at 08:45

Taxpayers who have received notice under Section 158BC can now submit Form ITR-B via the e-Proceeding tab on the Income Tax portal

Posted in Income Tax |   3447 Views


ICAI Launches AI-Powered Digital Workspace on 77th CA Day Celebration

   04 July 2025 at 08:38

ICAI Celebrated 77th Foundation Day at Bharat Mandapam. Launched ICAI AI Agent, a next-gen, AI-powered digital workspace

Posted in Professional Resource  1 comments |   13290 Views


Hajmola's Bitter-Sweet Battle with GST Authorities

   03 July 2025 at 09:11

Dabur's iconic digestive product Hajmola is under the tax spotlight again, as the DGGI questions its classification - whether it should be taxed like a candy or as an Ayurvedic product.

Posted in GST |   2052 Views


SBI Cards Receives GST Show Cause Notice for Rs 81.93 Crore ITC Disallowance

   03 July 2025 at 09:07

SBI Cards and Payment Services Ltd, India's leading pure-play credit card issuer, has received a show cause notice from the CGST Department proposing to disallow ITC worth Rs 81.93 crore, the company informed stock exchanges on Tuesday.

Posted in GST |   3858 Views


India's Tax Reforms and Digital Transformation Boost Revenue, Cut Compliance Costs: FM Sitharaman

   03 July 2025 at 09:02

FM Nirmala Sitharaman highlighted India's strides in tax reforms, digital transformation, and inclusive growth at the Third Plenary Meeting of the Fourth International Conference on Financing for Development

Posted in Income Tax |   2514 Views


GST Fraud Using Villagers' Identities: Rs 130 Crore ITC Scam Exposed

   03 July 2025 at 08:57

The Economic Offences Wing (EOW) has unearthed a massive Goods and Services Tax (GST) input tax credit (ITC) fraud worth Rs 130 crore, involving 23 fake firms and Rs 512 crore in fake invoices, according to officials.

Posted in GST |   1005 Views


Karnataka State Pollution Control Board Gets Income Tax Exemption on Specified Incomes

   03 July 2025 at 08:52

In a major relief for the Karnataka State Pollution Control Board (KSPCB), the Central Government has notified income-tax exemption on specific sources of income under Section 10(46) of the Income-tax Act, 1961.

Posted in Income Tax |   186 Views



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