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GoM on GST rate rationalisation to meet on June 17

   16 June 2022 at 08:46

The panel of ministers on GST rate rationalisation is scheduled to meet on June 17 to discuss possible tweaking in tax rates, sources said.

Posted in GST |   3684 Views


IBBI amends Grievance and Complaint Handling Procedure Regulations, 2017 and IBBI (Inspection and Investigation) Regulations, 2017

   16 June 2022 at 08:46

IBBI amends Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017 and the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017

Posted in Corporate Law |   1806 Views


GST department arrests construction firm director, looks for two others in Rs 50 crore fraud

   16 June 2022 at 08:46

The director of Jaatvedas Construction Company Private Limited, Hitesh Amrutlal Patel (42), was arrested by the Maharashtra Goods and Services Tax (GST) Department on Tuesday under a special operation carried out against tax-evading firms.

Posted in GST |   6183 Views


IBBI amends Insolvency Resolution Process for Corporate Persons Regulations, 2016

   16 June 2022 at 08:46

Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

Posted in Corporate Law |   1737 Views


CBDT released Excel Offline Utility for ITR-5

   15 June 2022 at 14:10

CBDT has released Excel Offline Utility dated June 14, 2022 for ITR-5.

Posted in Income Tax |   4344 Views


CBDT notifies 331 as Cost Inflation Index for FY 2022-23

   15 June 2022 at 10:24

CBDT notifies Cost Inflation Index for FY 2022-23 at 331 vide Notification No. 62/2022-Income Tax dated: 14th June, 2022.

Posted in Income Tax |   16662 Views


RBI asks banks to review finance to Government-owned entities

   15 June 2022 at 08:39

Banks are advised to carry out a review and place before their Boards, a comprehensive report on the status of compliance with the instructions within three months from the date of this circular.

Posted in Others |   1407 Views


GST Officer from Rajasthan arrested for allegedly taking bribe

   15 June 2022 at 08:39

The Rajasthan Anti-Corruption Bureau on Tuesday arrested a Central Goods and Services Tax (CGST) officer in Bharatpur district with bribe money of ₹ 4 lakh

Posted in GST  1 comments |   5358 Views


RBI's regulation review authority moots periodic review of existing rules

   14 June 2022 at 08:45

Periodic review of existing regulations has been suggested for aligning them with evolving developments in the industry practices and financial landscape.

Posted in Others |   2049 Views


Amit Mitra urges FM Sitharaman to extend GST compensation from 3 to 5 years

   14 June 2022 at 08:45

Former West Bengal Finance Minister Amit Mitra has written a letter to Union Finance Minister Nirmala Sitharaman urging her to continue to provide GST compensation to the States for the next three to five years beyond June 2022.

Posted in GST  1 comments |   3846 Views