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GST Council to Review Proposal for Exempting Health and Term Life Insurance
20 November 2024 at 09:08The GST Council is anticipated to meet in November, following state elections, to consider a Group of Ministers (GoM) recommendation to exempt health and term life insurance from GST.
Daily Wager Faces Rs 1.08 Crore GST Penalty in Shocking Identity Theft Case
20 November 2024 at 09:08In a startling case of identity theft and GST fraud, Rajendra Kumar Yadav, a daily wager from Dumardiha village in Koderma district, Jharkhand, has been slapped with a ₹1.08 crore penalty notice from the GST and Central Excise Department, Mumbai.
Shri K. Sanjay Murthy Appointed as Comptroller and Auditor General of India
20 November 2024 at 09:03The Ministry of Finance, Department of Economic Affairs, has officially announced the appointment of Shri K. Sanjay Murthy as the Comptroller and Auditor General (CAG) of India.
GST Fitment Committee Reviews Taxability of Delivery Charges by Food Delivery Apps
20 November 2024 at 09:01State and central GST officials, forming the fitment committee, are reviewing the tax treatment of delivery charges levied by food delivery platforms like Swiggy and Zomato.
RBI Warns Public Against Deepfake Videos of Top Officials Offering Financial Advice
20 November 2024 at 09:00RBI cautions public on deepfake videos of Top Management circulated over social media giving financial advice
CBDT Chairman Dedicates Taxpayers' Lounge at IITF 2024, Launches Brochures on Direct Taxation
19 November 2024 at 09:01CBDT releases five informational brochures on various aspects of direct taxation for ease of understanding and taxpayers' facilitation at IITF
CBDT Allows Condonation of Delay for Filing Forms 9A, 10, 10B and 10BB for AY 2018-19 Onwards
19 November 2024 at 08:54CBDT has issued Circular No. 16/2024 dated November 18, 2024, addressing the condonation of delay in filing critical income tax forms Form No. 9A, 10, 10B, and 10BB for the Assessment Year (AY) 2018-19 and subsequent assessment years.
CBIC Extends GSTR-3B Filing Deadline for Oct 2024 to Nov 21 for Maharashtra and Jharkhand
19 November 2024 at 08:52In a move aimed at providing relief to taxpayers, the CBIC has issued Notification No. 26/2024 – Central Tax dated November 18, 2024, extending the due date for filing GSTR-3B returns for the month of October 2024.
CBI Arrests Two CBDT Officers in Panaji for Alleged Bribe in Pending Contractor Bills Case
18 November 2024 at 05:13The Central Bureau of Investigation (CBI) arrested two assistant accounts officers of the CBDT, Pankaj Kumar and Aul Wani, in Panaji on Friday for allegedly demanding and accepting a bribe to clear pending bills of a contractor.
Govt Highlights Shift in Tax Burden and Rising Taxpayer Base Over the Last Decade
18 November 2024 at 05:13The government has claimed a significant reduction in the tax burden on middle-class individuals earning less than ₹20 lakh annually over the past decade, while the tax contributions from high-income earners (above ₹50 lakh) have surged.
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