The Directorate General of GST Intelligence (DGGI) has been investigating Infosys since 2020 in connection with tax evasion allegations related to the import of services from its branch offices abroad.
The Union Ministry of Finance is advancing efforts to curb fraudulent Input Tax Credit (ITC) claims related to the Goods and Services Tax (GST) paid under the Reverse Charge Mechanism (RCM).
GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App.
In a significant move to streamline customs operations, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 45/2024-Customs, effective October 1, 2024.
ICAI reaffirms its commitment to addressing the urgent need for work-life balance and stress management within the profession.
ICICI Lombard General Insurance Co. has been served an income tax demand of ₹1,388.09 crore, including ₹321 crore in interest, by the Office of the Assistant Commissioner of Income-Tax, Mumbai.
In a shocking case of corruption, the Organised Crime Division of the police recovered ₹69 lakh in cash and 306 grams of gold from four GST officials arrested earlier in September for allegedly kidnapping and extorting ₹1.5 crore from businessman
Expectations are rising that the long-awaited simplification of India's Income Tax Act, 1961, could soon become a reality.
The Hon'ble Finance Minister, while presenting the Union Budget 2024-25, announced that a comprehensive review of the Income-tax Act, 1961 for simplification of the language of the Act
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