The Ministry of Corporate Affairs (MCA) is set to strike off up to 400 Chinese companies across 17 states in the next three months due to incorporation and financial frauds, according to a government official.
The Central Government has issued a critical advisory to taxpayers regarding a new wave of phishing scams involving fraudulent income tax refund messages.
In a significant move that could avert a potentially damaging tax litigation, the central government is likely to accept Infosys Ltd.’s plea that GST does not apply to the services the company avails from its offshore branch offices.
According to CBDT, 72% of those who filed their returns by the July 31 deadline opted for the new tax regime, contributing to a record high of almost 7.29 crore Income Tax return filings.
IntroductionThe Central Board of Indirect Taxation and Customs (CBIC) has directed field authorities to adhere to its June 26 circular when evaluating issues concerning the related party import of services by local firms.
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The Union Budget has introduced a series of tax simplification measures, with significant implications for TCS compliance. Ravi Agarwal, Chairman of the CBDT, has hinted at the potential decriminalisation of delays in TCS filings
In a move to bolster the security of digital transactions, the Reserve Bank of India (RBI) has proposed new guidelines aimed at introducing additional layers of authentication.
GSTN team is working on the changes announced by GST Council in respect of GSTR 8
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Jammu & Kashmir and West Bengal
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