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GST Authorities Withdraw Rs 202.83 Crore GST Demand Against Jagran Prakashan

   21 June 2024 at 08:53

In a significant relief to Jagran Prakashan, the publisher of the widely-read Hindi daily Dainik Jagran, the government has rescinded a substantial goods and services tax (GST) demand totaling Rs 202.83 crore.

Posted in GST |   5283 Views


FM Nirmala Sitharaman Chairs First Pre-Budget Consultation with Leading Economists

   21 June 2024 at 08:45

On Wednesday, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the first pre-budget consultation in preparation for the General Budget 2024-25.

Posted in Union Budget |   2541 Views


Govt May Raise Tax Exemption Limit To Rs 5 Lakh Under New Tax Regime

   20 June 2024 at 09:03

Multiple officials have indicated that the Centre may raise the income threshold for tax exemption in the upcoming budget, expected to be presented in mid-July...

Posted in Income Tax  1 comments |   3768 Views


Businessman Denied Pre-Arrest Bail in Rs 13 Crore GST Fraud Case

   20 June 2024 at 09:02

In a significant development in the ongoing GST fraud investigation, a local court has denied pre-arrest bail to businessman Ritesh Garg.

Posted in GST |   1044 Views


Budget 2024: Govt Poised to Slash Personal Income Tax Rates

   19 June 2024 at 08:49

The government is reportedly considering significant reforms to the current income tax structure, specifically targeting lower income levels, to enhance consumption and stimulate economic activity.

Posted in Union Budget |   3801 Views


Gross Direct Tax collections for FY 2024-25 register a growth of 22.19%

   19 June 2024 at 08:47

The provisional figures of Direct Tax collections for the Financial Year 2024-25 (as on 17.06.2024) show that Net collections are at Rs. 4,62,664 crore, compared to Rs. 3,82,414 crore 

Posted in Income Tax |   528 Views


GST Officials Conduct Raids on 18 Resorts and 15 Water Parks Statewide

   18 June 2024 at 09:08

In a significant crackdown on tax evasion, state GST officials have conducted raids at 18 resorts in the Gir Somanath and Dwarka districts, uncovering suspicious transactions worth Rs 16.29 crore.

Posted in GST |   4191 Views


Income Tax Department Releases ITR 3 Validation Rules for AY 2024-25

   18 June 2024 at 08:58

In an effort to enhance data quality and accuracy in tax returns, the Income Tax Department has introduced ITR 3 validation rules for the Assessment Year 2024-25.

Posted in Income Tax |   3921 Views


Major GST Bogus Billing Racket Worth Rs 1K Crore Busted by CID Crime

   18 June 2024 at 08:57

In a significant crackdown on financial fraud, CID Crime on Thursday uncovered a major GST bogus billing racket valued at Rs 1,000 crore.

Posted in GST |   6228 Views


Tamil Nadu Recovers Rs 1524 Crore Under IGST with Tax Research Unit's Efforts

   17 June 2024 at 08:57

The Commercial Taxes Department of Tamil Nadu has successfully recovered ₹1,523.95 crore under the Integrated Goods and Services Tax (IGST), thanks to the diligent work of its newly established Tax Research Unit.

Posted in GST |   3183 Views



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