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GST Officials Detects 14,597 Tax Evasion Cases from April to December

   07 February 2024 at 09:03

In a recent disclosure to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary revealed the proactive measures undertaken by GST officers to curb tax evasion.

Posted in GST |   4971 Views


Government Initiatives Boost MSME Sector Towards 'Viksit Bharat' Goal

   07 February 2024 at 09:02

Towards achieving the 'Viksit Bharat' objective, the Ministry of Micro, Small and Medium Enterprises implements various schemes for the benefit of MSME sector across the country

Posted in Corporate Law |   2499 Views


Paytm Under ED Scrutiny for Betting and Money Laundering Allegations

   07 February 2024 at 09:01

The Directorate of Enforcement (ED) has initiated a comprehensive investigation into Paytm dating back to 2021, revealing potential ties to money laundering and illicit betting activities, according to credible sources.

Posted in Income Tax |   4503 Views


GST Notices Surge Prompts Push for Risk-Based State Assessments

   07 February 2024 at 09:00

India's corporate sector is currently grappling with a flood of show-cause notices regarding Goods and Services Tax (GST) payments, prompting a call for increased scrutiny and a shift towards risk-based assessments by state authorities.

Posted in GST |   2514 Views


Govt Accumulates Over Rs 600 Crore in Penalties for Delayed PAN-Aadhaar Linking

   06 February 2024 at 15:15

In a recent disclosure to the Parliament, Minister of State for Finance Pankaj Chaudhary unveiled staggering figures regarding the ongoing issue of linking Permanent Account Numbers (PAN) with Aadhaar

Posted in Income Tax |   2952 Views


Revenue Secretary Vows to Curb GST Flexibility Abuse by Buyers and Sellers

   06 February 2024 at 07:53

In a recent interview, Revenue Secretary Sanjay Malhotra unveiled the government's proactive stance towards curbing Goods and Services Tax (GST) evasion, emphasizing measures to prevent abuse of corrective flexibility granted to businesses.

Posted in GST |   2271 Views


GST Appellate Tribunals (GSTAT) Anticipated to Launch by July or August 2024

   06 February 2024 at 07:51

In a recent interview, Revenue Secretary Sanjay Malhotra disclosed that the long-awaited Goods and Services Tax (GST) Appellate Tribunals, aimed at resolving taxpayer disputes within the indirect tax framework, are on the cusp of commencing operations.

Posted in GST |   4488 Views


RBI Ban on Paytm Payments Bank and Its Implications for FASTags

   05 February 2024 at 09:24

Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank, prohibiting it from accepting deposits or top-ups in any customer account, including FASTags, after February 29, 2024.

Posted in Others  1 comments |   6813 Views


Enhanced GST System Introduced with Innovative e-Invoice Portal

   05 February 2024 at 09:20

The Government of India, in collaboration with States and Union Territories, has unveiled an upgraded Goods and Services Tax (GST) system, incorporating the advanced e-Invoice System.

Posted in GST  1 comments |   5796 Views


GST Council Contemplates Pan-India Biometric Authentication Rollout for Registration, Says CBIC Chief

   05 February 2024 at 09:18

In a significant move to combat fraudulent practices in GST registration, the GST Council is considering a proposal to make biometric-based Aadhaar authentication mandatory pan-India for individuals deemed suspicious, seeking GST registration

Posted in GST |   3264 Views



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