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The Gross Direct Tax collections are at Rs. 12.37 lakh crore, which is 17.59% higher than the gross collections for the corresponding period of last year. Direct Tax collection
Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023
In a recent statement, the CBIC revealed that the impressive rise in GST collections in October was primarily driven by robust economic activity within the country, dispelling rumors that it was solely due to tax notices issued to various companies.
In a significant legal victory for Vodafone Idea Ltd, the Bombay High Court has ruled in favor of the telecom giant, ordering the Income Tax Department to refund INR 1,128.47 crores in taxes paid during the assessment year 2016-17, along with interest.
In a recent address, FM Nirmala Sitharaman highlighted the Finance Ministry's commitment to broadening the GST regime's reach, emphasizing the importance of including all businesses rather than merely focusing on revenue enhancement.
Empanelment of Chartered Accountant firms/LLP by Office of C&AG from the empanelment year 2024-2025
UltraTech Cement, a leading player in the cement industry, has encountered a GST setback as it received an order from the Assistant Commissioner, CGST & C. Ex Division 3, Bhavnaga
Union Government authorises release of tax devolution of ₹72,961.21 crore to all State Governments for November, 2023; three days ahead of the usual date of 10th November
Advisory No. 27/2023 was issued by the Directorate General of Systems and Data Management, Central Board of Indirect Taxes and Customs (CBIC), on November 7, 2023.
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