A Bihar-based daily wage labourer, who earns Rs 10,000 to Rs 20,000 per month was shocked to his core as he received an income tax notice of Rs 14 crore at his house in Rohtas.
The government on Tuesday informed Rajya Sabha that GST compensation of Rs 17,176 crore is pending to states as on June 2022.
The CBI has arrested a Superintendent of CGST, Anti-Evasion Unit, Vashi, Navi Mumbai (Maharashtra) in a bribery case for demanding a bribe of Rs 20 Lakh for closing an investigation and not arresting the accused in a GST evasion case.
The Ministry of Corporate Affairs (MCA) is planning to introduce staggered deadlines for the submission of compliance documents, said a senior government official.
It is now time that India widens the tax base for both direct tax and indirect tax, said Union Finance Minister Nirmala Sitharaman.
CBIC has booked over 8,200 cases involving revenue of over Rs. 62,000 crore since inception of GST till date.
The chief of the Central Board of Indirect Taxes (CBIC) has announced that the Centre and states are working on pilot projects on sharing of data with discoms and property tax details to identify non-GST registered businesses.
Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 25.90%
The CBDT vide Instruction No. 2/2022 dated December 15, 2022 has issued the Standard Operating Procedure ("SOP") on the filing of Appeals/Special Leave Petitions ("SLPs") by the Income Tax Department in the Supreme Court and related matters.
Finance Minister Nirmala Sitharaman will chair the 48th GST Council meeting virtually today. The Federal indirect tax body may consider over a dozen of changes to bring clarity to tax provisions.
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