CAclubindia News

Uttarakhand businessman sentenced to 5 years for ITC fraud of Rs. 17 crore

22 December 2022 at 08:35

A businessman in Uttarakhand's Haridwar district has been sentenced to five years in jail for an input tax credit fraud of Rs. 17 crore.

Posted in GST | 7428 Views

Bihar-based daily wage labourer gets income tax notice of Rs 14 crore

21 December 2022 at 08:52

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.

Posted in Income Tax | 6768 Views

GST compensation of Rs 17,176 crore pending to states as on June 2022

21 December 2022 at 08:50

The government on Tuesday informed Rajya Sabha that GST compensation of Rs 17,176 crore is pending to states as on June 2022.

Posted in GST | 4410 Views

CBI arrested CGST Superintendent in a bribary case of Rs 20 lakh to close GST evasion case

21 December 2022 at 08:50

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.

Posted in GST | 7122 Views

MCA plans of introducing staggered deadlines for submission of compliance documents

20 December 2022 at 08:47

The Ministry of Corporate Affairs (MCA) is planning to introduce staggered deadlines for the submission of compliance documents, said a senior government official.

Posted in Corporate Law | 4521 Views

CBIC detected Rs 62K crore GST evasion via fake invoices till date

20 December 2022 at 08:47

CBIC has booked over 8,200 cases involving revenue of over Rs. 62,000 crore since inception of GST till date.

Posted in GST | 5457 Views

FM urges CBDT and GST authorities to widen the tax base for both direct & indirect taxes

20 December 2022 at 08:47

It is now time that India widens the tax base for both direct tax and indirect tax, said Union Finance Minister Nirmala Sitharaman.

Posted in GST | 4665 Views

CBIC announces that centre & states engaged on property, discoms information sharing to widen GST payer base

20 December 2022 at 08:47

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.

Posted in GST | 3987 Views

Gross direct tax collection grows 25.90% to Rs.13.63 lakh crore for FY 2022-23

19 December 2022 at 08:39

Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 25.90%

Posted in Income Tax | 4137 Views

CBDT issued SOP on filing of Appeals / SLPs by IT Dept in Supreme Court and related matters

19 December 2022 at 08:39

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.

Posted in Income Tax | 9447 Views