DGGI has launched a sweeping investigation into suspected tax evasion amounting to approximately ₹850 crore by major commercial tutoring institutions for the fiscal years 2020-21 and 2021-22.
In a recent development, notices have been issued to 324 businesses and retailers suspected of dodging taxes and violating GST provisions.
Biocon Ltd, a leading biopharmaceutical company, disclosed in a regulatory filing that it has been served with an order of adjudication, imposing a penalty of Rs 3,03,78,465.
In a significant development aimed at facilitating smoother access to credit for businesses, the Government of India has granted permission to the GSTN to share data of GST-registered entities with RBI 'Public Tech Platform for Frictionless Credit'.
Advisory: Enhanced E-Invoicing Initiatives & Launch of Enhanced https://einvoice.gst.gov.in portal
Assistant Commissioner of Commercial Tax, Mahesh Patil, lauded the Goods and Services Tax (GST) as a monumental achievement in India's tax history, asserting its transformative impact on tax collection mechanisms.
MSME Minister Narayan Rane has initiated a transformative scheme tailored for Informal Micro Enterprises (IMEs), aiming to enhance their access to credit facilities and alleviate financial constraints.
In a proactive move to bolster anti-smuggling measures, the CBIC has issued Instruction No. 02/2024-Customs, dated February 15, 2024.
In a significant development, the Goods and Services Tax (GST) department has initiated action against numerous builders, issuing notices to reverse Input Tax Credit (ITC) claimed for the fiscal years 2017-18 and 2018-19.
In a recent development, Star Health and Allied Insurance Company Ltd disclosed receiving a significant tax demand order amounting to Rs 170 crore
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