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GSTN Under Money Laundering Law for Risk Assessment, says CBIC Chairman

   26 July 2023 at 08:44

CBIC Chairman, Vivek Johri, clarified that there is no reverse flow of information that will happen after bringing the Goods and Service Tax Network (GSTN) under the ambit of the PMLA.

Posted in GST |   3210 Views


FM Reveals 1 Lakh Notices Sent Over Under-Reported Income and Non-Filing of Returns

   25 July 2023 at 14:21

The Union Finance Minister, Nirmala Sitharaman, announced that the Centre has sent one lakh notices for non-filing of returns, under-reported income, and misrepresentation of income.

Posted in Income Tax |   21474 Views


Govt's Special Drive Nets 7 Arrests by Central GST Officers for Fake Registration

   25 July 2023 at 08:43

The government has said that 7 individuals have been arrested by Central GST officers during a special drive to detect fake GST registration. The drive was conducted from May 16 to July 15, 2023.

Posted in GST |   7515 Views


e-Invoice System Enhanced with Exemption Declaration Functionality

   25 July 2023 at 08:42

GSTN is pleased to inform you that the e-Invoice Exemption Declaration functionality is now live on the e-Invoice portal

Posted in GST |   10776 Views


FM Nirmala Sitharaman presides over 164th Income Tax Day celebrations at New Delhi

   25 July 2023 at 08:41

The 164th anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field offices across India today.

Posted in Income Tax |   3762 Views


ICAI released Guidance Note on Tax Audit u/s 44AB of IT Act for AY 2023-24

   24 July 2023 at 08:44

The Institute of Chartered Accountants of India (ICAI) has released the Exposure Draft Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 for the Assessment Year 2023-24.

Posted in Audit |   69672 Views


Taxman Targets Salaried Individuals: Notices Issued for Exemption Proof

   24 July 2023 at 08:43

The Income Tax department is taking action by sending notices to individuals who have claimed exemptions under various sections of the Income Tax Act

Posted in Income Tax |   15864 Views


GSTN released Offline Utility for GSTR-9 & GSTR-9C for FY 2022-2023

   24 July 2023 at 08:42

The Goods and Services Tax Network (GSTN) has released the offline utility for GSTR-9 and GSTR-9C for the financial year 2022-2023. The utility can be downloaded from the GST portal.

Posted in GST |   11121 Views


IT Dept urges NRIs with inoperative PANs to submit NRI status and documents to respective AOs

   22 July 2023 at 14:40

The Income Tax Department (ITD) has requested NRIs with inoperative PANs to submit their NRI status and supporting documents to their respective Assessing Officers (AOs).

Posted in Income Tax |   9456 Views


Tech Giants Xiaomi, Oppo, Vivo and Lenovo Under Probe for Alleged GST Evasion

   22 July 2023 at 09:25

Several Chinese handset makers, including Xiaomi, Realme, Oppo, Vivo, and Oneplus, have allegedly evaded significant amounts of Goods and Services Tax (GST) and customs duties over the past five years

Posted in GST  1 comments |   14856 Views



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