In a move aimed at enhancing tax compliance and revenue generation, the Goods and Services Tax (GST) authorities are closely scrutinizing credit card and e-tail (electronic retail) partnerships.
Finance Minister Nirmala Sitharaman has said that the Goods and Services Tax (GST) regime has reduced the tax burden on people and created an efficient federal institution with high revenue buoyancy for states.
The Centre is expected to soon notify rules for setting up GST appellate tribunals. This was announced by a senior CBIC official on Monday, July 3, 2023.
The Central Board of Indirect Taxes and Customs (CBIC) has identified over 12,000 fake entities in GST registration. These entities were used to claim fake Input Tax Credit (ITC) and defraud the exchequer.
The results of the Chartered Accountants Final and Intermediate Examination held in May 2023 are likely to be declared on Wednesday, the 05th July, 2023
The Institute of Chartered Accountants of India (ICAI) has released the study material for the new scheme of education and training.
FAQs on New Scheme of Education and Training
GSTN enabled online facility for the Taxpayers to track status of refund application in real time
GSTN enabled the new facility to withdraw the appeal application introduced for Taxpayers, in case there are errors in the appeal application.
The Income-Tax Department has been focusing its efforts on promoting voluntary compliance. In this endeavour, information is received about financial transactions of taxpayers from Reporting Entities,
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