Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B)
The GST officers have busted a nexus of more than 30 fake firms, who have availed ineligible input tax credit (ITC) of over Rs 50 crore, the Finance Ministry said on Wednesday.
CBDT extends the time limits for submission of certain TDS/TCS Statements. Due date for filing of TDS/TCS statements in Form Nos. 26Q, 27Q & 27EQ for first quarter of FY 2023-24 has been extended to 30th September, 2023.
The Income Tax Department has been cracking down on social media influencers who have been flaunting their overseas holidays and luxury shopping on social media, but paying zero or "substantially low" tax.
No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs. 7 lakh per individual per annum Government gives more time for implementation of revised TCS rates
CGST Delhi West Commissionerate busts nexus of more than 30 fake firms and arrests a person in special drive against fake registrations
According to a recent report, the government is considering making e-invoicing mandatory for GST businessmen with an annual turnover above Rs 1.5 crore from next year.
Due date for filing GSTR-3B for the month of May 2023 has been extended for taxpayers whose principal place of business is located in the districts of Kutch, Jamnagar, Morbi, Patan, and Banaskantha in the state of Gujarat.
Over 1 crore ITRs have been filed till 26th June this year compared to 1 crore ITRs filed till 8th of July last year.
ICICI Prudential Life Insurance has received a show-cause cum demand notice (SCN) from the Directorate General of GST Intelligence (DGGI) for an alleged tax liability of Rs 492.06 crore.
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