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GST Probe Expands: 10 Additional Insurers to Receive Notices Soon

   18 May 2023 at 08:36

The goods and services tax department has widened the probe against insurance companies for alleged wrongful availment of input tax credit.

Posted in GST |   3384 Views


GST Registration Advisory on New Functionality to view Aadhaar Authentication Status

   17 May 2023 at 08:47

New functionality to view Aadhaar authentication status, to view/ download e-KYC documents for new registration applications and to upload e-KYC documents in PV report-reg.

Posted in GST |   11553 Views


GSTN enables option to file GSTR-9 & GSTR-9C for FY 2022-23

   17 May 2023 at 08:47

GSTN has enabled the option to file Annual Return and Reconciliation Statement, namely Form GSTR-9 and GSTR-9C on the GST portal for the FY 2022-2023.

Posted in GST |   29454 Views


IT department launches raids on edible oil business group in West Bengal and Assam

   17 May 2023 at 08:47

Income Tax Department conducted search and seizure operations on a business group operating largely in North Bengal region of the State of West Bengal.

Posted in Income Tax |   5787 Views


MCA introduces C-PACE initiative to simplify company striking off process

   16 May 2023 at 08:45

The Ministry of Corporate Affairs (MCA) has moved a step forward by centralising the strike off process of companies with the establishment of the Centre for Processing Accelerated Corporate Exit (C-PACE). 

Posted in Corporate Law |   6024 Views


Finance companies urge RBI to avoid GST by not renaming penal interest as 'charges'

   16 May 2023 at 08:45

The Finance Industry Development Council, a representative body of NBFCs in India, has requested the Reserve Bank of India (RBI) not to classify penal interest as 'charges' due to potential tax implications.

Posted in GST |   4473 Views


Online gaming companies in limbo as GST authorities struggle to take action after Gameskraft probe

   16 May 2023 at 08:45

Dark clouds loom over the post-probe move against online gaming companies by GST Authorities after a ruling by Karnataka High Court in the Gameskraft matter. 

Posted in GST |   5142 Views


Automated GST Scrutiny to trigger notices in cases of data mismatches

   15 May 2023 at 08:38

The central government's rollout of automated scrutiny of Goods and Services Tax (GST) returns this week could lead to assessees getting notices in cases where there are data mismatches between different types of tax returns, said experts.

Posted in GST |   6942 Views


Business community applauds crackdown on fake GST registrations

   15 May 2023 at 08:38

Industrialists, who had been asking GST departments to take action against the rising menace of bogus billing, have welcomed the central government’s move on holding a special all-India drive

Posted in GST |   3975 Views


FM highlights investments via PLI schemes as top priority for economic growth

   15 May 2023 at 08:38

Finance Minister Nirmala Sitharaman stressed the government’s priority to incentivise and encourage expenditures in India through production-linked incentive (PLI) schemes

Posted in Others |   3699 Views



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