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Income Tax officials raid RS Brothers in Hyderabad

   15 October 2022 at 07:30

Income Tax department officials conducted raids on RS Brothers stores located at different places in Hyderabad on Friday. Raids were conducted at RS Brothers showrooms at Ameerpet, Chandanagar, Dilsukhnagar, Kukatpally, Mehadipatnam, Patny, Suchitra,

Posted in Income Tax |   3423 Views


E-way bills shot up to a record high of over 84 million in Sept 2022

   14 October 2022 at 14:03

Electronic permits for transporting goods within and across states (e-way bills) shot up to a record high of over 84 million in September, signalling a strong boost to economic activity in the festive season.

Posted in GST |   4305 Views


Packaged parathas, unlike chapatis, to attract 18% GST: Gujarat AAAR

   14 October 2022 at 08:44

The Gujarat Appellate Authority for Advance Ruling (GAAAR) upheld the order by the GAAR in an application filed by Vadilal Industries.

Posted in GST  1 comments |   3804 Views


SC: Employers to deposit Employees Contribution of EPF/ESI to avail deductions u/s 36(1)(va) and 43B of IT Act

   14 October 2022 at 08:44

The Supreme Court observed that employers have to deposit the employee's contribution towards EPF/ESI on or before the due date for availing deduction under Sections 36(1)(va) and 43B of the Income Tax Act, 1961.

Posted in Income Tax |   16341 Views


Karnataka overtakes Gujarat to take the second place in H1 GST collections

   13 October 2022 at 08:38

Karnataka has overtaken Gujarat in items and companies tax collections within the first six months of this fiscal 12 months, taking the second place behind Maharashtra amongst states.

Posted in GST  1 comments |   4032 Views


Delhi HC rules against tax on income from FDRs until ownership is proved

   13 October 2022 at 08:38

The Delhi High Court has held that income tax cannot be levied on the interest income from fixed deposits till the ownership is determined by the arbitral tribunal.

Posted in Income Tax  2 comments |   4716 Views


ACB Gujarat nabbed GST officer, CA & other middlemen in a bribe case

   12 October 2022 at 08:28

Anti Corruption Bureau (ACB) Gujarat has booked the state tax officer of the State Tax department in Ahmedabad along with two middlemen including one Chartered Accountant (CA) in a bribe case involving the sum of Rs 35 thousand.

Posted in GST  1 comments |   8064 Views


E-invoices must for businesses with over Rs. 5 crore turnover a year

   11 October 2022 at 14:10

Businesses with annual turnover of over Rs. 5 crore will have to move to e-invoicing under goods and services tax (GST) from January 1. The GST Network has asked its technology providers to make the portal ready to handle the increased capacity by De

Posted in GST |   20145 Views


CBDT notifies Income-tax (Thirty-Third Amendment) Rules, 2022

   11 October 2022 at 08:44

CBDT makes rules further to amend the Income-tax Rules, 1962

Posted in Income Tax |   8613 Views


ICAI releases 3rd edition of IFRS for SMEs Accounting Standard

   11 October 2022 at 08:44

Exposure Draft of the third edition of the IFRS for SMEs Accounting Standard issued by the IASB.

Posted in Accounts |   6201 Views



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