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CGST officers busts Rs. 142 Crore fake GST invoice racket

   09 September 2022 at 08:42

Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket, which was used to pass on fake GST Input Tax Credit (ITC) of Rs. 27.80 crore on invoices of Rs 142 Crore

Posted in GST |   4788 Views


ICAI | External Confirmations through Third Party Vendors

   08 September 2022 at 08:45

External confirmations have been an important and integral part of audit procedure in order to obtain sufficient appropriate audit evidence in line with requirement prescribed in various Standards on Auditing (SAs).

Posted in Professional Resource |   5424 Views


GST wing of CBIC conducts tax inspections against insurance companies

   08 September 2022 at 08:45

The Goods and Services Tax wing of the Central Board of Indirect Taxes and Customs (CBIC) has carried out tax searches and inspections against several insurance companies.

Posted in GST |   5484 Views


CBDT grants IT exemption to CERSAI under u/s 10 (46)

   07 September 2022 at 08:37

The central government has granted income tax exemption to Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a body set up to record security interest of lenders on assets.

Posted in Income Tax |   2943 Views


Centre releases Rs 7183 crore as revenue deficit grant to 14 states

   07 September 2022 at 08:37

Revenue Deficit Grant of Rs. 7,183.42 crore released to 14 States

Posted in Others |   1791 Views


Financial Market Reforms: Approach and Expectations

   06 September 2022 at 08:29

Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - September 05, 2022 - at FIMMDA annual event, Mumbai

Posted in Others |   2001 Views


No GST on using washrooms of Executive Lounges at railway stations: IRCTC

   05 September 2022 at 08:37

IRCTC (Indian Railway Catering and Tourism Corporation) has denied media reports that separate GST is applicable for using washrooms in waiting rooms of Railway stations.

Posted in GST |   3423 Views


Over 1.55 lakh updated ITRs filed in May-September 2022

   05 September 2022 at 08:37

Over 1.55 lakh updated income tax returns (ITR-U) have been filed up to September 2, the income tax department said on Sunday.

Posted in Income Tax |   3456 Views


SC allows 4 weeks extension to open GST portal for filing transitional credit w.e.f 1st October

   04 September 2022 at 10:16

Hon'ble Supreme Court while hearing an application from GSTN, has allowed extension of 4 weeks time to comply with their order dated 22/07/2022

Posted in GST |   5838 Views


CBDT issues refunds to more than 1.97 crore taxpayers between 1st April to 31st August 2022

   03 September 2022 at 12:59

CBDT issues refunds of over Rs. 1.14 lakh crore to more than 1.97 crore taxpayers between 1st April, 2022 to 31st Aug, 2022.

Posted in Income Tax |   1875 Views



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