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GST department arrests construction firm director, looks for two others in Rs 50 crore fraud

   16 June 2022 at 08:46

The director of Jaatvedas Construction Company Private Limited, Hitesh Amrutlal Patel (42), was arrested by the Maharashtra Goods and Services Tax (GST) Department on Tuesday under a special operation carried out against tax-evading firms.

Posted in GST |   6204 Views


IBBI amends Insolvency Resolution Process for Corporate Persons Regulations, 2016

   16 June 2022 at 08:46

Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

Posted in Corporate Law |   1761 Views


CBDT released Excel Offline Utility for ITR-5

   15 June 2022 at 14:10

CBDT has released Excel Offline Utility dated June 14, 2022 for ITR-5.

Posted in Income Tax |   4356 Views


CBDT notifies 331 as Cost Inflation Index for FY 2022-23

   15 June 2022 at 10:24

CBDT notifies Cost Inflation Index for FY 2022-23 at 331 vide Notification No. 62/2022-Income Tax dated: 14th June, 2022.

Posted in Income Tax |   16866 Views


RBI asks banks to review finance to Government-owned entities

   15 June 2022 at 08:39

Banks are advised to carry out a review and place before their Boards, a comprehensive report on the status of compliance with the instructions within three months from the date of this circular.

Posted in Others |   1428 Views


GST Officer from Rajasthan arrested for allegedly taking bribe

   15 June 2022 at 08:39

The Rajasthan Anti-Corruption Bureau on Tuesday arrested a Central Goods and Services Tax (CGST) officer in Bharatpur district with bribe money of ₹ 4 lakh

Posted in GST  1 comments |   5379 Views


RBI's regulation review authority moots periodic review of existing rules

   14 June 2022 at 08:45

Periodic review of existing regulations has been suggested for aligning them with evolving developments in the industry practices and financial landscape.

Posted in Others |   2064 Views


Amit Mitra urges FM Sitharaman to extend GST compensation from 3 to 5 years

   14 June 2022 at 08:45

Former West Bengal Finance Minister Amit Mitra has written a letter to Union Finance Minister Nirmala Sitharaman urging her to continue to provide GST compensation to the States for the next three to five years beyond June 2022.

Posted in GST  1 comments |   3858 Views


CBIC Chairman: GST council will decide on compensation cess

   13 June 2022 at 08:53

The GST council will take a decision on the demand by Goa and other smaller states on continuing with compensation cess, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said.

Posted in GST |   1509 Views


IT Department aims to spread tax literacy among children through games, puzzles and comics

   13 June 2022 at 08:53

CBDT has brought out products to introduce concepts related to taxation, often perceived to be complicated, to high school students through board Games, puzzles and comics. 

Posted in Income Tax |   3321 Views



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