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CBI arrested CGST Superintendent in a bribary case of Rs 20 lakh to close GST evasion case
21 December 2022 at 08:50The CBI has arrested a Superintendent of CGST, Anti-Evasion Unit, Vashi, Navi Mumbai (Maharashtra) in a bribery case for demanding a bribe of Rs 20 Lakh for closing an investigation and not arresting the accused in a GST evasion case.
MCA plans of introducing staggered deadlines for submission of compliance documents
20 December 2022 at 08:47The Ministry of Corporate Affairs (MCA) is planning to introduce staggered deadlines for the submission of compliance documents, said a senior government official.
FM urges CBDT and GST authorities to widen the tax base for both direct & indirect taxes
20 December 2022 at 08:47It is now time that India widens the tax base for both direct tax and indirect tax, said Union Finance Minister Nirmala Sitharaman.
CBIC detected Rs 62K crore GST evasion via fake invoices till date
20 December 2022 at 08:47CBIC has booked over 8,200 cases involving revenue of over Rs. 62,000 crore since inception of GST till date.
CBIC announces that centre & states engaged on property, discoms information sharing to widen GST payer base
20 December 2022 at 08:47The chief of the Central Board of Indirect Taxes (CBIC) has announced that the Centre and states are working on pilot projects on sharing of data with discoms and property tax details to identify non-GST registered businesses.
Gross direct tax collection grows 25.90% to Rs.13.63 lakh crore for FY 2022-23
19 December 2022 at 08:39Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 25.90%
CBDT issued SOP on filing of Appeals / SLPs by IT Dept in Supreme Court and related matters
19 December 2022 at 08:39The CBDT vide Instruction No. 2/2022 dated December 15, 2022 has issued the Standard Operating Procedure ("SOP") on the filing of Appeals/Special Leave Petitions ("SLPs") by the Income Tax Department in the Supreme Court and related matters.
Key Highlights of 48th GST Council Meeting
17 December 2022 at 08:17Finance Minister Nirmala Sitharaman will chair the 48th GST Council meeting virtually today. The Federal indirect tax body may consider over a dozen of changes to bring clarity to tax provisions.
ICAI MSME Yatra enters India Book of Records for Maximum Programmes in Maximum Cities
17 December 2022 at 08:11The Committee on MSME & Start-up of the Institute of Chartered Accountants of India (ICAI) entered into the INDIA BOOK OF RECORDS for covering MSME programmes in the maximum number of cities during ICAI MSME Yatra & Setu.
SC: IT department cannot initiate reassessment proceedings during pendency of rectification proceedings
16 December 2022 at 11:31The Supreme Court has held that the income tax department cannot initiate the reassessment proceedings during the pendency of the rectification proceedings.The division bench of Justice M.R. Shah and Justice C.T. Ravikumar has observed that the Punja
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