In a major crackdown on GST fraud, two individuals, Umang Darji and Ravi Soni, have been arrested for orchestrating a large-scale fraudulent operation involving fake rubber stamps and bogus GST input tax credits.
In a significant development for Micro, Small, and Medium Enterprises (MSMEs), Finance Minister Nirmala Sitharaman announced on Tuesday that the government is open to repealing the recent changes to Section 43B of the Income Tax Act.
CBDT has released two significant notifications on May 27, 2024, introducing higher rates of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for individuals and entities failing to furnish their Income Tax Returns (ITR).
The Ministry of Corporate Affairs (MCA) has intensified its examination of beneficial ownership standards for companies controlled by foreign investors, leading to significant compliance implications, according to legal experts.
Shri Shaktikanta Das, Governor, Reserve Bank of India launched three major initiatives of the Reserve Bank of India, namely the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository
GSTN is pleased to inform that NIC is releasing the E-Way Bill 2 Portal (https://ewaybill2.gst.gov.in) on 1st June 2024.
The Noida Police have made a significant breakthrough in the ongoing probe into the multi-crore GST scam by arresting a 45-year-old man from Haryana.
The Central Board of Direct Taxes (CBDT) has recently issued a notification detailing the process for the scrutiny of income tax returns (ITRs) for the financial year 2024-25.
The Tamil Nadu GST Department has released Circular No. 4/2024 (PP2/GST-15/29/2024), dated May 20, 2024, detailing the Standard Operating Procedure (SOP) for newly registered taxpayers.
ICICI Lombard General Insurance Company Ltd has been issued a GST show-cause notice amounting to ₹288 crore for the fiscal year 2020, according to a report by CNBC-TV18 shared on X (formerly Twitter) on Thursday.
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