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GST Council Proposal: Gaming Companies Set to Gain from Rs 1 Lakh Crore Retro Tax Waiver

   27 June 2024 at 09:08

The Goods and Services Tax (GST) Council's recent recommendation to introduce an amendment allowing the government to overrule retrospective tax demands has sparked hope among India's cash-rich real money gaming (RMG) companies

Posted in GST |   2493 Views


Income Tax Department Releases Complete Income Tax Act, 1961 PDF with Finance Act, 2024 Amendments

   27 June 2024 at 09:01

The Income Tax Department has taken a significant step towards transparency and accessibility by making available the complete Income Tax Act, 1961, as amended by the Finance Act, 2024.

Posted in Income Tax  1 comments |   9378 Views


Tamil Nadu, UP and Maharashtra Lead in Monthly GST Return Filing

   27 June 2024 at 09:00

Uttar Pradesh, Tamil Nadu, and Maharashtra have emerged as frontrunners in filing GST returns on a monthly basis, highlighting their economic prowess, according to data from GSTN, the company processing tax returns.

Posted in GST |   1812 Views


General Insurance Sector Receives Rs 18K Crore Relief as GST Council Drops Tax Demand

   27 June 2024 at 08:59

In a significant move ahead of the Union Budget, the general insurance sector has received a substantial relief amounting to over Rs 18,000 crore.

Posted in GST |   426 Views


Madhya Pradesh Cabinet Ends 1972 Rule: Ministers to Pay Their Own Income Taxes

   26 June 2024 at 09:01

In a landmark move, the Madhya Pradesh Cabinet decided on Tuesday that state ministers will now pay their own income taxes on salaries and allowances

Posted in Income Tax |   2190 Views


GST Council to Reconstitute 3 GoMs as 11 New State Ministers Join

   26 June 2024 at 08:54

On Saturday, the 53rd GST Council meeting marked a significant shift as 11 new ministers from states including Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Madhya Pradesh, Mizoram, Odisha, Rajasthan, Sikkim, Telangana, and Tripura joined the council.

Posted in GST |   2727 Views


Maruti Suzuki Faces Rs 5.4 Crore GST Demand Notice

   25 June 2024 at 09:00

Maruti Suzuki India Limited (MSIL), the nation's largest car manufacturer, has been issued a Goods and Services Tax (GST) demand notice amounting to Rs 5.4 crore

Posted in GST |   540 Views


Businesswoman Arrested in Rs 10,000 Crore GST Fraud Case by Noida Police

   25 June 2024 at 09:00

The Noida Police have successfully apprehended a 40-year-old businesswoman from Coimbatore, Tamil Nadu, for her alleged involvement in a massive ₹10,000 crore Goods and Services Tax (GST) fraud. T

Posted in GST |   1935 Views


53rd GST Council Meeting: List of New Rate Changes for Goods and Services

   25 June 2024 at 09:00

FM chaired a crucial pre-Budget consultation with finance ministers of states and Union Territories. This significant meeting was followed by the 53rd meeting of the GST where several pivotal decisions were made to streamline taxation.

Posted in GST |   5190 Views


Gaming Industry Faces Continued Uncertainty Following 53rd GST Council Meeting

   24 June 2024 at 08:58

The gaming industry is reeling from the recent GST Council meeting, which failed to address its plea for a revised tax structure.

Posted in GST |   2331 Views



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