Real estate developers have reportedly approached Finance Minister Nirmala Sitharaman, urging amendments to the recent circular imposing an 18% Goods and Services Tax (GST) on corporate guarantees
In a bid to ensure accurate tax compliance, the Income Tax department is intensifying its efforts to reconcile discrepancies between the tax deducted at source (TDS) by companies and the declarations made by employees in their annual I-T returns.
The Assam GST Department issued Instruction No. 13/2023-GST dated December 26, 2023, regarding notices issued based on IIT Big Data Software.
The Government is reportedly considering permitting the filing of updated or revised returns under the GST.
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Vedanta Limited reported that its subsidiary, Bharat Aluminium Company Limited (BALCO), has been served with a Goods and Services Tax (GST) demand notice amounting to Rs 84 crore.
Income Tax Department has reiterated its commitment to maintaining the highest standards of ethical conduct among its officers and officials.
Central Board of Direct Taxes (CBDT), operating under the Department of Revenue, Ministry of Finance, has recently released a set of updated E-Brochures under the Income Tax domain.
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