The Reserve Bank of India (RBI) conducted a variable rate reverse repo (VRRR) auction on Friday, but banks remained reluctant to park funds with the central bank.
Central Government releases ₹1,18,280 crore as 3rd instalment of tax devolution to State Governments as against normal monthly devolution of ₹59,140 crore
Finance Ministry is going to come out with a detailed clarification regarding TCS (Tax Collected at Sources) on Liberalised Remittance Scheme (LRS), a senior Government official said on Friday.
An income tax assessee will get 21 days to respond to notices issued by the Central Processing Centre (CPC) regarding set-off and withholding of refund.
Special teams have been constituted by the DGGI and an analysis of records revealed these operational 1,000 shell companies have evaded Goods and Services Tax (GST) of more than Rs 700 crore.
Offline Excel utility of ITR-5 for AY 2023-24 is available for filing
Income Tax Department has released offline utilities for ITR-1 and ITR-4 for the assessment year 2023-24.
The Madhya Pradesh Goods and Services Tax (GST) department has unearthed a massive fraud involving at least 30 fake firms and over 150 entities.
Three traders of FMCG were arrested in Madurai for evasion of Rs 75 crore in GST. The Directorate General of GST Intelligence (DGGI) conducted raids on the premises of the three traders on May 11, 2023.
The Central Board of Direct Taxes (CBDT) has enabled the filing of Form 10A for regular registration/approval for Assessment Year (AY) 2022-23.
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