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Zydus Healthcare Faces Rs 285 Crore Income Tax Demand

   27 December 2023 at 09:25

Indian pharmaceutical major Zydus Life revealed that its wholly-owned subsidiary, Zydus Healthcare Limited (ZHL), has received an Income Tax demand of Rs 284.58 crore

Posted in Income Tax |   2214 Views


Real Estate Developers Urge 18% GST Amendment on Corporate Guarantees in Representation to FM

   27 December 2023 at 09:24

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

Posted in GST |   1929 Views


IT Dept uses fine-tooth comb to nab both employers & employees for TDS claims mismatch

   27 December 2023 at 09:23

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.

Posted in Income Tax |   11781 Views


Assam GST Dept Adopts IIT Big Data Software for Automated DRC-01 Notices

   27 December 2023 at 09:22

The Assam GST Department issued Instruction No. 13/2023-GST dated December 26, 2023, regarding notices issued based on IIT Big Data Software.

Posted in GST |   3201 Views


Taxpayers Likely to File Revised GST Returns Starting April 2025

   26 December 2023 at 10:43

The Government is reportedly considering permitting the filing of updated or revised returns under the GST.

Posted in GST |   3609 Views


State Taxes Department Triumphs with Rs 3.16 Crore Recovery in GST Penalties

   26 December 2023 at 09:07

Deputy Commissioner Ranjeet Singh Leads Kathua's Enforcement Wing to a 73% Surge in Revenue, Collects Rs 3.16 Crore in Penalties

Posted in GST |   1956 Views


Thane Resident Faces Rs 23 Lakh GST Notice as Scammers Use Stolen KYC in Elaborate Job Scam

   26 December 2023 at 09:07

Thane Resident Falls Victim to Elaborate Job Scam, Faces Rs 23 Lakh GST Default Notice

Posted in GST |   2106 Views


TVS Electronics Faces Rs 17 Crore GST Hit as Assessment Order Triggers Financial Concerns

   26 December 2023 at 09:06

TVS Electronics Faces Rs 17.04 Crore GST Litigation, Responds with Detailed Rebuttal

Posted in GST |   2673 Views


Vedanta's Subsidiary, BALCO Faces Rs 84 Crore GST Demand Notice

   25 December 2023 at 09:24

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.

Posted in GST |   5433 Views


Income Tax Department Emphasizes Adherence to Conduct Rules Amidst Vigilance Exercise

   25 December 2023 at 09:21

Income Tax Department has reiterated its commitment to maintaining the highest standards of ethical conduct among its officers and officials.

Posted in Income Tax |   3366 Views



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