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UltraTech Cement Receives GST Demands and Penalties Exceeding Rs 20 Lakh

   20 December 2023 at 14:51

UltraTech Cement Faces GST Challenges: Receives Orders Totaling Rs 18.3 Crore in Demand, Interest and Penalties

Posted in GST |   2568 Views


BCCI denied Tax Exemption under Section 11 of IT Act

   20 December 2023 at 09:49

On Monday, the Minister of State for Finance, Pankaj Chaudhary announced that the Income Tax Department has denied tax exemption to the Board of Control for Cricket (BCCI) in India u/s 11 of the Income Tax Act.

Posted in Income Tax |   7476 Views


RBI imposed Rs 40.39 crore worth of Penalties on Banks, NBFCs & Others in FY 2022-23

   20 December 2023 at 09:46

Minister of State for Finance Bhagwat Karad disclosed that the RBI has imposed penalties totaling Rs 40.39 crore on various financial entities, including banks, NBFCs and others, during the FY 2022-23.

Posted in Others |   4842 Views


Government Exceeds Tax Target With Strong Direct Tax, GST

   20 December 2023 at 09:45

Government is on track to exceed its total tax collection target for the current financial year, with direct tax and GST collection data suggesting potential it is more than enough

Posted in GST |   1893 Views


Lok Sabha Passes Bill Extending Eligibility for President and Members of GSTAT

   20 December 2023 at 09:14

The Lok Sabha passed a bill to raise the age limit of the chairman and members of the GST Appellate Tribunal

Posted in GST |   4524 Views


SC quashes GST department's plea against HC order on ITC

   19 December 2023 at 07:15

Supreme Court Dismisses GST Department's Plea, Upholding High Court Ruling on Input Tax Credit

Posted in GST |   14097 Views


GST Return Filers Increase by 65% to 11.3 Million in 5 years: Finance Ministry

   19 December 2023 at 07:13

Finance ministry reported a remarkable 65% surge in the number of Goods and Services Tax (GST) return filers over the past five years, reaching a substantial 11.3 million as of April 2023.

Posted in GST |   3879 Views


UPI Transactions Soar to Rs 139 Lakh Crore in FY 2022-23 with Impressive 168% CAGR Growth

   19 December 2023 at 07:10

UPI transactions grew from ₹ 1 lakh crore in FY 2017-18 to ₹ 139 lakh crore in FY 2022-23 in value, at a CAGR of 168%

Posted in Others |   1992 Views


Gross Direct Tax collections for FY 2023-24 register a growth of 17.01%

   19 December 2023 at 07:09

Net Direct Tax collections for FY 2023-24 grow at over 20.66%

Posted in Income Tax |   2160 Views


ICAI | Exposure Draft Unveils Consequential Provisions for Annual CPE Hour Non-compliance from 2024 Onwards

   19 December 2023 at 07:08

Exposure Draft on proposed Consequential provisions for non-compliance with CPE hours requirement on yearly basis from calendar year 2024 onwards

Posted in Professional Resource |   2985 Views



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