In a major operation to curb Goods and Services Tax (GST) evasion, officials carried out extensive raids at 52 locations spanning seven districts within the state.
The Income-tax (Twenty-fourth Amendment) Rules, 2023 were notified on October 10, 2023, by the Central Board of Direct Taxes (CBDT).
Star Health and Allied Insurance Company found itself in the spotlight as it received a significant notice from the Directorate General of GST Intelligence (DGGI) concerning a tax liability amounting to ₹38.99 crore.
In a recent development, the GST Council is gearing up to provide much-needed clarity on the input tax credit for life insurers, particularly in the context of a substantial demand of Rs 290 crore made on the Life Insurance Corporation (LIC).
Direct Tax Collections for F.Y. 2023-24 up to 9th October, 2023 show an increase over comparable period of last year
The Madras High Court, on Tuesday, deferred its decision on the writ petition filed by popular actor C. Joseph Vijay against the Income Tax Department's penalty order.
In a move aimed at promoting transparency and discouraging the use of cash transactions in financial dealings, the Income Tax Department has recently released an informative E-Flyer.
In a significant development, the Central Board of Direct Taxes (CBDT) issued Circular No. 17/2023 on October 09, 2023, shedding light on crucial audit report requirements under Section 119 of the Income-tax Act, 1961.
The Central Bureau of Investigation (CBI) apprehends two superintendents, an inspector, and a tax assistant involved in a bribery scandal targeting a LIC agent over alleged false GST notices.
In a significant development, the Directorate General of GST Intelligence (DGGI) has sent four show cause notices to Reliance General Insurance Company (RGIC), totaling ₹922.58 crore in Goods and Services Tax (GST) dues.
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