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Search results for: tax defaulters

CAG Audit

Digital Audit Under GST: A Big Tension for Tax Defaulters

India’s biggest tax regime i.e. Goods and Services Tax (GST) has been implemented in the country from the 1st July 2017. But, with the roll out of this taxation regime, there is also an immediate medium is required to counter the problems faced by the taxpayers and to resolve the discrepancies found, on a regular basis through Audit.

Tax Evasion New Rules

Beware, Debt Defaulters! Income Tax Dept. Pressing Pedal for the Recovery

The Income Tax Department has started sharing the list of all the bank accounts and properties of borrowers with the banks. It can be troublesome for those who deliberately avoided paying the debt. Going the extra mile, the I.T. Department is conveying the information about debt defaulter’s bank account, properties and guarantors, to the government […]

80K Filing Defaulters

CBDT Confirms Increased Tax Base/Revenue & 80K Filing Defaulters

The debate over the effectiveness of Demonetisation has remained a see-saw affair amidst changing goal posts. Today the currency circulation is at par with pre-demonetisation levels but the reasonability behind the November 04 decision deserves a closer unbiased look.

Punjab Govt To Adopt Digital Technology to Stop GST Evasion

Punjab FM: New Technology Will Help To Increase Tax Base & Curb GST Evasion

In order to strengthen digital tax administration, the state taxation department will adopt the latest software and technological solutions so as to meet the problems of the environment where the businesses are functioning, says Punjab Finance and Taxation Minister Harpal Singh Cheema. Cheema, who presided over a review meeting with tax commissioner representatives visiting Telangana […]

GST Department Finds Many Fake GST Return

Tax Officers Find 23K Dealers in Cities, Engaged in Fake GST Returns

The drive conducted by the Central and State tax administrations where they reached out to enterprises door-to-door to detect fake and suspicious Goods and Service Tax Identification Numbers (GSTINs) registrations is turning out to be quite successful. The Excise and Taxation Department has detected an ample number of fake GST returns filed by local dealers. […]

Amnesty Scheme Framework for Defaulters of Pre-GST Regime

Punjab Cabinet Allows Amnesty Framework for Pre-GST Defaulters

The framework for the amnesty program for one-time settlement of tax defaults committed in Punjab in the pre-Goods and Services Tax (GST) system has been approved by a subcommittee of the Punjab Cabinet. The government is prepared to introduce a one-time settlement (OTS) program aimed at exceeding 44,000 people and enterprises who have fallen behind […]

FM to CBIC: Right Time to Start Technology-Based GST Scrutiny for Returns

FM: Right Time to Start Automatic GST Returns Scrutiny for Taxpayer Base

Nirmala Sitharaman, the finance minister, gave the Central Board of Indirect Taxes & Customs (CBIC) instructions on Saturday to undertake to automate the review of GST returns by the following week. Also to execute an action plan to expand the taxpayer base through advanced use of technology. In a review meeting of the CBIC, she […]

Punjab Govt New SIPUs and GST Prime Tool

Punjab Govt Introduces New SIPUs and GST Tool for Defaulters

Punjab Finance Minister, Harpal Singh Cheema, introduced the State Intelligence and Preventive Unit (SIPU), and the Goods and Services Tax (GST) Prime on April 13. It is an analytical tool for State GST officers to examine and track the collection of tax and compliance under their authority. The introduced system carries out the demands of […]

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