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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 […]
The Karnataka Government vide Order No. FD 07 CSL 2023, Bengaluru, on July 18, 2023, incorporates the “Karasamadhana Scheme, 2023” to solve the pre-GST legacy tax disputes and expedite the collection of arrears without resorting to litigation. The Scheme waives 100% of penalty and interest arrears for persons who complete full payment of tax arrears […]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) permitted the income tax exemption for the Punjab Plastic Waste Management Society and witnessed that plastic waste management comes beneath the preservation of the environment. The bench of A.D. Jain (Vice President) And Vikram Singh Yadav (Accountant Member) dismissed the order of the Commissioner of […]
The number of E-way bill generation decreased to 8.60 crores in June from 8.81 crores in May, but it was still more than it was in April. The GST collection in July, for which data is not yet available and will be released on August 1, may be slightly affected by this. E-way bill is […]
The GST collection in Delhi for Q1 of the Financial Year 2023-24 has witnessed 15% growth comparing the same period in the last fiscal year. The Delhi Government shared the data where they mentioned that the GST collection in the first quarter of an FY has increased by over 81% since 2018-19 when the new […]
In India, the collection of the GST revenue in June stood at Rs 1,61,497 cr, which is a 12% rise on the basis of year-on-year, stated by the Ministry of Finance. In April and May, Rs 1.87 lakh crore and Rs 1,57,090 crore was the GST collection, respectively. As per the government for the fourth […]
The number of e-way bill generation has increased to 8.82 crores in May from 8.44 crores in April, which indicates more movement of goods. As per the PMI (Purchasing Managers’ Index) manufacturing, the result rose to a 31-month high of 58.7 in May, providing the first indication of increased goods movement. Increased bill generation may […]
In the month of May, the GST collections of India surged by 11.5%, standing slowest in 6 months to cross Rs 1.57 lakh cr with the revenue from the domestic transactions rising 11% and imports which generate 12% additional taxes compared to before year. May’s revenue for the transaction that takes place in the month […]
Income tax authorities have been instructed to mandatorily find out the cases wherever they detect any suspicion of tax evasion on returns for thorough scrutiny during the current financial year, according to the instructions released by the Central Board of Direct Taxes (CBDT). Additionally, the board encouraged them to identify any cases that involved an […]
