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The GST (Goods and Services Tax) collection of April has been record-breaking as more than INR 1 trillion has been collected and this is the third time it is happening that too in four months. The collection has been increased by 10 per cent as compared to the last year. The finance ministry said that […]
GST (Goods and Services Tax) has come a long way even after facing a lot of problems. The government of India took a very important step by introducing GST in the country in the field of indirect tax reforms.
The Central Bureau of Investigation (CBI) has witnessed a huge difference in the income tax returns and service tax returns which led them to command the tax officers to dig the situation deeper.
Get all the year 2018 notifications, circulars, orders given by the central board of indirect taxes department issued for clearing out any change in provision, rules, conditions or extension of due dates for any particular form. The notifications are necessary for all the businesses and taxpayers to be updated with all the regular changes in […]
Tax sleuths have planned a fresh crackdown on traders practising tax evasion of Goods and Services Tax (GST) by pursuing new registration for their businesses without dismissing a prior one.
After a steep downfall in GST Revenue collection in the month of February 2019, March has raised a flag to fetch an honour for the GST department and the Government as well by making a record collection in terms of revenue collection this month.
The e-way bill system in the coming time would be enabled to calculate the distance for movement of goods bases the postal PIN codes of the source and destination locations but, there would be a 10% variation allowed.
Many of the exporters have come under the tracing radar of tax authorities in India for claiming the tax credit two times for the same export under the inverted duty structure.
Some taxpayers who get the stay granted by the Appellate Tribunal for Forfeited Property (ATFP) may encounter shocking news in the coming weeks. Acting as a semi-judicial authority, The income tax department is trying to abort the stay permitted to the taxpayers by Appellate Tribunal.
