• twitter-icon

Search results for: collection of tax

GST Rates on Ready-to-Use and Under-Construction Flat

GST Rates on Under-Construction & Ready-to-Use Flat

It is important to buy a house and is a long-term investment of money. This article gives information on different GST rates and how they apply when buying flats that are either under construction or ready to use. In these transactions, GST needs to be acknowledged. Knowing whether or not GST is applicable will affect […]

INR 73,500 Crore Collected By IT Dept for FY24

IT Dept Retrieves INR 73,500 Cr in Pending Dues for the FY 2023-24

Rs 73,500 crore has been successfully recovered by the income tax department in the pending dues for the FY 2023-24 up to March 15. The same recovery shows a rise as compared to the former fiscal year’s collection of Rs 52,000 cr. The corporate tax dues amounted to Rs 56,000 crore, and personal income tax […]

9.73 Crores GST E-Way Bills in February 2024

GST E-Way Bill Generation Sets 2nd All-Time High Record in Feb 2024

In February the e-way bill generation has been increased to 9.73 crores. In 4 months it is the highest and indeed the all-time high generation for the second time. In March it is anticipated to secure a positive impact on GST collection. Since February is just 29 months, numbers for the month are also crucial. […]

GST Should Be a Faceless Tax System

Delhi Finance Minister Atishi Favours to Make Faceless GST System

Finance Minister Atishi stated the plan of the state to strengthen its Goods and Services Tax (GST) administration, aiming for a faceless system. “In the fiscal year 2023-24, the tax collection for GST and VAT until January 2024 witnessed a growth of 13.96 per cent, compared to the previous year (until January 2023), reaching Rs […]

GST Notice to Large Commercial Coaching Centers

Alert Coaching Centers! DGGI Starts Investigation for GST Evasion

The Directorate General of Goods and Services Tax Intelligence (DGGI) has commenced an investigation into tax evasion of ₹850 crores in 2020-21 and 2021-22 through certain large commercial coaching centres and can issue show cause notices to them, expressed officials. The scrutiny is concerned with the misdeclaration of the number of registrations and not paying […]

GST Portal Lists IndusInd Bank for Tax Payments

GSTN Grants Permission to IndusInd Bank for GST Payments

Payments on the Goods and Services Tax (GST) Portal using IndusInd Bank Account credentials have been enabled by the Goods and Services Tax Network ( GSTN ). The Goods and Services Tax ( GST ) portal on January 5, 2024, was enabled with an updated feature. Through the mode of debit or credit card via […]

No Interest Liability If Balance in ECL for Delayed GSTR 3B Filing

Late GSTR 3B Filing: No Interest Liability If ECL Balance

Section 50 of The CGST Act was revised to furnish that there would be no interest obligation on late filing of GSTR-3B to the extent of the balance in The Electronic Credit Ledger, the Courts in the following and other cases ruled that interest was subjected to be paid even after there was balance in […]

Fake I-T Notice Claiming Payment for Audit of Balance Sheets

Alert: Fake I-T Notice Demanding Payment for Audit of Balance Sheets

There has been an alert given by the government of India regarding a counterfeit income tax notice that has been circulating from the online process. The tax notice, allegedly from the Income Tax Department, asks for payments for audited balance sheets through February 15, 2024. This notice, however, has been deemed fraudulent by the govt, […]

Govt Alerts Taxpayers via Targeted Emails on Substantial Discrepancies

Govt Sends out 4.4 Million Emails for Discrepancies Their Transactions & Reported Income

Nearly 4.4 million “targeted” emails have been sent by the government to the people who have gaps in the transactions on their accounts and the income they reported in last year’s tax filing cycle, as per the senior official, a forewarning has been issued by the tax department to assist the people for preventing to […]

Follow Us on Google News

Google News

Latest Posts

New Offer for Professionals

Huge Discount on Tax Software

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Easy to File Tax/GST Returns

Upto 20% Off on Tax Software

    Select Product*

    Current GST Due Dates