GSTAT to start operations by the end of FY25: Revenue Secy
The Goods and Services Tax Appellate Tribunal (GSTAT) is close to operationalization and should begin operations by the end of…
GST Council to hold 55th meet on Dec 21 in Jaisalmer: Sources
Finance Minister Nirmala Sitharaman will chair the next meeting of the GST Council on December 21 in Jaisalmer, a senior…
Who needs to file GST annual return by December 31, 2024
GST Annual Return : The Goods and Services Tax (GST) is a comprehensive tax regime that simplifies indirect taxation in…
Govt may unveil simplified direct tax code to reduce litigation and boost compliance
Direct tax code: As the government prepares to present the Union Budget for 2025 on February 1, the Central Board…
Don’t submit fake house rent receipts; otherwise, you’ll get an income tax notice
House rent: Many people use different methods to avoid income tax. Some people invest in schemes that offer tax exemptions.…
Farmers’ delegation meets Nirmala Sitharaman, seek GST exemption on agricultural equipment
GST exemption: A delegation of farmers’ met Union Finance Minister Nirmala Sitharaman here on Friday and sought that agricultural equipment…
GST new rule : No input tax credit if e-invoice not uploaded within 30 days
GST new rule: The Goods and Services Tax Network (GSTN) has introduced a change to the e-invoicing process for businesses.…
Income Tax new rules for Eligible for interest waivers or on late payments.
Income Tax Department issued a circular on November 4 that outlines the monetary limits for waivers or reductions based on…
Tax officers detect Rs 25,000 crore GST evasion by 18,000 bogus firms
GST evasion: Tax officers have detected about 18,000 fake companies registered under GST which have been involved in tax evasion…
Mechanism for barring of GST Return on expiry of 3 years to be in motion early next year
A GST assessee has now little time to file outstanding returns as the tax department has said that mechanism for barring of…
