A reference was received from the Ministry of Home Affairs (MHA) for comments regarding disbursement of prize amount of lotteries through formal banking channel and comments in this regard have been sent to MHA. This was stated by Union Minister of State for Finance Dr. Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha on December 11, 2023.
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Lok Sabha Member of Parliament (MP) and popular actor Deepak Adhikari, listed a series of questions regarding Goods and Services Tax (GST) collection from online gaming apps towards the Minister of State (MoS) for Finance, Pankaj Chaudhary during the Lok Sabha session.
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The GST investigation wing under the revenue department of the ministry of finance has arrested a city-based trader on charges of GST tax fraud of more than Rs 10 crore.
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A CERTAIN percentage of the Goods and Services Tax can be allocated to support the third tier — local municipalities, according to NK Singh, Chairperson, 15th Finance Commission and also the chair of the policy think tank Institute of Economic Growth.
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Input tax refunds under GST: 'HC's IndianOil ruling to benefit all firms'
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States' gross fiscal deficit below Budget Estimate for a 2nd yr: RBI report
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LIC receives GST notice of Rs 183 crore from Telangana tax authority
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AI-generated GST evasion notices stir human versus machine debate
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Finance Minister Sitharaman has responded to allegations made by state governments regarding non-payment of earned revenue.
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Goods and Services Tax (GST) sleuths detected tax evasion worth a whopping Rs404 crore in Chandigarh in the past five years.
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The Goods and Services Tax (GST) scheme was implemented across India in 2017, leading to the creation of a single indirect tax structure regime for the entire country. It has ushered the country into a new era and has been considered good at helping businesses and manufacturers to carry on business hassle-free and with fewer complications.
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Under the overall directions of Commissioner State Taxes J&K, Dr Rashmi Singh, various wings of the department today carried out surprise inspections of various places to ensure strict compliance of GST law and interacted with various stakeholders to ensure better awareness of GST law.
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If your Aadhaar card and PAN card are not linked, you may end up paying TDS of 20 percent on the purchase of property instead of 1 percent. The Income Tax Department sent notices to hundreds of property buyers under the new rules.
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GST Annual Return update: TABLE 8A (ITC Details) for GSTR-9 Financial Year 2022-2023 has started downloading from today i.e. December 11, 2023, on the GST Portal.
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The Gujarat Authority for Advance Ruling (AAR) has ruled that the contract between Airbus and Tata Group’s company for the supply of aircraft to the defence ministry is a “composite supply”, and would attract 5 per cent goods and services tax (GST).
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IMPORTANT GST ANNUAL RETURN UPDATE: Table 8A (ITC Details) for GSTR-9 FY 2022-2023 has started downloading from today i.e. December 11, 2023
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COP28: New GST draft text gives four options for move towards clean energy
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Latest Official Updates Under GST by the Indian Government
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GSTN introduced Address and Contacts New Tab under My profile section on GST Portal
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The government’s focus on checking GST evasion has led to a massive surge in detection, which has crossed Rs 1.5 lakh crore during the first seven months of the financial year, higher than the Rs 1.3 lakh crore detected during 2022-23, the government said in Parliament on Monday.
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Central tax officers have sent around 33,000 GST notices to businesses for discrepancies in returns filed and short payment of taxes in 2017-18 and 2018-19 financial years, a CBIC official said on Wednesday.
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