Himachal Pradesh Chief Minsiter Sukhvinder Singh Sukhu, who holds the portfolio of Finance, tabled a legislation in the state assembly, seeking to amend taxation on the goods carried by the roads to omit the provision to levy tax on account of distance covered.
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The complainant had applied to the office of the Business Tax Officer on September 13 to cancel the business tax of his company, Kalpdeep Industrial Security Services, which had been closed for two years.
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Madhya Pradesh recorded the highest growth in tax revenues among major States in the first quarter. The State own tax revenue (SOTR) of Madhya Pradesh grew 23 per cent year-on-year to Rs 23,387 crore in the April-June quarter. Tamil Nadu recorded the lowest growth in this period at 2 per cent.
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Products made by jail inmates should be exempted from GST, as this will give them a competitive edge over similar products made by big business houses, besides improving their sales and profitability, a high-level Parliamentary panel said.
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“The officers seized incriminating records and digital evidence and the investigation is in progress. As a result of the search operation conducted, it is suspected that a substantial volume of turnovers has been suppressed, and tax has been evaded by the said group of coaching institutes.
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The Commercial Taxes Department, Karnataka, busted a prominent group operating multiple coaching institutes in Vijayapura for alleged evasion of Goods and Services Tax (GST).
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The Income Tax Department has recently introduced a new report related to tax payments, which is now accessible in the “Reports” section of the AIS portal. This report is designed to provide a comprehensive summary of taxes paid for a specific Assessment Year (A.Y).
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“Accused Aggarwal demanded Rs 1.50 lakh bribe from Sharma. He agreed to accept Rs 50,000 cash in hand. The complainant was told to deposit Rs 1 lakh in the bank account of the CA. The complainant who did not want to give the money lodged a complaint to the CBI. A trap was laid and Aggarwal was caught red-handed while accepting the bribe near Mohali,” a CBI officer said.
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The buoyancy in the goods and services tax (GST) collections will continue in the remaining part of the year, according to SANJAY KUMAR AGARWAL, chairman of the Central Board of Indirect Taxes and Customs (CBIC). In conversation with Shrimi Choudhary at his office in North Block, he attributes the rise in collections to improved compliance.
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The crackle sold to companies for use as toppings on ice creams may now be subject to a higher goods and services tax (GST) rate of 18 per cent, and not 12 per cent. The Authority for Advance Rulings (AAR) has held that crackle sold to ice cream companies should not be categorised as sugar boiled confectionery but rather as an industrial input.
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Having arrested four persons in January this year in an alleged fake billing case, the Punjab GST Department has now adjudicated 12 firms and imposed a penalty of Rs 50.19 crore against them.
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Pilot projects to test biometric and geotagging authentication during the GST registration process have been delayed due to disagreements over access to the Aadhaar identity database, a senior government official said.
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GST Policy Wing has issued the clarification on the applicability of the e-invoicing to the supplies made to the Government departments or agencies, through Circular No. 198/10/2023-GST dated: July 17, 2023.
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The Goods and Services Tax Network (“GSTN”) has issued Advisory No. 603 dated September 19, 2023 stating that the geocoding functionality for the “Additional Place of Business” address is now active across all States and Union Territories.
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The Centre is planning multi-agency action involving the Enforcement Directorate, Finance Ministry, intelligence agencies and state police forces to investigate a mammoth GST fraud unearthed by the Noida Police, News18 has learnt.
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The government is gearing up to invite bids to operate the goods and services tax tech platform based on a flexible task structure, unlike the present contract with Infosys, which has fixed costs, two senior officials said.
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The Supreme Court bench comprising of Justices Aniruddha Bose and Bela Trivedi today heard the appeal by Tamil Nadu government against the 2021 decision of the Madras High Court striking down the online gaming ban law.
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With a hike in the certain goods carried by road (CGCR) tax and the electricity duty on cement, its price is all set to increase by Rs 5 to 10 per bag in the coming days.
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The CBIC vide Notification No. 46/2023-Central Tax dated September 18, 2023, in accordance with the Central Goods and Services Tax Act, 2017 (“the CGST Act”) and the Integrated Goods and Services Tax Act, 2017 (“the IGST Act”)
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The Authority for Advance Rulings (Tamil Nadu) has held that transport services for students and staff of certain schools will not be subject to GST. Thus, fees collected by the service provider directly from the parents will also not be subject to any GST.
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Based on specific intelligence, officers of the Serious Fraud Investigation Office (SFIO), Ministry of Corporate Affairs, in collaboration with Commissioner of Police, Mumbai, arrested Shri Nalin Prabhat Panchal, a Chartered Accountant by profession on September 13, 2023, for failure to honour the summons issued in connection with the prosecution of Nityank Infrapower & Multiventures Private Limited.
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