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COMMISSIONERATE OF TAXES
State borrowings must focus on asset creation, not just revenue expenditure: FM Nirmala SitharamanUnion Finance Minister Nirmala Sitharaman urged state governments to invest borrowed funds in long-term assets like schools and hospitals, ...
Meesho receives Rs 14.29 crore GST notice for non-collection of TCSValue commerce platform Meesho is contesting a Rs 14.29 crore tax demand. The Goods and Services Tax Appellate Tribunal issued the demand f...
The Commissionerate of Taxes, Assam launches software module on "SGST Reimbursement Scheme"On August 20, 2024, Assam's Commissionerate of Taxes introduced a software module for the SGST Reimbursement Scheme. This tool enables elig...
Maharashtra: Senior official of Chinese smartphone maker held for ITC fraud of Rs 19 croreManager of Finance and Accounts division of Oppo Mobiles India Private Limited, Mahendra Kumar Rawat, was arrested in Bhiwandi town and lat...
GST officials bust racket for availing Rs 50 cr illegal input tax credit; 1 arrestedPrince Manish Kumar Khatri, a third-year student and a partner of a CA firm in Ahmedabad, allegedly registered fake firms that were used to...
GST officials bust racket for availing Rs 50 cr illegal ITC; 1 arrestedPrince Manish Kumar Khatri, a third-year student and a partner of a CA firm in Ahmedabad, allegedly registered fake firms that were used to...
GST Mumbai zone to have 21 commissioneratesThere will be 21 commissionerates in the GST Mumbai zone, pared down from the existing 27 under the Service Tax and Central Excise departme...
Government abolishes large taxpayer units on GST rolloutAccording to a CBEC circular, all the files regarding taxation lying with LTUs would be transferred to GST Commissionerates.
Service Tax payment date in Tamil Nadu extendedThe Service Tax Commissionerate here has extended the date of payment of service tax in Tamil Nadu to December 20 in the wake of the incess...
New norms for manual scrutiny of service tax returns from AugustCentral Board of Excise and Customs will start detailed manual scrutiny of service tax returns of assessees based on risk parameters.
New norms for manual scrutiny of service tax returns from AugustAs per a CBEC circular, the detailed return scrutiny would be conducted in respect of such assessees whose total tax paid for 2014-15 is be...
CBEC sets up 40 audit commissionerates to check tax evasionCBEC has set up 40 audit commissionerates across the country tasked to audit accounts of companies and survey their other operations to det...
Finance Ministry restructures indirect taxes formationsIn the context of self assessment, the department is also laying emphasis on non-intrusive controls by creating 45 audit commissionerates.
Finance Ministry may form new anti-evasion, intel unit for service taxFinance Ministry may set-up a new anti-evasion and intelligence unit to check leakage of any indirect tax.
- GST Rollout: Re-engineering processes to be a challenge
The introduction of GST across the country is widely expected to decrease compliance burden for businesses.
- Fears of service tax on banks for insuring deposits eased
The proposal of imposing service tax on banks for insuring their deposits with an RBI subsidiary has been turned down.
- Service tax collections to grow 20%
Allied construction activities and stock markets, service tax collections from Mumbai commissionerate are expected to clock over 20% growth...
- SRK, Sachin pay for brand equity
Brand ambassadors have till July 5 to pay their taxes for contracts signed by them during this quarter.
- First tranche of service tax before July 5
The finance ministry hopes its service tax kitty will swell this year, with all brand ambassadors registering themselves and paying the 12....
- From Oct, remit excise via PSBs
The multi-banking scheme for the central excise commissionerates, enabling tax payers to remit the customs and excise duties through any pu...