Income Tax Department increases thresholds for filing appeals in tax disputesThe Income Tax Department has increased the minimum thresholds for filing appeals in tax disputes. Appeals can now be filed only if the dis...
18 Sep, 2024, 01.07 PM IST
GSTN to launch invoice management system from Oct 1The GST Network will introduce the Invoice Management System (IMS) from October 1 to help taxpayers match their records with those issued b...
03 Sep, 2024, 07.26 PM IST
Cos with multi-state presence will have to register as ISD with GST authorities by April 1, 2025By April 1, 2025, companies with multi-state branches must register as Input Service Distributors (ISD) under GST law to distribute input t...
07 Aug, 2024, 12.49 PM IST
More IT biggies to get tax notices after ₹32,000 cr demand to Infosys, source saysTax Notice: Indian tax authorities may send notices to more IT firms after Infosys received a ₹32,000 crore tax demand for alleged evasion ...
01 Aug, 2024, 04.48 PM IST
Instant flour mixes for dosa, idli, dhokla cannot be classified as sattu; 18% GST should be levied: GAAARThe company sells flour mixes of gota, khaman, dalwada, dahi-wada, dhokla, idli and dosa in powder form and pleaded that it is akin to Satt...
09 Jun, 2024, 02.30 PM IST
GSTN rolls out form for tobacco manufacturers to report inputs, outputs to tax authoritiesThe GST Network (GSTN) has introduced a new form, GST SRM-II, for manufacturers of pan masala and tobacco products to report inputs and out...
08 Jun, 2024, 01.18 PM IST
CBIC issues instructions for initiating early GST recoveryThe CBIC has authorized Principal Commissioners or Commissioners to demand GST dues within three months of a demand order if necessary for ...
02 Jun, 2024, 01.10 PM IST
GST to be paid by telcos along with instalments towards spectrum chargesThe spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments in the co...
27 May, 2024, 05.05 PM IST
Income Tax department notifies cost inflation index for current fiscalThe Income Tax Department has notified the Cost Inflation Index (CII) for the fiscal year 2024-25, set at 363, to calculate long-term capit...
25 May, 2024, 03.29 PM IST
GST officers working on registration mechanism for 'shared warehouse' for e-commerce suppliersGST authorities are developing a mechanism to address taxation and registration issues for shared warehouses used by e-commerce companies, ...
20 May, 2024, 03.28 PM IST
GSTN rolls out special procedure for tobacco manufacturers to register machines with tax authoritiesThe GST Network (GSTN) has introduced an online facility for manufacturers of pan masala, gutkha, and similar tobacco products to register ...
17 May, 2024, 02.19 PM IST
Central & state GST officials to conduct joint audits of firmsAs per industry estimates, there are about 11,000 such cases of dual investigation by both the central and state authorities or under litig...
09 Apr, 2024, 02.06 PM IST
GST Council may soon clarify tax exemption to RERAThe GST Council is expected to clarify that Real Estate Regulatory Authority (RERA) will not be subject to Goods and Services Tax (GST), as...
25 Feb, 2024, 02.02 PM IST
GSTN to share data with RBI's frictionless credit platformThe Indian government has allowed the GST Network to share data about GST-registered businesses with the Reserve Bank's 'Public Tech Platfo...
23 Feb, 2024, 04.11 PM IST
GST authorities issue notices over input tax credit discrepanciesGST authorities have issued notices to companies for discrepancies in input tax credit claims, prompting scrutiny of annual returns against...
07 Feb, 2024, 12.19 AM IST
Former Essar energy internal auditor moves to private practiceKotwal, who started his career with Arthur Anderson, had also set up the internal audit function at Dhabol Power Company apart from spendin...
11 Jun, 2018, 12.31 PM IST
Audit, advisory firm Singhi & CO joins Moore Stephens NetworkSinghi & Co, a Mumbai based audit and advisory firm has joined accounting and business advisory network of independent firms Moore Stephens.
02 Sep, 2015, 07.34 PM IST