GST Council asserts mere holding of shares in subsidiaries not subject to GST
The GST Council has laid to the rest the thorny issue of taxing shares held by holding companies in their…
Author: TW Editorial Team
TW Editorial Team comprises of team of experienced Chartered Accountants and Advocates devoted to spread the knowledge of GST amongst the various stakeholders.
28% GST rate will bring challenges to online gaming industry’
The GST Council has decided to impose a 28% tax on the turnover of online gaming, horse racing, and casinos…
Recommendations of 50th meeting of GST Council held today
The 50th meeting of the Goods and Services Tax (GST) Council was held here today, under the chairpersonship of the Union…
Businesses may have to explain discrepancy in ITC claims: New GST Rule likely to come
The GST Council is likely to decide on a new rule in GST law under which businesses would be required…
Now you can ‘Know Your Refund Status’ on Income Tax e-filing Portal
Till now taxpayers had to check their income tax refund status on the TIN-NSDL website. However, the Income Tax Department…
GSTN now authorized to receive information under PMLA 2002
The Ministry of Finance, Department of Revenue, has issued an important notification for including the Goods and Services Tax Network…
ITR filing: Not linking PAN with Aadhaar can cost you Rs 6,000
If you didn’t link your PAN with Aadhaar by June 30, 2023, then from July 1, 2023, your PAN will…
Rs 15,000 crore Tax Evasion: 25% Of 69,000 Suspected GST Accounts Do Not Exist
The CBIC said that suspected GST accounts have vanished after availing benefits of around Rs 15,000 crore, according to a…
Section 194 Q TDS on Purchase of Goods: All you need to know
Section 194Q of the Income Tax Act, 1961 provides that every buyer who is responsible for paying any sum to…
New GST Rule 88B notified for levy of interest on Late Payment of Tax and Wrongly Availed ITC
The CBIC has issued Central Goods and Services Tax (Amendment) Rules, 2022 vide Notification No. 14/2022- Central Tax dated 5th…
₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Y-o-Y growth
The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411…
Empanelment with the O/o C&AG of India for the year 2023-24
Provisional empanelment status of the firm along with provisional point score for the year 2023-2024 will be available on the…