GST hike on online gaming may be deferred due to disagreements
GST on online gaming: According to sources, there was agreement on the 28% levy, but not on the mechanism valuation…
Category: News
Income Tax Department likely to reopen old cases
The Income tax Department is likely to reopen old cases related to land deals and redevelopment where entities tried to…
‘RBI’s digital Rupee a ‘game changer’, says SBI chairman
State Bank of India (SBI) Chairman Dinesh Khara hailed the Reserve Bank of India’s pilot for retail (RBI’s) Central Bank…
Supreme Court ends large tax evasion in land, property deals
The Supreme Court has put an end to a rampant tax dodge, going on for decades, where land parcels, properties,…
Same PAN allotted to two persons, HC asks income tax deptt. to respond
The Delhi High Court has sought response of the Income Tax Department on a peculiar case where a man claimed…
₹1,45,867 cr gross GST revenue collected for Nov 2022 up by 11% Year-on-Year
The gross GST revenue collected in the month of November 2022 is ₹1,45,867 crore of which CGST is ₹25,681 crore, SGST is ₹32,651 crore,…
India Aims For Fewer GST Slabs: Revenue Secretary Tarun Bajaj
GST has brought a lot of discipline in the financial dealings of the corporate/individual sector. A company cannot sell goods…
Digital rupee pilot project launching on December 1: All you need to know
Initially four banks — State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank — in four cities…
Budget 2023: Time ripe for income tax, GST reforms, says Revenue Secretary
Talking to the Economic Times (ET), Bajaj, who superannuates on November 30, said: We have to rationalise rates under the…
48th GST Council Meeting to be held virtually on December 17
The meeting would discuss two reports of a panel of state finance ministers on levy of GST on casinos, online…
Under-invoicing of Chinese imports under taxman’s lens
Indian tax authorities are looking into possible instances of under-invoicing by businesses importing goods from China after finding a sizable…
NFRA introduces audit quality inspections guidelines
The National Financial Reporting Authority (NFRA) has published its audit quality inspection guidelines as a step towards further improving the…