Latest News

Rising GST Collections Linked to Improved Compliance, Reveals CBIC Chief

Posted in GST on 30 September 2023
In a significant development, the Chief of the CBIC, Sanjay Kumar Agarwal, attributed the recent surge in monthly Goods and Services Tax (GST) collections to a ..

TAAI Urges Government to Abolish TCS Ahead of October 1 Deadline

Posted in Income Tax on 30 September 2023
The Travel Agents Association of India (TAAI) has made a plea to the Indian government to reconsider or delay the implementation of the Tax Collection at Source..

Infosys Faces GST Demand of Rs 37.75 Lakh including Interest and Penalties

Posted in GST on 30 September 2023
In a recent regulatory disclosure, Infosys has confirmed that it has received a demand order from tax authorities, which includes the collection of Goods and Se..

Digital Giants and Edtech Firms Set to Face 18% IGST Starting 1st Oct 2023

Posted in GST on 30 September 2023
In a significant development for the digital landscape in India, prominent companies like Google, Facebook, and X (formerly Twitter) are bracing themselves for ..

New CBDT Form 6D Introduced for Inventory Valuation Reporting u/s 142(2A)

Posted in Income Tax on 29 September 2023
The Income-tax (Twenty-Second Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on September 27, 2023...

CBIC Set to Roll Out 28% GST on Online Gaming, Casinos and Horse Racing from 1st Oct 2023

Posted in GST on 29 September 2023
The Central Board of Indirect Taxes and Customs (CBIC) is gearing up to implement clarificatory laws related to a uniform Goods and Services Tax (GST) rate of 2..

ICICI Lombard Faces Over Rs 1728 Crore Tax Demand Notice Over GST Non-Payment

Posted in GST on 28 September 2023
ICICI Lombard General Insurance Company Ltd. has received a show cause notice from the Directorate General of GST Intelligence (DGGI) regarding non-payment of a..

Over 10,000 MSME Claims Accepted in Vivad se Vishwas-I Scheme Since Launch

Posted in Corporate Law on 28 September 2023
Claims of more than 10,000 MSMEs accepted under Vivad se Vishwas-I scheme since launch..

GST Council's 52nd Meeting: Reviewing Tax Amendments in Online Gaming and Casinos

Posted in GST on 28 September 2023
The GST Council is scheduled to hold its 52nd meeting on October 7, 2023, at Vigyan Bhawan, New Delhi. ..

CBDT Issues Streamlined Procedure for Income Tax Deduction Certificates Through TRACES

Posted in Income Tax on 28 September 2023
Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962..