- 29 Mar 2024 05:58 PM
- New
Request to extend due date for filing Maharashtra PTRC returns
Editor5 29 Mar 2024 18 Views 0 comment Goods and Services Tax | Featured, News
Introduction: The Goods and Services Tax Practitioners’ Association of Maharashtra (GSTPAM) has submitted a formal request to the Commissioner of State Tax in Maharashtra, urging an extension of the due dates for filing returns under The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975. This request stems from widespread technical issues hindering taxpayers and tax practitioners across the state.
- 29 Mar 2024 05:29 PM
- New
No more fishing inquiries, GST officials told
Source: https://www.livemint.com/economy/no-more-fishing-inquiries-gst-officials-told-11711645747088.html
New Delhi: Tax officials must avoid "fishing inquiries" into goods and service tax (GST) related matters, specify the nature of the investigation in formal letters to designated company officials, and avoid vague expressions in letters and summons, under new guidelines from the Directorate General of GST Intelligence (DGGI).
Read More
- 28 Mar 2024 06:03 PM
- New
No tweaks to new online gaming taxation regime till SC decision
New Delhi: The federal indirect tax body is unlikely to make any changes to the 28% goods and services tax (GST) regime on online money gaming until the Supreme Court gives its final order on a bunch of tax disputes for the period prior to its introduction last October, a person informed about the development said.
Read More
- 26 Mar 2024 06:27 PM
States may not borrow as much as they wanted. But that may not be a problem.
New Delhi: State development loans (SDL), or bonds issued by state governments to manage their revenue and fund their fiscal deficit, are unlikely to meet the target for FY24, much like last fiscal.
Read More
- 26 Mar 2024 06:33 PM
GST Council Newsletter for February, 2024
Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-february-2024.html
Editor2 26 Mar 2024 141 Views 0 comment Goods and Services Tax | News
Introduction: The Goods and Services Tax (GST) Council convened its first National Conference of Enforcement Chiefs in New Delhi, marking a significant step in enhancing tax compliance and combating evasion. Led by the Hon’ble Union Minister for Finance and Corporate Affairs, the conference showcased notable achievements, including substantial strides in detecting tax evasion and fostering collaboration among tax authorities. This article delves into the key highlights and outcomes of the conference, shedding light on the evolving landscape of GST enforcement in India.
- 22 Mar 2024 06:04 PM
Hindustan Zinc gets ₹91 crore GST demand, Company plans legal challenge, HZL stocks in green
Hindustan Zinc Limited (HZL), a subsidiary of Vedanta Ltd, disclosed that it has received an order from the Additional Commissioner, Central Excise and CGST Commissionerate, Udaipur, demanding payment under the Central Goods and Services Tax Act, 2017, as per a regulatory filing. The company has been directed to pay ₹91,90,16,104 as GST, along with an equivalent amount of penalty and applicable interest.
Read More
- 22 Mar 2024 06:26 PM
Bihar Settlement of Taxation Disputes Act, 2024
Source: https://taxguru.in/goods-and-service-tax/bihar-settlement-taxation-disputes-act-2024.html
The Bihar Settlement of Taxation Disputes Act, 2024 aims to resolve disputes arising from various taxation proceedings. Enacted against the backdrop of evolving tax laws, it offers a structured mechanism for settling disputes, ensuring efficiency and fairness.The Act covers disputes stemming from a range of tax laws, including the Bihar Finance Act, 1981, Bihar Value Added Tax Act, 2005, and others. It defines crucial terms like ‘dispute,’ ‘settled,’ and outlines the settlement amount calculation methodology.
Read More
- 22 Mar 2024 06:17 PM
Future reforms to focus on harnessing potential of the informal sector
New Delhi: Direct and indirect tax changes to help the large informal sector in the country to formalise, scale up and plug into global supply chains will be a key policy goal for the government after the national elections as part of future reforms, according to two persons aware of discussions in the government.
Read More
- 22 Mar 2024 06:21 PM
Supreme Court reserves order on Kerala's borrowing limit challenge
The Supreme Court has reserved its judgment in the case regarding borrowing limits between the Union government and the state of Kerala.
Read More
- 19 Mar 2024 05:34 PM
GST council postpones review of 28% levy on online gaming; likely to be taken up after Lok Sabha elections 2024
The 28% tax on online gaming was implemented on October 1, 2023, and was scheduled to be reviewed after six months
Read More