Legislative Clarity on Taxation In a significant development, the cabinet has granted approval for amending the Goa Goods and Services Tax Act, 2017, to address ambiguities in the taxability of casinos, horse racing, and online gaming. This move comes as a bid to provide a clear …
Potential Litigations Loom as GST Show Cause Notice Deadline Nears As the deadline for issuing show cause notices (SCNs) related to FY19 under the Goods and Services Tax (GST) Act approaches on January 31, 2024, the Central Board of Indirect Taxes & Customs (CBIC) has cautioned …
In a proactive move to curb potential tax evasion, six teams from the Goods and Services Tax (GST) Department recently conducted raids on multiple immigration firms in the city. Led by Pardeep Rawal, ETO, and directed by Jagdeep Sehgal, AETC, the teams meticulously examined GST returns, …
Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC Initiative to boost foreign investment flows, unlock growth opportunities and broaden the investor base for Indian companies In pursuance of the announcement on July 28, 2023 by Union Minister for …
With February 1 looming on the horizon, stakeholders in the Micro, Small, and Medium Enterprises (MSME) ecosystem have actively communicated their Budget 2024 demands to Finance Minister Nirmala Sitharaman. The focus of these demands revolves around fostering the growth of small businesses, with key asks including …
CBIC Issues Circular Mandating Transition to Gov.in/Nic.in Email IDs for Customs & GST Officials In a move aimed at bolstering cybersecurity measures, the office of the Directorate General of Systems & Data Management of the central government has issued a circular instructing all customs and GST …
In a proactive move to curb potential tax evasion, six teams from the Goods and Services Tax (GST) Department recently conducted raids on multiple immigration firms in the city. Led by Pardeep Rawal, ETO, and directed by Jagdeep Sehgal, AETC, the teams meticulously examined GST returns, …
With the approaching deadline, businesses across the country are gearing up for a potential deluge of show cause notices from Goods and Services Tax (GST) officials for the Fiscal Year 2018-19. The extended deadline, now set for April 30, 2024, has heightened concerns among industry experts …
In a significant development, the Ghaziabad police have registered an FIR against five officials from the Directorate General of Goods and Services Tax Intelligence (DGGI) for allegedly demanding a hefty bribe of Rs. 5 crore from a local businessman. The officials, posted in the DGGI Gurugram …
Industry Leaders Advocate for Tax Reforms to Boost Coverage and Encourage Investments In the aftermath of a pivotal year for India’s insurance sector, characterized by the entry of new players, technological advancements, and shifting consumer dynamics, the focus now turns to fostering a competitive landscape. With …
