Comprehensive Road Safety Overhaul Proposed to Combat Economic and Human Losses in India India, plagued by a rising toll of road accidents, not only grapples with the tragic loss of lives but also endures a substantial blow to its economy, estimated at 3.14% of the GDP. …
In a recent legal victory, renowned actor D. Sivakarthikeyan has successfully secured a refund of ₹12.60 lakh from the Income Tax department. The resolution comes after a writ petition filed by the actor in 2022 was disposed of by the Madras High Court, which recorded the …
Introduction In a proactive move towards enhancing user experience, the Goods and Services Tax (GST) Portal has recently introduced a revamped design for the ‘Notices and Orders’ tab. This strategic update reflects a commitment to simplifying access to critical regulatory information, ultimately creating a more intuitive …
Goods and Services Tax Return (GSTR) process undergoes a significant enhancement with the redesign of Table 8, specifically addressing the declaration of e-commerce data. The revised procedure involves accessing and saving Table 8 in the GSTR-1 form, followed by the generation of a summary, ultimately resolving …
Even as the overall Goods and Services Tax (GST) collections surpassed Rs 1.6 lakh crore in most months of the fiscal year, a recent study has brought attention to the uneven growth in consumption demand among Indian states. The findings suggest that several states are lagging …
As per Notification No. 12/2017-Central Tax dated June 28, 2017, as amended by Notification No. 78/2020-Central Tax dated October 15, 2020, taxpayers having turnover up to Rs. 5 Crore in the previous financial year are required to declare classification of services at a 4- digit level …
The Supreme Court of India has issued a notice to the Union government, demanding a response to a plea filed by online gaming companies challenging tax demands amounting to ₹1.5 lakh crore. The three-judge bench, led by Chief Justice D.Y. Chandrachud, has granted the government and …
In a sweeping move, Goods and Services Tax (GST) authorities have issued demand notices totaling ₹1.45 lakh crore to approximately 1,500 businesses in December. The notices, attributed to inconsistencies in annual returns and input tax credit claims for the financial year 2018, included penalties and interest, …
Commercial Tax Officials Nab Managing Director for Massive GST Irregularities In a major crackdown on financial malpractices, commercial tax officials have arrested Rajkumar Rekhya Roopsing Nayak, the managing director of Sri Kavya Mining Infrastructures Private Limited. The arrest is linked to alleged Goods and Services Tax …
