20 May Data mismatches to trigger notices under automated GST scrutiny
The central government’s rollout of automated scrutiny of Goods and Services Tax (GST) returns this week...
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20 May Businessmen hail drive against fake GST registrations
Industrialists, who had been asking GST departments to take action against rising menace of bogus billing,...
20 May Bihar to levy 2% TDS on supplies of raw materials by MGNREGS vendors
Payments to suppliers of raw material for works under the rural job guarantee scheme MGNREGS...
15 May Investments via PLI schemes top priority: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Thursday underlined the government’s priority to incentivise and facilitate...
15 May What the Govt’s new GST compliance measures and how they impact businesses
In two significant measures to curb tax evasion and increase compliance under the Goods and Services Tax (GST)...
13 May RBI to banks: Treat GST-exempted informal units with Udyam Assist certificate as micro units for priority loans
The Reserve Bank of India (RBI) has informed all financial institutions including banks and NBFCs to treat informal ...
13 May Shell firms under scanner of tax authorities over fake ITC claims
Thousands of entities and their beneficiaries that allegedly created multiple shell firms to represent ...
11 May GST e-invoicing limit reduced to 5 Cr. from the existing limit of 10 Cr. w.e.f. 1st August, 2023
The CBIC released Notification No. 10/2023-Central Tax dated May 10, 2023, to amend Notification No....
11 May Govt. brings directors, nominee shareholders, formation agent of Companies/ LLPs under the purview of the PMLA Act
The Department of Revenue, Ministry of Finance, has released a Notification vide F. No. P-12011/10/2023-ES...
11 May GST: Automated returns scrutiny set to roll out
Businesses will have to more careful while filing returns as the automated scrutiny system for the goods and services tax (GST) is about to use advanced artificial intelligence and data analytics to monitor mismatches....