04 Jun CBIC’s Tax Recovery Update: What Businesses Must Know!
The Central Board of Indirect Taxes and Customs (CBIC) has issued new guidelines to its field units regarding tax demand recovery from businesses....
GST
04 Jun Understanding the Tax Implications on Slump Sale
Delve into the intricacies of slump sales, their tax implications under the Income Tax Act, 1961, and the advantages and disadvantages. Learn how to calculate capital gains on slump sale and the legal framework under the Companies Act, 2013. ...
04 Jun GST Raids on Eateries Across City Uncover Massive Tax Evasion
GST raids reveal crores in tax evasion and unbilled sales in Ahmedabad and Surat's popular ice cream parlours and juice centres. Preliminary investigations uncover Rs 40 crore in unbilled transactions....
04 Jun GST Reduction and Tax Rationalization Crucial for Boosting Affordable Housing Demand: CBRE
CBRE CEO Anshuman Magazine emphasizes the need for GST reduction and tax rationalization to spur affordable housing demand. Fiscal stimulus and lower GST rates on construction inputs are crucial for economic growth and real estate sector transformation. ...
03 Jun Pre-deposit is to be paid through Electronic Cash Ledger when Electronic Credit Ledger is blocked due to denial of ITC
Gain insights into tax litigation rules with a recent ruling clarifying pre-deposit obligations through the Electronic Cash Ledger. Stay informed! ...
03 Jun GSTN’s Digitization of Dispute Resolution Process
Learn about the GSTN's initiative to fully digitize the dispute resolution process via appeal to the GSTAT for quicker resolutions. ...
03 Jun FY24 Fiscal Deficit: Surprising Stats & Promising Projections!
Discover how the government's fiscal deficit for FY23-24 stands at 5.6% of GDP, surpassing expectations with improved revenue and reduced expenditure. Positive news for the economy! ...
03 Jun No Recovery Proceedings Shall Be Initiated Within Three Months Following the Issuance of an Order
Dive into a recent tax law ruling shedding light on recovery proceedings and their impact. ...
03 Jun Unutilized VAT Credit is Allowed to be Transitioned Under the GST Regime
Discover the groundbreaking ruling by the Madras High Court allowing the transition of unutilized VAT credit to GST. Unlock valuable tax benefits now! ...
01 Jun CBIC’s Latest Guidelines: CGST Recovery Proceedings!
Discover the latest directives from CBIC regarding the initiation of recovery proceedings under the CGST Act. Ensure compliance with the specified timeframes! ...