07 May Important Guidelines for Compulsory Scrutiny of Returns for FY 2024-25
Discover the complete guidelines issued by the CBDT for compulsory scrutiny of returns for the Financial Year 2024-25. Streamline tax assessment effortlessly. ...
News
06 May Supreme Court Refuses to Hear MSEs’ Plea Challenging 45-Day Payment Rule under Income Tax Act
The Supreme Court's decision on Monday (May 6) to decline hearing a plea filed by Micro and Small Enterprises (MSEs) challenging the 45-day payment rule under Section 43B(h) of the Income Tax Act has significant implications for both MSEs and buyers....
06 May Broaden GST Net, Cut Cesses: Boosting Revenue and Reducing Tax Burden
Discover how decisive actions and reforms can enhance GST revenue, reduce tax burden, and propel economic growth. Learn about the latest surge in GST collections and the imperative need for GST reforms. ...
06 May Former CEA Arvind Subramanian Highlights Concerns Over GST Revenue Not Surpassing Pre-GST Levels
Former Chief Economic Adviser Arvind Subramanian raises alarm as India's GST revenue for FY24 remains below pre-GST levels despite record-high collections in April 2024. Get insights on the challenges and implications...
06 May Factors Driving the Surge in GST Collections
As the monthly GST collections surged past `2 lakh crore in April, the discussion surrounding the factors propelling this growth intensifies....
04 May Govt may focus on stricter compliance to boost corporate income-tax
The government may focus on stricter compliance to boost corporate income-tax (CIT) collections in the current financial year after tax revenues from companies fell short of the budgeted target in 2023-24, two people aware of the matter said....
03 May CBIC Launched 4th E-compendium of CESTAT Case Laws in Favor of Revenue
Discover the 4th E-compendium of CESTAT case laws launched by CBIC. Access insights into indirect taxation, legal principles, and revenue optimization strategies. Strengthen tax administration transparency and efficiency today!...
03 May SC asks Centre to furnish data on notices, arrests done under the GST Act
The Supreme Court seeks transparency in arrests and notices under the Goods and Services Tax (GST) Act, urging the Centre to provide details to prevent citizen harassment and uphold liberty. Get insights into this crucial legal development here. ...
02 May Navigating Regulatory Shifts: The Impact Of GST Changes On NTPC’s 76 MW Solar Projects
Discover how revisions in Goods and Services Tax (GST) rates from 5% to 12% impacted NTPC's solar projects, leading to compensation claims and significant regulatory challenges. Explore the implications for India’s energy sector and recommendations for businesses navigating similar regulatory landscapes. ...
01 May Trade Bodies Challenge New Income Tax Provision for Micro, Small Enterprises in Supreme Court
The recent move by three prominent trade bodies to challenge a new income tax provision related to payments to micro and small enterprises has sparked significant debate and scrutiny....