02 Jul SGST Crackdown: Builders Deposit ₹9 Crore GST After Compliance Lapses
SGST Department cracks down on prominent builders in the city, resulting in ₹9 crore GST payment. Learn how compliance issues led to this action. ...
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02 Jul 7 Years of GST: Impact on Household Goods and Taxpayers
Explore how GST has reduced taxes on household appliances and mobile phones, increased taxpayer base, and addressed compliance challenges. Learn more about GST's impact on everyday essentials and government initiatives to streamline tax filing...
02 Jul GST Impact: Compliance Simplified, Tax Revenues Boosted, Challenges Persist
Discover how GST has simplified tax compliance, boosted revenues, and reduced rates on essential items, despite challenges like fake invoices and fraudulent registrations. Read more about its effects on the economy and future measures....
02 Jul GST Sees 134% Increase in Taxpayers Over 7 Years: Key Drivers and Trends
Discover how GST has achieved a 134% increase in active taxpayers over seven years, growing from 5.08 lakh to 11.95 lakh. Learn about the key factors driving this growth, including economic formalization, new investments, and changes in registration processes. ...
02 Jul GST Suppliers Must Obtain Undertakings or CA Certificates for Post-Sale Discounts: CBIC
According to CBIC, GST suppliers issuing post-sale discounts via credit notes must get an undertaking or CA certificate from clients confirming ITC reversal. Learn more about the latest compliance requirements and benefits for businesses....
29 Jun Rajasthan GST Faceless Management System Implementation: Transparency & Efficiency
Discover how Rajasthan GST Department's phased rollout of a faceless management system aims to enhance transparency and efficiency in GST operations. Learn more about this initiative and its impact on tax administration. Access the full order for details....
29 Jun CBIC Launches Automated Currency Exchange Rate System from July 4
CBIC introduces ERAM, an automated system for publishing currency exchange rates, enhancing trade facilitation with pre-published rates for 22 currencies. Updates twice a month, effective from the next day. Access rates on ICEGATE, ensuring transparency in customs processes....
29 Jun ITR Filing 2023-24: Essential Documents Checklist for Hassle-Free Income Tax Returns
Prepare for ITR filing 2023-24 with our comprehensive checklist of essential documents. Avoid last-minute rush and potential e-filing portal issues by gathering the required forms, bank statements, tax deduction proofs, and more. Ensure a smooth and timely filing process before the July 31 deadline...
29 Jun CBDT Order on Delayed Tax Payments Under DTVsV Act: Key Dates and Manual Processing
CBDT allows delayed tax payments under the DTVsV Act until February 28, 2022. Manual processing deadlines for Forms 3, 4, and 5 set for September 30, 2024. Learn more here. ...
29 Jun CBDT Notification No. 01/2024-25: Electronic Submission of Forms under Rule 131
CBDT mandates electronic submission of forms under Rule 131 of the Income Tax Rules, 1962. Forms 3CN, 3CS, 3CEC, 3CEFB, 59, and 59A must be submitted electronically from June 27, 2024. Learn more here....