Final stage of Union Budget 2023-24 commences with Halwa Ceremony
The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held in North…
Author: TW Editorial Team
TW Editorial Team comprises of team of experienced Chartered Accountants and Advocates devoted to spread the knowledge of GST amongst the various stakeholders.
Transactions worth Rs 12,000 crore by insurers under taxman’s lens
Transactions of more than ₹12,000 crore are under the scanner of the income-tax department that is probing several commission agents…
Uniform GST audits for easier compliance scrutiny on cards
Departmental GST audits have in recent months picked up momentum after businesses were given time to adapt to the new…
Filing of GST Refund Application by an Unregistered Person
GST Council in its 48th meeting held on 17th December,2022 inter alia decided for the government to lay down the…
CBIC gives clarification on GST on SUVs, carbonated drinks
The Central Board of Indirect Taxes and Customs (CBIC) has issued a Circular No. 189/01/2023-GST dated 13th January,2022 clarifying the…
Taxman can’t keep GST paid by mistake: HC
Experts welcomed the ruling and noted that the High Court has found the stringent conditions of GST laws such as…
Rs 1,49,507 crore GST Revenue collected for Dec 2022, records increase of 15% YoY
The gross GST revenue collected during December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357…
MCA to Launch 56 Forms in Two Phases by 23rd January
The Ministry of Corporate Affairs (MCA) in its continuous endeavour to serve companies better, is launching Second set of Company…
Beware taxpayers! Time limit for verification of ITR reduced to just 30 days
After submitting his/her Income Tax Return (ITR) online earlier, a taxpayer used to get 120 days’ time to verify the…
Big agenda at GST Council’s 48th meeting
Rationalisation of rates and review of slabs unlikely to be considered The GST Council has a lengthy agenda at its…
GST Council to set scope of tribunals at this week’s meet
Proposals to tackle tax evasion in pan masala, gutka, bricks and sand mining industries will also be taken up at…
5, including CA, held in Rs 11-cr GST scam
Police officials claimed that the scam could involve misappropriation of GST funds of Rs 100 crore. Five people, including a…