The officers of Anti Evasion wing of Thane CGST Commissionerate of Mumbai zone have arrested an exporter who is Director of a Private Limited Company, for fraudulently claiming GST Input Tax Credit (ITC) of Rs. 15.26 Crore. This ITC was claimed on the basis of bogus invoices of Rs. 85 Crore issued by the fake […]
Central banks remain at the heart of modern monetary and financial systems. They have several instruments at their disposal to carry out their wide-ranging mandate which includes monetary policy as the prime tool to achieve macroeconomic stability.
GSTN enabled a new feature of Geo-location for new registration and amendment of address for existing registration The Goods and Services Tax Network (GSTN) has enabled new feature of Geo-location for picking address for new registration and amendment of address for existing registration.
Tax payers with turnover between Rs. 20 Cr and Rs. 50 Cr are enabled for testing on Sandbox As per the notification No. 01/2022-Central Tax Dated :24-02-2022, e-Invoicing is mandatory for the taxpayers with annual turnover more than Rs.20 crores from 1st April 2022. The taxpayer can check his eligibility of e-Invoicing at Option Search […]
CGST Commissionerate, Raigad of CGST Mumbai Zone has smashed a racket of fake GST Input Tax Credit (ITC) involving fake invoices amounting to Rs. 70 Crore involving ITC of Rs. 13 Crore and has arrested the proprietor of a Kalamboli based firm, M/s. Zaid Enterprises.
CBI, ACB, Nagpur has registered a case U/s 7 A of Prevention of Corruption Act against Shri Hernant Rajandekar, Chartered Accountant, M/s V. R Inamdar & Co., Ajni Chowk, Nagpur, on receipt of a complaint from Shri Jayant Laxmikant Choupane, Contractor. M/s Jai Electricals & Electronics, District – Yavatmal alleging demand of bribe of Rs. 4,50,000/- as motive to induce Shri Mukul Patil , Joint Commissioner. CGST, Nagpur-2 by corrupt and illegal means to cause performance of a public duty dishonestly.
Income Tax payable on the contribution in a PF account exceeding Rs. 5 lakh per annum w.e.f. financial year 2021-22-reg. Ministry of Finance Department of Expenditure O/o Controller General of Accounts, GPO Complex, E-Block, INA New Delhi. TA-3-07001/7/2021-TA-III-Part (1)/cs-8084/81 | Dated: 04.03.2022 OFFICE MEMORANDUM Subject: Income Tax payable on the contribution in a PF account […]
RBI has accorded regulatory approval to National Federation of Urban Co-operative Banks and Credit Societies Ltd. (NAFCUB) in June 2019 for formation of Umbrella Organization (UO) for the UCB Sector. The approval inter-alia permits UCBs to subscribe to capital of the UO on voluntary basis.
Notice for applications for the post of Senior Standing Counsels and Junior Standing Counsels for Income Tax Department in Bombay High Court – Regarding. The Income Tax Department, Mumbai proposes to empanel eligible advocates for the post of Senior Standing Counsels and Junior Standing Counsels in terms of CBDT’s Instruction No 7 of 2016 dated […]
All Indian Citizens in Ukraine are advised to not move to any of the border posts without prior coordination with Government of India officials at the border posts (helpline numbers established) and the Emergency numbers of Embassy of India, Kyiv.
