Union Minister for Road Transport and Highways Nitin Gadkari has said that it is ‘one hundred per cent’ possible for the country to get rid of petrol and diesel cars altogether to make India a green economy.
Read MoreTop news on 31 March: PM Modi launches Lok Sabha poll campaign in Meerut, Zomato gets ₹23.26 crore GST demand order, INDIA bloc holds Maharally in Ramlila Maidan
Read MoreOnline food delivery platform Zomato said, on March 31, that the company has received a GST demand order worth ₹23.26 crore for FY 2018-19 from Karnataka tax authorities, on March 30. The demand order has been received in respect of excess availment of input tax credit and interest, penalty thereon, the company said in an exchange filing.
Read MoreAn Uber ride in Noida, Uttar Pradesh, made a man owe crores to the cab aggregator even when the ride was not cancelled. A viral post-X claimed that a man in Noida had booked an Uber auto for ₹26. He was left in shock when he received a whopping bill of ₹ 7.66 crore on his app.
Read MoreA home loan processing fee is a singular fee imposed by lenders for evaluating your home loan application. This fee primarily includes the expenses associated with verifying your income and employment information, assessing your creditworthiness, and assembling all the required documentation for your loan. The processing fees for home loans usually vary between 0.25% and 1% of the loan amount. Additionally, some lenders may have a set fee amount.
Read MoreEditor5 29 Mar 2024 18 Views 0 comment Goods and Services Tax | Featured, News
Introduction: The Goods and Services Tax Practitioners’ Association of Maharashtra (GSTPAM) has submitted a formal request to the Commissioner of State Tax in Maharashtra, urging an extension of the due dates for filing returns under The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975. This request stems from widespread technical issues hindering taxpayers and tax practitioners across the state.
Source: https://www.livemint.com/economy/no-more-fishing-inquiries-gst-officials-told-11711645747088.html
New Delhi: Tax officials must avoid "fishing inquiries" into goods and service tax (GST) related matters, specify the nature of the investigation in formal letters to designated company officials, and avoid vague expressions in letters and summons, under new guidelines from the Directorate General of GST Intelligence (DGGI).
Read MoreNew Delhi: The federal indirect tax body is unlikely to make any changes to the 28% goods and services tax (GST) regime on online money gaming until the Supreme Court gives its final order on a bunch of tax disputes for the period prior to its introduction last October, a person informed about the development said.
Read MoreNew Delhi: State development loans (SDL), or bonds issued by state governments to manage their revenue and fund their fiscal deficit, are unlikely to meet the target for FY24, much like last fiscal.
Read MoreSource: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-february-2024.html
Editor2 26 Mar 2024 141 Views 0 comment Goods and Services Tax | News
Introduction: The Goods and Services Tax (GST) Council convened its first National Conference of Enforcement Chiefs in New Delhi, marking a significant step in enhancing tax compliance and combating evasion. Led by the Hon’ble Union Minister for Finance and Corporate Affairs, the conference showcased notable achievements, including substantial strides in detecting tax evasion and fostering collaboration among tax authorities. This article delves into the key highlights and outcomes of the conference, shedding light on the evolving landscape of GST enforcement in India.