Press Release

DGGI books 3 firms for Tax evasion of more than Rs 600 Crore

A case was booked against M/s. Fortune Graphics Limited, M/s. Reema Polychem Pvt. Ltd. & M/s. Ganpati

Centre has released over Rs 1.65 lakh crore as GST Compensation

Centre releases Rs 13,806 crore GST compensation to states for March, FY20 total at Rs 1.65 lakh

DGGI busts racket for tax evasion worth more than Rs 72 crore

Acting on specific intelligence the Directorate General of Goods and Service Tax Intelligence, Headquarters (DGGI, Hqrs) has

Memorandum of Understanding between CBDT and CBIC

A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Central

Memorandum of Understanding between CBDT and MoMSME

Memorandum of Understanding(MoU) between CBDT and MoMSME signed today A formal Memorandum of Understanding (MOU) was signed

CBDT to start e-campaign on Voluntary Compliance

CBDT to start e-campaign on Voluntary Compliance of Income Tax for FY 2018-19 from 20th July, 2020

Latest Posts

Banks-cannot-refuse-credit-to-MSME-under-emergency

Banks cannot refuse credit to MSME under emergency credit facility: Finance Minister Nirmala Sitharaman

Keeping in mind the potential of micro, small and medium enterprises (MSME) in these turbulent times, Finance Minister Nirmala Sitharaman said banks cannot refuse credit to MSMEs under the emergency credit facility. “If refused, such instances must be reported,” she said. “I

Invoice wise details of ITC auto populating in Table 8A of GSTR-9 is made available on GST Portal

A New Tab has been enabled in GST Portal “Download Table 8A Document Details” while filing GST Annual Return. A list of invoices appearing in GSTR-2A auto-populated by the GST Portal in Table 8A of GSTR-9 is made available now.
‘Scrutiny by I-T Dept reduced to 0.25% of total ITRs in AY2018-19’

‘Scrutiny by I-T Dept reduced to 0.25% of total ITRs in AY2018-19’

Scrutiny by the Income Tax Department reduced to 0.25 per cent of the total Income Tax Returns (ITRs) in assessment year 2018-19 after rising to 0.55 per cent in the assessment year 2017-18, the year of demonetisation, data tweeted by the

How to Download ITR in 5 Easy Simple Steps

Today, we are going to learn “How to Download ITR” as well as XML file and ITR form for any assessment year. Follow below steps to download ITR: 1.Go to Income Tax India Website and click on Login Here as shown

How to File ITR 1 in 6 Easy Simple Steps

Today, we are going to learn “How to File ITR” in 10 easy simple steps. Just follow below steps: 1. Go to Income Tax India Website. This is the official website and through which you are going to learn ‘How to

How to E verify ITR in 8 Easy Simple Steps

Instead of sending ITR-V to CPC, Bengaluru, just use any of these simple methods to e- Verify your ITR quickly It’s Quick, Convenient and Eco-friendly We are going to learn how to e verify ITR in Easy Steps. Just follow the below

Understand Capital Gains Tax In India In 2020

When is capital gains tax charged? Any profits or gains arising from the ‘transfer’ of a ‘capital asset’ effected in the previous year (other than exemptions) shall be chargeable to Income-tax under capital gains tax head in the previous year in

Change in GST sharing formula may deepen crisis

The Central government move to alter the Goods and Services Tax (GST) compensation-sharing formula citing a fall in tax collection will intensify the State’s fiscal crisis and seriously impact the relief and welfare initiatives being taken up to ease the COVID-19

Telangana tax revenues for April hit rock bottom

Telangana’s tax revenue dipped to nearly Rs.1,080 crore in April as the financial year began with the COVID-induced lockdown which hit the State’s revenues. The State’s total tax revenue in April 2019 was Rs.5,226.90 crore. According to the Comptroller and Auditor

CBIC issued Revised Format/Schema for E-Invoicing in Form GST INV-01

CBIC issued Revised Format/Schema for E-Invoicing in Form GST INV-01 for Taxpayers having Turnover above 500 Cr w.e.f. Oct 01, 2020 CBIC vide Notification No. 60/2020 & 61/2020 – Central Tax both dated July 30, 2020, has made amendment in the