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Himachal Pradesh passes GST Amendment Bill

The Legislative Assembly of Himachal Pradesh State has passed the HP Goods and Services Tax ( GST ) Amendment Bill 2018 on Friday along with the...

Karnataka GST Amendment Bill passed: CM Hints at Low Revenue from Cess

GST Evasion: Govt releases State-Wise details of Cases, Maharashtra Tops the List

Income Tax Dept asks Taxpayers to Beware of Phishing and Fake Refund Messages

Enforcement Directorate files Complaint against Businessman in VAT Refund Scam

Govt unearthed Rs 12,000 crore GST Evasion in 8 Months

Under the new GST regime, the Government has detected an evasion of Rs 12,000 crore in 8 months till November, a senior tax official said. According to Mr. John Joseph, the Member, Central Board of...

Cyber Tax Evasion of Rs 262 crore detected in Delhi

Last day, an evasion of Rs 262 crore of Cyber tax has been unearthed by the Delhi Government. The evasion was committed by over 8,700 traders who were found showing fraudulent tax deposits into 13...

Amount kept in Impress Account can’t be treated as ‘Business Advance’: ITAT deletes Penalty [Read Order]

While deleting a penalty order, the Income Tax Appellate Tribunal ( ITAT ), Chandigarh has held that the amount kept in the impress account cannot be treated as ‘business advance’ for the purpose of...

No Provisions in Income Tax Act to mandate Interest on Interest: Kerala HC [Read Judgment]

The Kerala High Court has observed that there is no provision in the Income Tax Act to mandate Interest on Interest with respect to the refund. The assessee-respondent in these cases is the State...

CBIC to notify the Korean Won and Turkish Lira in the List of Currencies for Exchange Rate

Under Section 14 of the Customs Act, 1962, the Central Board of Indirect Taxes and Customs ( CBIC ) notifies the Rate of Exchange for the purpose of conversion of foreign exchange to Indian Rupees...

GST Evasion of Rs. 3.25 Crore detected

The Goods and Services Tax ( GST ) department has unearthed an evasion of Rs. 3.25 crores in a surprise search conducted by the department in Madurai. A surprise visit conducted on 11 premises of an...

GST: Advance Ruling Application can be withdrawn through E-mail [Read Order]

The new Goods and Services Tax ( GST ) regime set a good example for using technological innovations to make the system more tax-friendly. Recently, the Advance Ruling application filed before the...

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