Many large companies to move Appellate Authority against GST demand notices
In recent days, an increasing number of GST notices have been sent to many companies mainly on account of alleged discrepancy in input tax credit (ITC).
In recent days, an increasing number of GST notices have been sent to many companies mainly on account of alleged discrepancy in input tax credit (ITC).
Crosses Rs 20 lakh crore mark in FY24
The fake news industry has grown by leaps and bounds under the tutelage of the BJP.
The search operation was conducted by the Office of the Deputy Commissioner of State Tax, Range-A, Lucknow.
Union Minister for Finance Nirmala Sitharaman will inaugurate the one-day conference and will also deliver the keynote address.
Talking about Kerala's potential for being an Industrial state and on upcoming investments in the state Vijayan said
Chief minister Mamata Banerjee said the entire expense will be borne by the state government since the central government has stopped all the development funds meant for the state.
A simple solution to control time and cost overruns would be to condense the timeline of all Government projects to one year. Typically, each Government Department has scores of projects running simultaneously. Budget allocations are made in a way that some projects hibernate while others are speeded-up. If a time period of one year is uniformly allocated for all Government projects, starting from 1 April, cost and time overruns could be easily monitored
A high-level Parliamentary panel has suggested to the government to look into the possibility of developing a mechanism for online audit in GST, in order to make the process more efficient and less intrusive.
The budget was completely silent on any tax revisions on bidis or smokeless tobacco, which are consumed by most Indian tobacco users. It is pertinent to mention here that cigarettes account for only 15 per cent of tobacco users in India. There are reports which establish that cigarette smokers switch to bidis when cigarettes become exorbitant; this is equally detrimental to health. For public health professionals this negligible tax increase on cigarettes in the Union Budget and leaving taxes on other tobacco products unaffected was a major disappointment
