Centre mandates CCI to test GST-related profiteering

The central executive has given the mandate to test Items and Products and services Tax (GST) linked profiteering through companies to anti-trust watchdog Festival Fee of India (CCI) from 1 November, because the time period of the Nationwide Anti-profiteering Authority (NAA) involves an finish. An reputable order from the Central Board of Oblique Taxes and … Read more

Mamata Banerjee prone to meet PM Modi on 5 Dec, speak about key problems

At the sidelines of the Leader Minister’s assembly, West Bengal Leader Minister Mamata Banerjee is prone to meet PM Modi on 5 December and speak about delicate problems like the discharge of state’s dues through the Union executive, erosion through river Ganga and arrears pending for the implementation of MGNREGA in West Bengal, an authentic … Read more

Merger of anti-profiteering frame with CCI faces hurdles

NEW DELHI : The federal government’s concept of merging the Nationwide Anti-profiteering Authority (NAA), which penalizes companies for items and services and products tax (GST)-related profiteering, with the anti-trust regulator Pageant Fee of India (CCI) has run up in opposition to a number of administrative demanding situations, together with the quick span of a few … Read more

Gradual GST portal: CBIC mulls extending Sept returns submitting due date

The Central Board of Oblique Taxes and Customs on Thursday mentioned it’s inspecting the proposal of extending the cut-off date for submitting GST returns for September as taxpayers are dealing with sluggish functioning of the GSTN portal GSTR-3B is filed in a staggered method between the twentieth, twenty second, and twenty fourth of each and … Read more

GST Council to satisfy prior to mid-November, tax on on line casino, on-line gaming on time table

GST Council is prone to meet within the first part of November to speak about the reviews of the panel of ministers on putting in GST appellate tribunal and levy of tax casinos and on-line gaming, an legit stated. The standing at the a lot awaited complete file of the committee tasked with rationalisation of … Read more

CBIC urges tax payers to fulfill TDS, TCS go back submitting cut-off dates

New Delhi: The Central Board of Oblique Taxes and Customs (CBIC) has recommended companies to report their go back bureaucracy in terms of taxes to be deducted or accrued at supply (TDS and TCS) for September to keep away from past due rate and passion. In social media posts, the oblique tax authority reminded tax … Read more

Over  ₹500 cr in GST-linked extra earnings recovered

NEW DELHI : Companies have up to now returned ₹510 crore they’ve allegedly profiteered from shoppers, and so they face the possibility of returning a bigger quantity to shoppers, in line with reliable estimates at the regulatory motion on items and services and products tax (GST) linked profiteering via the business. Firms have both returned … Read more

GST frame to behave in opposition to best on-line gaming companies

The net gaming sector in India should brace for a flurry of tax claims from items and services and products tax (GST) government, alongside the traces of the attention issued to unicorn startup Gameskraft Era all over the weekend. On 25 September, the Directorate Normal of GST Intelligence (DGGI) served a show-cause understand asking Gameskraft … Read more

Karnataka expects extra earnings with financial restoration after Covid pandemic: CM Basavaraj Bommai

Karnataka Leader Minister Basavaraj Bommai is anticipating an build up within the state’s earnings within the present monetary yr 2022-23 amid the restoration within the financial system because the Covid-19 pandemic subsides. Bommai who additionally holds the Finance portfolio within the Karnataka executive mentioned, “Put up-Covid financial restoration is on, final yr we carried out … Read more

Business hails GoM’s transfer to tax on-line gaming one at a time

India’s on-line gaming trade is heaving a sigh of aid after a call by way of a Staff of Ministers (GoM) to regard on-line gaming one at a time from horse racing and playing whilst enforcing taxes. In July, the Items and Services and products Tax (GST) Council determined to extend the tax on on-line … Read more