New Delhi, January 18, 2018
Central Board of Excise and Customs (CBEC) Chairperson Vanaja N Sarna on Thursday said that they are doing thorough checking and scrutiny of input tax credit and transitional credit.
GST Council slashed GST rates on 54 services and 29 items; 15 states to start intra-state e-way bill from February 1
Discusses simpler return filing plan but no decision yet
January 18, 2018
Just days after Reserve Bank of India (RBI) Deputy Governor Viral Acharya Banks warned banks on their weak risk management culture,
Mumbai, January 18, 2018
A 42-year-old textile trader and a resident of Mumbai who had received an income tax query for buying Bitcoins has replied that he has transferred his bitcoins to his younger brother in Dubai.
Bengaluru, January 18, 2018
The GST Council suspects many traders are understating their revenue by using the simplified composition tax scheme.
Detailed invoice-level filings are important because it is only after these details are available that GST authorities can check the levels of tax evasion.
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