News

IT Department has sent Notice to 22,000 taxpayers, including high-net-worth people, salaried persons, and trusts, that their deductions don't match data on their Form 16 or Annual Information Statement (AIS).

22000 Taxpayer receive Income Tax Notice on account of mismatch with Form 16

The Central Bureau of Investigation has arrested a Joint Director General of Foreign Trade and Managing Director of private company based at Hyderabad in a bribery case.

CBI arrests 2 DGFT Officers and MD of Private Company in a Bribery Case

Judgement

The Supreme Court has delayed a Karnataka High Court decision that had rejected a GST notice against Gameskraft Technology for suspected evasion of Rs 21,000 crore on Sept 06, 2023.

SC stays Karnataka HC's judgment quashing Rs.21,000 Crore GST notice issued to Gameskraft

The Income Tax Department has released updated Tax Audit Utility on the income tax e-filing portal.

Tax Audit Utility Updated: Please Cross Check before Filing

Circulars

The Kerala GST Department has issued Instructions for Maintenance of Call Book for Adjudication Process via issuing Circular.

GST Department Issues Instructions for Maintenance of Call Book for Adjudication Process

Karnataka plans to impose a 28 percent GST on the real-money gambling business through a draught legislation, making it one of the first states to adopt the higher tax rates for the expanding sector.

Karnataka plans to implement 28% GST on real-money gaming sector via draft ordinance

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