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Hindustan Unilever said it received a demand notice from the Income Tax Department for Rs.962.75 crore and will file an appeal against the order.

Hindustan Unilever receives Rs.963 Crore Income Tax Demand Notice over TDS Dispute

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The GST department in Patna has ordered debt-ridden Vodafone Idea to pay GST of Rs 15.19 crore, plus a penalty of Rs 1.51 crore in an ineligible ITC case.

GST Department asked Vodafone Idea to pay GST of Rs.15.19 Crore along with Rs.1.51 Crore Penalty

The Finance Minister said that the GST council will be discussing rationalising tax rates next month, but that a final decision on changing taxes and slabs will come later.

FM Sitharaman says GST Council meet to discuss Rate Rationalisation on Sep 9

Judgement

Maharashtra's Authority for Advance Rulings has announced that the RBI will not be obliged to register GST on fines and penalties collected from its controlled institutions.

No GST on RBI's Penalties, Late Fees and Fines; Says Maharashtra AAR

In the significant changes, the IT department started sending out the intimation notices during the processing of ITR under “Risk Management System”.

Tax Alert: Tax Department sending out Intimation Notices during ITR Processing for large refund/deductions

Accounting ratios are comparisons of two or more financial data used to analyze a company's financial accounts.

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Hindustan Unilever receives Rs.963 Crore Income Tax Demand Notice over TDS Dispute

GST Department asked Vodafone Idea to pay GST of Rs.15.19 Crore along with Rs.1.51 Crore Penalty

FM Sitharaman says GST Council meet to discuss Rate Rationalisation on Sep 9

No GST on RBI's Penalties, Late Fees and Fines; Says Maharashtra AAR

Tax Alert: Tax Department sending out Intimation Notices during ITR Processing for large refund/deductions

Important Ratios to be disclosed in Financial Statements as per Company Law