News

CBIC has clarified that when power charges are combined with rental of immovable property, it is deemed a composite supply and is subject to 18% GST.

CBIC issued clarification on GST implications for Electricity Charges

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs.8.25 Lakhs on 4 Cooperative Banks for non-compliance with RBI directions.

RBI imposes Monetary Penalty on 4 Co-operative Banks; Know Details

In order to alleviate food inflation, the Union government has agreed to distribute wheat flour (atta) at subsidised prices of Rs. 27.50 per kg, as opposed to the market pricing, which ranges between Rs. 40 and 45 per kg.

Government distributes subsidised Bharat Atta ahead of Diwali

Notifications

The Central Board of Direct Taxes has enabled the E-filing of Form 56F for A.Y. 2023-24 through online mode via issuing a notification.

Income Tax Form 56F for A.Y. 2023-24 available for E-filing

The Punjab Cabinet, led by Chief Minister Bhagwant Mann, approved the One Time Settlement Scheme for paying pre-GST arrears on Monday, benefiting over 60,000 traders as a Diwali Gift.

Diwali Gift to Traders: Punjab Cabinet approves Pre-GST Arrears Settlement Scheme for Traders

The Directorate General of Goods and Services Tax Intelligence, Meerut Zonal Unit, has busted a large-scale racket involving bogus invoicing worth Rs. 1,481 crore.

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CBIC issued clarification on GST implications for Electricity Charges

RBI imposes Monetary Penalty on 4 Co-operative Banks; Know Details

Government distributes subsidised Bharat Atta ahead of Diwali

Income Tax Form 56F for A.Y. 2023-24 available for E-filing

Diwali Gift to Traders: Punjab Cabinet approves Pre-GST Arrears Settlement Scheme for Traders

Fake GST invoice racket worth Rs. 1,481 crore busted by DGGI Meerut