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GST payable on interest component of EMI of Credit Card loan: Calcutta HC
HIGH COURT OF CALCUTTA: Ramesh Kumar Patodia v. Citi Bank [WPO NO. 547 OF 2019 JUNE 24, 2022 ] Facts: ♦ Petitioner is a holder of a valid Citi Bank Credit Card issued by the respondent no. 1/Bank. He...
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GST Council Newsletter for the month of July, 2022
GST Revenue collection for July, 2022 ₹1,48,995 crore gross GST revenue collected in the month of July, 2022 The gross GST revenue collected in the month of July, 2022 is ₹1,48,995 crore of which CGST...
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No GST on ‘Sarais’ run by religious/charitable trusts
GST has recently been imposed with effect from 18 July, 2022. Certain sections of the media and social media are spreading the message that GST has recently been imposed with effect from 18 July, 2022...
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10 recent policy measures to curb GST evasion by fraudulent persons
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 3634 TO BE ANSWERED ONMONDAY, AUGUST 08, 2022/ SRAVANA 17, 1944(SAKA) PAYMENT OF GST BY REGISTERED DEALER...
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Office Order No.166 of 2022 [ Promotion to the grade of CIT]
No. A-32011/7/2021-Ad.VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, The 5th August, 2022. Office Order No. 166 of 2022 Conseque...
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Drugs seized in 8 cases from Gujarat Ports in 2021 & 2022 by DRI
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO-3459 ANSWERED ON-MONDAY, AUGUST 8, 2022/SRAVANA 17, 1944 (SAKA) Drugs Seized from Gujarat Port 3459. SHRI...
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Tax on domestically produced Crude Petroleum & export of Petrol, Diesel & ATF
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA STARRED QUESTION NO. *311 TO BE ANSWERED ON MONDAY, AUGUST 8, 2022 WINDFALL TAX ON CRUDE OIL *311. SHRI PASUNOORI DAYAKAR: DR. G...
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Income-tax payer cannot Join Atal Pension Yojana wef 1st October 2022
Government notified that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join Atal Pension Yojana (APY). In case a subscriber, who joined on or afte...
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Books of accounts to be maintained by university, charitable/medical institutions
CBDT notifies Income tax rules 17AA. Books of account and other documents to be kept and maintained by institution or trust or any university or other educational institution or any hospital or other...
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Income Tax Department searches gems & jewellery group in Rajasthan
Income Tax Department conducts searches in Rajasthan The Income Tax Department carried out a search operation on 03.08.2022 on a Jaipur based group, engaged in the business of gems and jewellery, hosp...
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Income Tax Department conducts searches in Madhya Pradesh
The Income Tax Department carried out a search operation on 14.07.2022 on a group engaged in the business of mining, sugar manufacturing and liquor. The key person of the group is also occupying a pol...
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Various steps taken by Government to increase tax collection
Various measures taken by Government contribute to increase in tax collection Various factors like rapid economic recovery post COVID, better compliances due to various measures taken by Government ha...
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Income Tax searches people related to film Industry in Tamil Nadu
Income Tax Department conducts searches in Tamil Nadu The Income Tax Department carried out search and seizure operations on 02.08.2022 in the cases of certain producers, distributors, and financiers...
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Govt have no role in corporate insolvency resolution process (CIRP)
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3536 ANSWERED ON MONDAY THE 8TH AUGUST, 2022 SRAVANA 17, 1944 (SAKA) REPAYMENT OF LOANS UNDER IBC QUESTION 3536. SHRI...
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No rule making power for Voluntary liquidation for corporate persons in IBC 2016
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3492 ANSWERED ON MONDAY THE 8TH AUGUST, 2022 SRAVANA 17, 1944 (SAKA) VOLUNTARY WINDING UP OF COMPANIES QUESTION 3492....
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Supreme Audit Institutions should engage with media, citizens & anti-corruption agencies: CAG
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA Supreme Audit Institutions should engage with media, citizens and anti-corruption agencies Engagement of Supreme Audit Institutions (CAGs) should...
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All 4 PSU insurers incurred losses in health insurance business in 2016-17 to 2020-21
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA New Delhi | 5th August 2022 Audit Report on Third Party Administrators in Health Insurance business of Public Sector Insurance Companies tabled i...
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No provision to re-seal property already auctioned by nationalized banks
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO.3629 TO BE ANSWERED ON Monday, August, 8, 2022 Re-sealing of Property by Banks 3629. SHRI GOPAL...
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8 measures to protect people from Ponzi Schemes
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO. 3615 ANSWERED ON MONDAY, 8th AUGUST, 2022/ SRAVANA 17, 1943 (SAKA) PONZI SCHEMES 3615: SHRI RA...
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ED searches Director of WazirX Crypto-Currency Exchange
ED searches the Director of WazirX Crypto-Currency Exchange & freezes its Bank assets worth Rs 64.67 Crore for assisting accused Instant Loan APP Companies in laundering of fraud money via purchase &...