Table of Contents Crackdown on FMCG Companies for Alleged Tax EvasionInitiation of Actions by DGGIGovernment’s Clarification and AllegationsIndustry Response and Seeking ClarityExpert Opinion and Call for ClarificationConclusion Crackdown on FMCG Companies for Alleged Tax Evasion The Directorate General of GST Intelligence (DGGI) has launched actions
Table of Contents Introduction:Tax Collection Growth:Modernization Efforts:Unique Fiscal Situation:Taxpayer Statistics:Tax Evasion Detection:Budget Allocations: Introduction: Finance Minister Atishi outlined the state’s plan to strengthen its Goods and Services Tax (GST) administration, aiming for a faceless system. She emphasized the need to modernize the IT infrastructure of
Table of Contents Introduction:Background of the Case:Reasons for Bail Denial:Conclusion: Introduction: The recent decision to deny bail for Tausif Padhiar in connection with a fraudulent billing case has brought significant attention to the ongoing investigation conducted by the city crime branch. Alongside three other individuals,
Table of Contents Introduction:Challenges in Meeting Schedule:Deferred Discussions and Pending Matters:Uncertainty Amidst Election Season:Conclusion: Introduction: The GST Council, responsible for crucial tax-related deliberations, has faced constraints in meeting its mandated schedule due to various commitments. Notably, the council couldn’t convene in January and February as
Table of Contents Navigating the Challenges of GST on Affiliation Fees for Public Universities in MaharashtraSeeking Support from the State GovernorAdvocacy Efforts with the GST CouncilTaxation on Educational ServicesDispute Over Affiliation FeesRequests for Information and University AnxietyInsight from University Finance OfficerGovernment’s StanceExpert Opinion and Hope
Table of Contents Introduction:Consultations and Recommendations:Decision by GST Council:Mixed Responses from Stakeholders:Current Tax Structure for FFVs:Review Process:Flex Fuel and FFVs:Conclusion: Introduction: The Ministry of Heavy Industries is currently assessing proposals to decrease the Goods and Services Tax (GST) on flexible fuel vehicles (FFVs) from the
Table of Contents Delhi Government to Modernize GST Administration in Budget 2024-25Focus on GST and VAT RevenueSteady Growth in GST and VAT CollectionsModernization EffortsCollaboration with IIT HyderabadEfforts to Ensure Fiscal DisciplineFiscal Surplus Amidst Unique ChallengesUnique Fiscal DisciplineConclusion Delhi Government to Modernize GST Administration in Budget
Table of Contents Navigating Taxation Challenges: Online Gaming Companies’ Strategic ResponsesLimiting Withdrawal FrequencyAdjustments in Win Percentages for Fantasy SportsImposing Restrictions on Daily WithdrawalsRedefining Revenue ModelsAligning Product-Market Fit StrategiesExploring Adjustments in Minimum Winnings BracketsAnticipating Further Regulatory ShiftsConclusion Navigating Taxation Challenges: Online Gaming Companies’ Strategic Responses The
Table of Contents IntroductionUnion Government Seeks Supreme Court Transfer for GST Cases on Real Money GamingPending Cases Across High CourtsAnticipated Supreme Court HearingTax Department’s IntentionsResolution of Tax AmbiguityBackground of the IssueConclusion Introduction The Union government’s recent filing of a transfer petition before the Supreme Court
Table of Contents Introduction:CGST Authorities Arrest Firm’s Head of FinanceAlleged Tax EvasionPrevious Arrest and InvestigationLegal ProceedingsConclusion Introduction: On March 1, 2024, the CGST Mumbai Zone, CGST Navi Mumbai Commissionerate, made a significant arrest that sent shockwaves through the financial sector. The Head of Finance of
