GST Collection in August stands at Rs 86,449 crores
The gross GST revenue collected in the month of August, 2020 is Rs 86,449 crore of which CGST is Rs 15,906 crore, SGST is Rs 21,064 crore, IGST is Rs 42,264 crore,” said the finance ministry.
GST Return: How to file GST Nil returns by sending SMS
How to file Nil GSTR-1 Returns through SMS: In a big relief to GST taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has allowed the filing of NIL GSTR-1 return just by sending a SMS. It would substantially improve ease of GST compliance, according to the tax experts.
Good News! Modi government extends Aadhaar-PAN linking deadline
PAN-Aadhaar linking deadline: Modi governmet has extended the deadline to link PAN with Aadhaar by another three months.However, this may be one last opportunity.
Income Tax Department busts Benami petrol pump racket in Meghalaya
Tax officials recovered Rs 2 crore in unaccounted cash and seized documents. Unaccounted cash was stashed in unlikely places like water tanks.
Angel Tax: Govt extends relief from angel tax to all recognised startups
Angel Tax on Startups: Modi government has extended several reliefs to start-ups facing scrutiny from income tax department, it will be with retrospective effect.
Crackdown: Income Tax dept raids two liquor groups in TN, unearths undeclared income of Rs 700 crore
Cracking down on tax evasion: In the two raids conducted over the last week, income tax officials have unearthed sham transactions worth Rs 700 crore.
Helping Hand: NHB pumps in Rs 10,000 crore in market for affordable housing
Rs 10,000 additional liquidity facility by National Housing Bank to Housing Finance Companies in addition to two existing schemes of NHB.
GST Fake Bill: Tax officials bust the racket for issuing fake GST invoices
GST Fake Invoice: GST officials in Delhi have busted a racket of issuing fake GST invoices and arrested two persons & recovered fake bills and stamps.
Income Tax department raids a prominent builder in Mumbai
Income Tax officers have raided more than 40 places linked to the builder in Mumbai and Pune and unearthed bogus transactions worth Rs 700 crore.
GST: Gross GST collections in July remains above Rs one lakh crore
GST Collections in July 2019 have grown by 5.8% over the same month last year. Bulk of the money comes from IGST and duty on imports.
News
Walkoo Food Acquires Majority Stake in Meemee’s Ice Creams
Walko Food Acquires Majority Stake in Meemee’s Ice Creams, Think Law, Burgeon Law Act as Advisors: Mumbai, India – Walko Food Company Private Limited, the parent company behind the popular NIC Ice Cream brand, has announced a significant strategic move into India’s burgeoning artisanal dessert segment with the acquisition of a majority stake in Scoop Some More Private Limited, which operates under the brand name MeeMee’s Ice Creams. This acquisition marks a sweet expansion for Walko Food, broadening its dessert portfolio and tapping into a market segment known for its innovative and youth-oriented products.
Wilmar Acquires 20% Stake in AWL Agri Business from Adani for Rs 7150 Crores
Wilmar Acquires 20% Stake in AWL Agri Business from Adani for $860 Million: Ahmedabad, India — In a significant move within the Indian FMCG sector, Wilmar Group has agreed to acquire a 20% stake in AWL Agri Business Limited from Adani Group for a total consideration of ₹7,150 crore (approximately $860 million). The acquisition, which marks a major shift in the ownership structure of the prominent food and beverage conglomerate, was finalized through Wilmar’s wholly-owned subsidiary, Lence Pte. Ltd.
Income Tax department raids a prominent builder in Mumbai
Income Tax officers have raided more than 40 places linked to the builder in Mumbai and Pune and unearthed bogus transactions worth Rs 700 crore.
Income Tax department raids a prominent builder in Mumbai
Income Tax officers have raided more than 40 places linked to the builder in Mumbai and Pune and unearthed bogus transactions worth Rs 700 crore.
GST Return: How to file GST Nil returns by sending SMS
How to file Nil GSTR-1 Returns through SMS: In a big relief to GST taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has allowed the filing of NIL GSTR-1 return just by sending a SMS. It would substantially improve ease of GST compliance, according to the tax experts.
Tax
Crackdown: Income Tax dept raids two liquor groups in TN, unearths undeclared income of Rs 700 crore
Cracking down on tax evasion: In the two raids conducted over the last week, income tax officials have unearthed sham transactions worth Rs 700 crore.
InsuranceAll InsuranceLoanPersonal Finance
CCI Dismisses Bid-Rigging Allegations Against Adani, RP-Sanjiv Goenka in Coal Block Auctions
CCI Dismisses Bid-Rigging Allegations in Coal Block Auctions, Citing Lack of Evidence and Delay: New Delhi — The Competition Commission of India (CCI) has dismissed a major complaint alleging cartelisation…
