taxmen

MUMBAI: Finance minister Nirmala Sitharaman on Friday said there is evidence of “brazen misuse” of tax lawsby some sections to claim unlawful refunds, and the use of deep data and artificial intelligence has revealed a trail of funds to…

GST officers are using data analytics to ascertain if the entire supply chain in a particular sector is paying adequate GST or if there is a missing link, an official said. With GST evasion of over Rs 1 lakh crore detected in the last…

The CBIC has asked tax officers to abide by the NCLT order in insolvency cases and recover only that much GST dues as has been finalised by the tribunal.In a circular, the Central Board of Indirect Taxes and Customs (CBIC) said the…

PTI New Delhi, December 4The income tax department has reduced the time for tax officers to decide on adjustment of refunds against outstanding tax…

GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the finance ministry has said. However, this monetary threshold will not be applicable…

NEW DELHI: GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the finance ministry has said. However, this monetary threshold will not be…

NEW DELHI: Finance minister Nirmala Sitharaman urged tax officials on Friday to ensure transparency and remove any scope for discretion and said introduction of the Goods and Services Tax(GST) has ushered in compliance and helped remove…

The Central Board of Direct Taxes (CBDT) has issued detailed guidelines on facilitating tax deducted at source (TDS) on virtual digital assets (VDA) or crypto assets, under which date of transfer and mode of payment will have to be…

Looking to address the concerns of taxpayers about high-pitched assessments under the faceless scheme, the revenue department has asked the Central Board of Direct Taxes (CBDT) to initiate strict action against officials for slapping…

The Income Tax (I-T) Department now has an upper hand in chasing undisclosed foreign asset cases that were reopened before 2021. A tax tribunal, last week, has questioned the oft quoted rulings by the high court and Supreme Court on the…