CGST: Guidelines for initiation of recovery proceedings before three months from the date of service of demand order

CGST: Guidelines for initiation of recovery proceedings before three months from the date of service of demand order

CBIC vide Instruction No. 01/2024-GST dated 30-05-2024, addressing the Guidelines for initiation of recovery proceedings before three months from the date of service of demand order concerning the Central Goods and Services Tax Act, 2017 (CGST Act). This instruction is directed to all Principal Chief … Continue Reading →
PPF, Sukanya Samridhhi Yojana etc the interest rate for several small savings schemes will remain unchanged for April-June 2024 quarter of the upcoming financial year.

PPF, Sukanya Samridhhi Yojana etc the interest rate for several small savings schemes will remain unchanged for April-June 2024 quarter of the upcoming financial year.

Order No. F.No.Val20L9-NS Government of India Ministry of Finance Department of Economic Affairs dated 08-03-2024: The interest rate for several small savings schemes will remain unchanged for April-June 2024 quarter of the upcoming financial year. Small savings schemes Interest rates for April-June 2024 Savings deposits … Continue Reading →
Meerut CGST Commissionerate busts syndicate that fraudulently claimed Input Tax Credit of over Rs. 1,000 crore through a network of 232 fake firms, 3 arrested

Meerut CGST Commissionerate busts syndicate that fraudulently claimed Input Tax Credit of over Rs. 1,000 crore through a network of 232 fake firms, 3 arrested

PIB Posted On: 07 MAR 2024 6:37PM by PIB Delhi The Anti-Evasion branch of Central Goods and Services Tax (CGST) Commissionerate, Meerut, started an investigation in October 2023 into a large syndicate that fraudulently claimed Input Tax Credit (ITC) by way of fake billing. … Continue Reading →
Liberalised Remittance Scheme (LRS) for Resident Individuals- Reporting of monthly return and daily transactions

Liberalised Remittance Scheme (LRS) for Resident Individuals- Reporting of monthly return and daily transactions

RBI/2023-24/93 A.P. (DIR Series) Circular No.11 December 22, 2023 To All Category-I Authorised Dealer Banks Madam/Sir, Liberalised Remittance Scheme (LRS) for Resident Individuals- Reporting of monthly return and daily transactions Attention of all Authorised Dealer Category-I (AD Category- I) banks is invited to A.P. … Continue Reading →