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
Table of Contents GST Applicable to Processed Pulses: AAR RulingBrokerage of Agricultural Produce: 18% GST RulingCase Study: Gayatri EnterprisesClarification on GST ApplicabilityAAR’s InterpretationImpact on Business OperationsConclusion: Understanding GST Applicability GST Applicable to Processed Pulses: AAR Ruling In a recent ruling, the Andhra Pradesh authority for
Table of Contents Ex-Income Tax Officials Sentenced for Bribery: A Blow to Corruption in IndiaJudge’s Criticism of Widespread CorruptionRefusal of LeniencySignificance of the Verdict Ex-Income Tax Officials Sentenced for Bribery: A Blow to Corruption in India A recent verdict by a CBI court has brought
Table of Contents Background:Legal Issue:Court’s Ruling:Importance of Valid ITC Claims:Rejection of Entire ITC Claim:Quashing of Impugned Orders: Background: In a recent case (Writ Petition No. 3804 of 2024 dated February 20, 2024), the Hon’ble Madras High Court ruled in favor of Sri Shamunga Hardwares Electricals
Table of Contents Gang Arrested for Fraudulent GST Refund Scheme in LudhianaInitiation of InvestigationMagnitude of DeceptionSwift Action and Legal ProceedingsContinued Efforts and CrackdownConclusion Gang Arrested for Fraudulent GST Refund Scheme in Ludhiana Authorities in Ludhiana have made significant strides in dismantling a gang responsible for
Table of Contents Ajay Bhushan Pandey, NFRA Chairman, Emphasizes Focus on Audit QualityNFRA’s Mandate and Inspection FocusProtecting Investor Interests in a Digital EraSignificance of Company Audit CommitteesEngagement Strategies with Audit CommitteesJurisdiction and Future EndeavorsAddressing Concerns on Non-Audit ServicesConclusion Ajay Bhushan Pandey, NFRA Chairman, Emphasizes Focus
Table of Contents CBDT Allows Rectification of Incorrect Audit Report Forms for A.Y. 2023-24Income Tax Exemption CriteriaRequirement of Audited AccountsPrescribed Audit Report FormsChanges in FormsRectification OpportunityEnsuring Compliance CBDT Allows Rectification of Incorrect Audit Report Forms for A.Y. 2023-24 In a recent development, the Central Board
