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STEPWAY SOLUTIONS
Aug 4, 20212 min read
CGST authorities bust input tax credit fraud of more than Rs 31,000 crore involving more than 7,200
The Goods and Services Tax authorities have unearthed over Rs 31,000 crore of tax fraud committed by misuse of input tax credit (ITC)...
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STEPWAY SOLUTIONS
Aug 4, 20212 min read
GST authorities recover more than Rs 1,900 crore in tax evasion in FY 2021-22 (upto June 2021)
The interface for the taxpayers is on a digital platform and software-based, to be used for payment of tax and to comply with the...
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STEPWAY SOLUTIONS
Aug 4, 20212 min read
CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961
On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the...
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STEPWAY SOLUTIONS
Aug 2, 20212 min read
GST Revenue collection for July 2021 ₹1,16,393 crore gross GST revenue collected in July
The gross GST revenue collected in the month of July 2021 is ₹ 1,16,393 crore of which CGST is 22,197 crore, SGST is ₹ 28,541 crore,...
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STEPWAY SOLUTIONS
Jul 31, 20211 min read
Monthly Review of Accounts of Union Government of India upto month of June 2021 for Financial Year 2
The Monthly Account of the Union Government of India upto the month of June 2021 has been consolidated and reports published. The...
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STEPWAY SOLUTIONS
Jul 31, 20212 min read
Income Tax Department conducts searches in Kanpur
The Income Tax Department carried out a search action on 29.07.2021 on a large group based in Kanpur and Delhi. The group is in the...
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STEPWAY SOLUTIONS
Jul 30, 20212 min read
Income Tax Department conducts searches in Jharkhand
Income Tax Department carried out a search operation on 28.07.2021 on a prominent group in Jharkhand dealing in building construction and...
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STEPWAY SOLUTIONS
Jul 28, 20212 min read
Direct tax collection doubled for first quarter of current fiscal
Direct tax collection for the first quarter of the current fiscal has doubled. This was stated by Union Minister of State for Finance...
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STEPWAY SOLUTIONS
Jul 28, 20211 min read
New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers.
GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: • The taxpayers can now see the exact...
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STEPWAY SOLUTIONS
Jul 27, 20211 min read
54,439 appreciation certificates given to taxpayers on eve of completion of 4 years of GST
54,439 appreciation certificates given to taxpayers on eve of completion of 4 years of GST For their substantial contribution in payment...
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STEPWAY SOLUTIONS
Jul 27, 20213 min read
Systemic measures by Government under Black Money Act yields results;
Systemic measures by Government under Black Money Act yields results; detects undisclosed income of several crores. In the recent years,...
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STEPWAY SOLUTIONS
Jul 26, 20213 min read
Income Tax Department conducts searches PAN-India in a prominent group having diversified businesses
Income Tax Department carried out a search operation under section 132 of the Income - tax Act, 1961 on 22.07.2021 on a prominent...
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STEPWAY SOLUTIONS
Jul 26, 20213 min read
Income Tax Department conducts searches in Uttar Pradesh
Income Tax Department carried out a search operation on 22.07.2021 on a group in Uttar Pradesh dealing in Mining, Hospitality, News...
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STEPWAY SOLUTIONS
Jul 26, 20211 min read
CBIC reduces compliance burden by abolishing renewals of licenses/registrations
The Central Board of Indirect Taxes and Customs (CBIC) has w.e.f. 23.07.2021 abolished the requirement of periodic renewals of...
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STEPWAY SOLUTIONS
Jul 23, 20212 min read
Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4
Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4 Instances have come to notice where taxpayers are...
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STEPWAY SOLUTIONS
Jul 23, 20211 min read
CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form...
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STEPWAY SOLUTIONS
Jul 21, 20212 min read
FSSAI makes mandatory for food businesses to mention FSSAI licence No. on invoice/bills from Oct 1
Food safety regulator FSSAI has mandated food business operators to mention FSSAI licence or registration number on cash receipts or...
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STEPWAY SOLUTIONS
Jul 20, 20212 min read
GST Compensation dues paid to States
The Government has paid all the GST Compensation dues to the States the financial years 2020-21 and 2021-22. This was stated by Minister...
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STEPWAY SOLUTIONS
Jul 16, 20211 min read
Government of India’s release of RS 75,000 crore to States and UTs under the back-to-back loan
Government of India’s release of RS 75,000 crore to States and UTs under the back-to-back loan facility in-lieu of GST compensation not...
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STEPWAY SOLUTIONS
Jul 14, 20211 min read
Income Tax Department conducts surveys in Bengaluru
Income Tax Department carried out a survey operation on 08.07.2021 on two business premises in Bengaluru on one of India’s leading...
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