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WB, FBR agree to identify new taxpayers

ISLAMABAD: The Federal Board of Revenue has accepted demands of the World Bank for the identification of millions of new taxpayers through automated data sharing and ICT-based business.

United statesWorld bankDistrict of columbiaWorld bank groupFederal boardPakistan raises revenue projectIndependent verification agentsAudit wingCompliance unitLarge taxpayers

M&M gets Rs 4 12 cr tax penalty - News Today | First with the news

M&M gets Rs 4 12 cr tax penalty - News Today | First with the news
newstodaynet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newstodaynet.com Daily Mail and Mail on Sunday newspapers.

Madhya pradeshMahindra two wheelers ltdDeputy commissionerEstate taxAudit wingInput tax creditEducation cessAssistant commissionerAhmedabad south

Mahindra & Mahindra gets Rs 4 12 crore tax penalty; company to challenge

In a regulatory filing, Mahindra & Mahindra said it has received an order from the office of the Deputy Commissioner, State Tax, Audit Wing, Indore-01, Madhya Pradesh imposing a penalty amounting to Rs 4,11,50,120 to the two-wheeler business of Mahindra Two Wheelers Ltd (MTWL), which was demerged from MTWL and has since been merged with the company.

Madhya pradeshMahindra two wheelers ltdDeputy commissionerEstate taxAudit wingInput tax creditEducation cessAssistant commissionerAhmedabad south

Mahindra and Mahindra gets Rs 4 12 Cr tax penalty; company to challenge

Mahindra and Mahindra gets Rs 4 12 Cr tax penalty; company to challenge
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

Madhya pradeshMahindra two wheelers ltdDeputy commissionerEstate taxAudit wingInput tax creditEducation cessAssistant commissionerAhmedabad south

M&M Tax penalty: M&M gets Rs 4 12 crore tax penalty; company to challenge

Mahindra & Mahindra has been fined Rs 4.12 crore for issues related to input tax credit claim and education cess credit balance carry forward from the pre-GST regime to the GST regime for its two-wheeler business. The penalty includes non-reporting of invoices by vendors in GST returns and the disallowance of carrying forward Education Cess credit balance.

Madhya pradeshMahindra two wheelers ltdDeputy commissionerEstate taxAudit wingInput tax creditEducation cessAssistant commissionerAhmedabad southM ampm tax penaltyMahindra ampGst regime