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Finance ministers of Kerala, Punjab and Chhattisgarh said there was no consensus regarding the compensation requirement in 2021-22 in the May 28 GST Council meeting ....
Read more about GST compensation amount should be higher than Rs 1.58 trillion in FY22 on Business Standard. The compensation amount promised by the Centre is estimated to be higher than the Rs 1.58 trillion projected by the Centre, say three opposition-ruled states ....
Finance ministers of Kerala, Punjab and Chhattisgarh said there was no consensus regarding the compensation requirement in 2021-22 in the May 28 GST Council meeting and a special session would be called only to discuss Revenue Augmentation and Post June 2022 compensation . ....
Taxman s Data War As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers Illustration by Nilanjan Das Last year, a businessman from Rajkot, Gujarat, declared an income of less than Rs 5 lakh in his tax return. However, information collated by the Income Tax (I-T) Department showed he had deposited Rs 10 crore - and withdrawn Rs 7.5 crore - in cash during the year. The department sent him six notices, a dozen SMS alerts and tried every means to contact him. He remained elusive, forcing it to raid the business premises mentioned in the I-T return. It was a wrong address. I-T officials took the home address from his bank, but he was missing from there. It is now in the process of attaching his bank account and other assets. ....
Taxman's Data War- Business News origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.