Tax Compliance News - Latest Updates & Headlines
GST officials step up drive to register more traders under tax regime
New Delhi, March 23: As part of the Union Finance Ministry’s outreach to increase the country’s tax base, the field formations of the Central Goods and Services Tax (CGST) Commissionerate have launched awareness campaigns to increase registration and compliance under the GST regime.
CBDT's trust first approach yields significant result, 30,161 taxpayers declare foreign assets worth more than Rs 29,000 crore
By Shailesh Yadav, New Delhi, 6 March: The Central Board of Direct Taxes (CBDT) "nudging campaign" has yielded significant results with 30,161 taxpayers declaring foreign assets worth over Rs 29,000 crore, government sources told ANI.
Punjab adds 46,338 GST taxpayers: Finance Minister Cheema
Chandigarh, Feb 18: Punjab Finance Minister Harpal Singh Cheema on Tuesday said the Excise and Taxation Department has conducted targeted GST registration drives to broaden the tax base, resulting in the addition of 46,338 taxpayers in 2023-24 and approximately 33,000 new taxpayers up to December 2024.
Union Budget is non-inflationary, says Finance Secretary Tuhin Pandey
New Delhi, February 6: Finance Secretary Tuhin Kanta Pandey has emphasized the government's commitment to maintaining fiscal discipline while fostering economic growth, stating that the Union Budget 2024-25 is "absolutely non-inflationary".