GST Portal Implements Machine Registration for Pan Masala and Tobacco Manufacturers to Curb Evasion The Goods and Services Tax (GST) portal has taken a significant step towards curbing tax evasion by implementing machine registration for manufacturers of pan masala and tobacco products. This move aims to streamline the registration process while ensuring better compliance and…
Income Tax Department Imposes ₹564.44 Crore Penalty on Bank of India The Income Tax Department has recently imposed a hefty penalty of ₹564.44 crore on Bank of India for alleged discrepancies in the reporting of income. This penalty comes as a result of an investigation into the bank’s financial records, conducted by the tax authorities….
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