Income Tax Department conducted a search and seizure operation in the Kashmir Valley on a prominent business group, engaged in various sectors namely, Cement, Steel, Glass, Plywood, Real Estate, Tourism, Textiles and Healthcare, etc. on 09.10.2023.   More than 40 premises were covered in Srinagar, Sopore, Budgam, Sonmarg, Pulwama areas of Kashmir Valley and at Delhi.

The GST Council has decided to amend GST rules to track tax payments by registered persons on OIDAR services received from foreign providers.

There are several key changes to the Goods and Services Tax rules that will come into effect from October 1, 2023. The summary of major changes you need to know: