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Did you receive a questionable GST notice? Do not panic! This article can help you spot bogus GST summonses and avoid difficulties. Let's go explore! Identifying a False GST Summons or Tax Notice A fake GST summons or tax notice is a forgery intended to resemble genuine government mail, usually from tax officials. The goal is to persuade recipients to make superfluous payments or disclose personal information. Scammers use your fear of penalties or additional charges to compel you to take immediate action without considering its legitimacy. Before replying to such letters, always check with the appropriate government authority. Overview of DGGI's Advisory The collaboration between the CBIC and the DGGI aims to uphold GST laws and prevent fraudulent activities. Their most recent advice, issued on February 10, 2024, intends to help taxpayers identify and address bogus GST communications. This guidance aims to improve consumers' and enterprises' awareness of GST legislati...

Income Tax and TDS are both terms that are commonly used phrases among Indian taxpayers, notwithstanding their distinct variances. While they may appear identical, they have distinct functions. Income tax is deducted from the payer's total profit or annual return, whereas TDS is deducted from the payer's sources of income depending on the expected tax due. Furthermore, each tax has a distinct collection mechanism. What Does Income Tax Entail? Income tax is levied on the whole yearly income earned by individuals or businesses throughout the fiscal year. The Income Tax Act of 1961 governs the methods for calculating, assessing, and collecting taxes. It applies to a variety of income sources, such as wages, property income, professional or business revenues, and capital gains. Individuals earning more than Rs. 2.5 lakhs (under the old tax regime) or ₹3 lakhs (under the new tax regime) are required to pay income tax . Failure to do so is considered tax evasion and penalised by law....