In a significant ruling on Friday, May 17, the Supreme Court upheld the rule established by ICAI, which limits CAs to accepting no more than 60 tax audit assignments per financial year.
The Supreme Court has directed the Centre to avoid making arrests in all Goods and Services Tax (GST) cases unless there is credible evidence and tangible material proving culpability.
GSTN has announced an important update, dated May 16, 2024. The update reveals that GST payment facilities via UPI and Debit/Credit cards are now available in Jammu & Kashmir.
Finance Minister Nirmala Sitharaman recently attended the 'Viksit Bharat 2047 - Vision for Indian Financial Markets' event, organized by the Bombay Stock Exchange (BSE) in Mumbai.
Government had issued a notification to seek information from taxpayers dealing in the goods mentioned therein vide Notification No. 04/2024 – Central Tax dated 05-01-2024.
In a startling revelation, the Avadi police uncovered a sophisticated fraud scheme orchestrated by tech-savvy criminals, leaving a trail of duped investors across the country.
The Income Tax Department has reassured taxpayers that no data loss occurred due to the fire incident at its CR Building in ITO, where one official tragically lost his life.
According to sources closely involved in the process, efforts are underway to ensure the expeditious operationalization of the GST Appellate Tribunal.
Experts emphasize the pivotal role of financial incentives in propelling the adoption of green manufacturing practices among businesses.
Five states, including Karnataka, Tamil Nadu, and Telangana, are now considering the implementation of Aadhaar-based authentication for GST registration, marking a significant shift in ensuring the integrity of the tax system
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