CAclubindia News


CBIC Issues Clarification on ITC for E-Commerce Operators u/s 9(5) of the CGST Act

   02 January 2025 at 09:09

In a significant update for e-commerce operators, the Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 240/34/2024-GST, dated December 31, 2024.

Posted in GST |   4323 Views


CBIC Clarifies ITC Eligibility for Goods Delivered Under Ex-Works Contracts

   02 January 2025 at 09:06

CBIC has issued Circular No. 241/35/2024-GST dated December 31, 2024, addressing input tax credit (ITC) eligibility under clause (b) of sub-section (2) of Section 16 of the Central Goods and Services Tax (CGST) Act, 2017.

Posted in GST |   3933 Views


ICAI's Role in Promoting Financial Literacy and Tax Awareness in 2024

   02 January 2025 at 09:05

ICAI President Message for the month of January Jan 2025

Posted in Professional Resource |   3441 Views


ICAI Launches Self-Paced Online Modules (SPOM) SET C and SET D

   02 January 2025 at 09:03

The Board of Studies (BOS) of the Institute of Chartered Accountants of India (ICAI) has announced the launch of additional Self-Paced Online Modules (SPOM) under SET C and SET D.

Posted in Students |   11811 Views


FM Nirmala Sitharaman Defends Tax Policies, Hints at Future Reforms for Middle Class

   01 January 2025 at 08:00

With Budget 2025 on the horizon, Finance Minister Nirmala Sitharaman has addressed criticisms over taxation policies, offering a robust defense of her government's initiatives while acknowledging the challenges faced by the middle class.

Posted in Income Tax |   2217 Views


Income Tax Department Dismisses Claims of Using DigiYatra Data to Track Tax Evaders

   01 January 2025 at 08:00

The Income Tax Department has clarified that it has no plans to use data from the DigiYatra app to monitor tax evasion, addressing speculation fueled by recent media reports.

Posted in Income Tax |   402 Views


Pre-Budget 2024-25 Discussions Focus on Tax Relief for Middle Class, Fuel Duty Cuts and Public Capex Push

   01 January 2025 at 08:00

Tax exemptions for the middle class, reduction in excise duties on petrol and diesel, and an increased focus on public capital expenditure (capex) emerged as key suggestions during Pre-Budget discussions held on Monday.

Posted in Income Tax |   468 Views


Kerala to Mandate E-Way Bill for Gold Transportation Above Rs 10 Lakh from 1st January

   01 January 2025 at 08:00

Starting January 1, 2025, transporting gold worth more than ₹10 lakh in Kerala will require an e-way bill, as announced by State GST Commissioner Ajith Patil.

Posted in GST |   726 Views


Biometric Aadhaar Authentication Made Mandatory for GST Registration in Arunachal Pradesh

   01 January 2025 at 08:00

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Arunachal Pradesh

Posted in GST |   525 Views


CBDT Extends Deadline for Furnishing Belated / Revised ITR for AY 2024-25 to 15th January 2025

   31 December 2024 at 12:35

CBDT has announced an extension for furnishing belated or revised income tax returns for the AY 2024-25. Originally set for Dec 31, 2024, the due date for submitting these returns has now been extended to January 15, 2025.

Posted in Income Tax |   8475 Views



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