CAclubindia News

ICAI Unveils Groundbreaking CA GPT Platform Featuring Annual Reports of 5000 Listed Companies

26 November 2024 at 11:19

The Institute of Chartered Accountants of India (ICAI) through its Committee on AI in ICAI launched CA GPT-Industry Forum comprising of annual reports of 5,000 listed companies for the fiscal year 2023-24.

Posted in Corporate Law | 1362 Views

Cabinet approves the PAN 2.0 Project

26 November 2024 at 09:00

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Shri Narendra Modi, has given its approval for the PAN 2.0 Project of the Income Tax Department.

Posted in Income Tax | 2 comments | 8388 Views

CBIC Empowers Additional/Joint Commissioners to Adjudicate DGGI Notices Under Key GST Sections from 1st Dec 2024

26 November 2024 at 08:58

In a significant move, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 27/2024-Central Tax, dated November 25, 2024, revising the powers of Additional and Joint Commissioners under the GST framework.

Posted in GST | 3117 Views

ICAI Reschedules CA Foundation Exam for January 2025 Due to Festivities

26 November 2024 at 08:57

It is hereby announced for general information that in view of Makar Sankranti/Bihu/Pongal festivals across India, CA Foundation Examination, January-2025 the said examination dtd 14th January 2025 stands rescheduled to 16th January 2025

Posted in Students | 4017 Views

GST Collections See Sharp Decline Across Major States in H1 FY25

25 November 2024 at 09:10

Slowing consumption trends in recent months have begun to affect GST collections in India, with several states, particularly in South India, reporting subdued growth.

Posted in GST | 7314 Views

15 Booked for Assaulting Three Men Over False Fake GST Official Accusation

25 November 2024 at 09:07

The Ludhiana police have registered a case against 15 unidentified individuals following the October 9 assault on three residents of Khanna at the Kesar Ganj market.

Posted in GST | 390 Views

Income Tax Department Reduces Time Limit for Claiming Refunds to Five Years

25 November 2024 at 09:07

The Income Tax Department has issued a circular revising the time frame for taxpayers to claim refunds for old returns.

Posted in Income Tax | 3924 Views

Govt Considering Arbitration Mechanism to Resolve Tax Disputes in Budget 2025

25 November 2024 at 09:07

The Indian government is actively exploring the introduction of an arbitration mechanism to address tax disputes, a move aimed at easing the litigation burden on both taxpayers and officials.

Posted in Union Budget | 1686 Views

ICAI Releases Revised Study Material for January/May 2025 Exams Under New Scheme

23 November 2024 at 15:46

ICAI has officially published the study material under the New Scheme of Education and Training, marking a significant milestone in its ongoing efforts to modernize and enhance the learning experience for aspiring Chartered Accountants.

Posted in Students | 98694 Views

Gujarat SGST Department Detects Rs 3.53 Crore Tax Evasion in Tobacco and Battery Sectors

23 November 2024 at 08:54

The Gujarat State Goods and Services Tax (SGST) Department has unearthed tax evasion amounting to Rs 3.53 crore from business-to-consumer (B2C) traders in the tobacco and battery sectors.

Posted in GST | 1758 Views