CAclubindia News


RBI Cuts CRR to 4%, Maintains Repo Rate, Lowers FY25 GDP Growth Forecast to 6.6%

   06 December 2024 at 12:39

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others |   426 Views


ED, CBI Bust Rs 640 Crore Cyber Fraud, Arrest CAs and Crypto Trader

   06 December 2024 at 10:58

In a significant operation against financial frauds, the ED and the CBI have uncovered a massive Rs 640-crore cyber scam targeting individuals through fake job offers, phishing, and illegal betting activities.

Posted in Professional Resource |   2427 Views


RBI Directs Banks to Streamline Handling of Inoperative Accounts and Unclaimed Deposits

   06 December 2024 at 09:15

The Reserve Bank of India (RBI) has issued a circular emphasizing the need for commercial banks (excluding Regional Rural Banks) to address the growing number of inoperative accounts and unclaimed deposits.

Posted in Others |   1746 Views


Revenue Secretary Highlights AI, ML Integration to Combat Smuggling

   06 December 2024 at 09:15

Revenue Secretary urges DRI to embrace and integrate cutting-edge technologies such as Machine Learning (ML) and Artificial Intelligence (AI) in its operations to enhance detection and enforcement capabilities

Posted in Others |   288 Views


October Sees Decline in Corporation and Personal Income Tax Collections

   06 December 2024 at 09:15

October, traditionally associated with a surge in economic activity due to the festive season, witnessed a surprising decline in direct tax collections.

Posted in Income Tax |   1380 Views


CBIC Amends Circular on Adjudication of DGGI Cases Under GST

   05 December 2024 at 09:09

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 239/33/2024-GST, dated December 4, 2024, revising key provisions regarding the adjudication of show cause notices issued by officers of the DGGI.

Posted in GST |   2025 Views


CBIC Announces Central Excise (Amendment) Rules, 2024

   05 December 2024 at 09:08

In a significant update, the Ministry of Finance issued Notification No. 01/2024-Central Excise (N.T.) on December 3, 2024, amending key provisions of the Central Excise Rules, 2017.

Posted in GST |   1542 Views


GST Evasion Cases in Gujarat: Over 12800 Cases Booked, 101 Arrests in 4 Years

   05 December 2024 at 09:06

Central tax authorities have intensified efforts to combat Goods and Services Tax (GST) evasion in Gujarat, with Finance Minister Nirmala Sitharaman revealing significant enforcement actions in the Rajya Sabha on Tuesday.

Posted in GST |   483 Views


RBI Enhances Limits for UPI Lite Transactions in Offline Mode

   05 December 2024 at 09:05

In a significant move to promote small-value digital payments, the Reserve Bank of India (RBI) has revised the framework for facilitating offline payments under UPI Lite.

Posted in Others |   414 Views


GSTN Issues Advisory on Mandatory Sequential Filing of GSTR-7 Returns

   05 December 2024 at 09:04

Advisory on Mandatory Sequential Filing of GSTR-7 Returns as per Notification No. 17/2024

Posted in GST |   2370 Views



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