CAclubindia News


GST Notices to Property Developers Spark Confusion Over Rs 3,500 Crore ITC Claims

   23 December 2024 at 09:15

Developers receive notices for ITC claimsSeveral real estate developers have received show-cause notices from the Goods and Services Tax (GST) authorities regarding input tax credit (ITC) claims worth an estimated ₹3,500 crore.

Posted in GST |   2466 Views


Lavish Indian Weddings Under Income Tax Scanner for Unaccounted Cash Use

   23 December 2024 at 09:15

Extravagant Weddings Under ScrutinyLavish Indian weddings, often featuring Bollywood celebrities and elaborate arrangements costing crores, are now a target for the Income Tax department.

Posted in GST |   735 Views


55th GST Council Meeting: Key Highlights

   22 December 2024 at 12:32

Recommendations of the 55th Meeting of the GST Council

Posted in GST |   13941 Views


55th GST Council Meet to Review Rate Rationalisation and Taxability of Delivery Apps

   21 December 2024 at 07:07

The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is set to address several critical issues in its meeting scheduled for December 21, 2024, in Jaisalmer.

Posted in GST |   1107 Views


Maharashtra Govt Launches GST Amnesty Scheme, Waives Rs 27,000 Crore in Interest and Penalties

   21 December 2024 at 07:07

The Maharashtra government has announced a GST Amnesty Scheme to waive interest and penalties on pending liabilities for the fiscal years 2017 to 2020.

Posted in GST  1 comments |   3051 Views


Income Tax Department Withdraws Erroneous Notices for Correctly Filed ITRs

   21 December 2024 at 07:07

In a recent announcement, the Income Tax Department has acknowledged and withdrawn defective return notices mistakenly issued to taxpayers who had accurately filed their Income Tax Returns (ITRs) for the Assessment Year 2024-25.

Posted in Income Tax |   4233 Views


CA Final Nov 2024 Results likely to be declared on 26th Dec

   20 December 2024 at 20:20

The Institute of Chartered Accountants of India (ICAI) has announced that the results for the CA Final Examinations conducted in November 2024 are expected to be released on Thursday, 26th December 2024, late evening.

Posted in Students |   2487 Views


CBIC Uncovers Rs 26,543 Crore GST Evasion in Nationwide Drive Against Fake ITC

   20 December 2024 at 09:07

In a sweeping crackdown on GST evasion, the Central Board of Indirect Taxes and Customs (CBIC) has unearthed fraud amounting to Rs 26,543 crore during its second nationwide operation against fake input tax credit (ITC).

Posted in GST |   2232 Views


Indian Gaming Industry Faces February 2025 Deadline for GST Tax Demands on Betting

   20 December 2024 at 09:06

The Indian online gaming industry faces a pivotal moment as tax authorities prepare to finalize Goods and Services Tax (GST) demands by February 5, 2025, based on pending show-cause notices (SCNs).

Posted in GST |   807 Views


CBDT Exempts Credit Guarantee Fund Trust for Micro and Small Enterprises from TDS

   20 December 2024 at 09:03

In a significant move to bolster micro and small enterprises (MSEs), the Central Board of Direct Taxes (CBDT) has issued Notification No. 128/2024, dated December 18, 2024.

Posted in Income Tax |   1656 Views



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