CAclubindia News


December GST Council Meeting to Address Rate Cuts on Life and Health Insurance Premiums

   07 November 2024 at 06:44

With the end of the year approaching, the GST Council may soon bring significant relief to policyholders of life and health insurance.

Posted in GST |   903 Views


CBDT Considers Revamp of Income Tax Department Designations to Enhance Clarity and Transparency

   07 November 2024 at 06:44

CBDT is reportedly exploring a restructuring of designations within the Income Tax Department. This initiative aims to make roles more understandable for the public and create a transparent image of the department, aligning titles with responsibilities.

Posted in Income Tax |   1947 Views


Tax Officers Uncover 18,000 Fake GST Firms, Detect Rs 25,000 Crore Tax Evasion

   07 November 2024 at 06:44

In a major success for tax authorities, GST officers have unearthed around 18,000 fake companies involved in a large-scale tax evasion scheme, totalling approximately ₹25,000 crore.

Posted in GST |   1059 Views


CBIC Mandates Virtual Hearings for GST, Customs, Excise and Service Tax Appeals

   06 November 2024 at 07:13

CBIC Judicial Cell, through its Instruction No. F. No. 390/Misc/3/2019-JC dated November 5, 2024, has released comprehensive guidelines for the conduct of personal hearings under various tax laws

Posted in GST |   4905 Views


GSTN Advisory: New e-Invoice Reporting Limit Set for Businesses with AATO of Rs 10 Crore and above

   06 November 2024 at 07:09

Advisory: Time Limit for Reporting e-Invoice on the IRP Portal - Lowering of Threshold to AATO 10 Crores and Above

Posted in GST |   15738 Views


GSTN Issues Advisory for Form GST DRC-03A

   06 November 2024 at 07:04

It has been observed that some taxpayers have paid the demanded amount vide DRC 07/DRC 08/MOV 09/MOV 11/APL 04 through DRC-03 instead of using payment facility ‘Payment towards demand’ available on GST portal.

Posted in GST |   1164 Views


ICAI Reschedules CA Final Exam on November 13, 2024, for Select Centres Due to Elections

   06 November 2024 at 07:03

Re-Scheduling of CA Examination scheduled to be held on 13th November 2024 (Wednesday) at the Examination Centre(s) at Hazaribagh (Jharkhand), Jamshedpur (Jharkhand), Ranchi (Jharkhand), Raipur (Chhattisgarh) and Jhunjhunu (Rajasthan).

Posted in Students |   18876 Views


ICAI Welcomes Observations of the Candidates on the Question Papers of CA Final November 2024 Exams

   06 November 2024 at 06:41

Observations of the candidates on the question papers of Chartered Accountants Final Examinations and Post Qualification Courses Examination - November - 2024

Posted in Students |   243 Views


GST Exempted on Disconnection and 16 Other Power Services in UP

   06 November 2024 at 06:41

In a significant update for power consumers in Uttar Pradesh, the U.P. Power Corporation Limited (UPPCL) has announced new guidelines clarifying the GST applicability on a range of power billing system services.

Posted in GST |   507 Views


Airlines Under GST Scrutiny: Government Tightens Rules on Unpaid Tax for Cancelled Tickets

   06 November 2024 at 06:41

Airlines must now share comprehensive passenger and booking data daily with tax authorities, according to revised regulations by the Central Board of Indirect Taxes and Customs (CBIC).

Posted in GST |   822 Views