CAclubindia News

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 | 423 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 | 2373 Views

CBIC Rescinds Central Excise Notification 08/2022, Ends Specified Goods Exemption

05 December 2024 at 08:43

In a crucial update, the Ministry of Finance has issued Notification No. 31/2024-Central Excise, dated December 3, 2024, rescinding Notification No. 08/2022-Central Excise.

Posted in Excise | 576 Views

CBDT Grants Approval to IIIT Hyderabad for Scientific Research Under Income Tax Act

05 December 2024 at 08:43

In a significant development, the Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued Notification No. 125/2024, approving the International Institute of Information Technology (IIIT), Hyderabad, for 'Scientific Research.'

Posted in Income Tax | 447 Views

Lok Sabha Passes Banking Laws (Amendment) Bill 2024

04 December 2024 at 10:28

On December 3, 2024, the Lok Sabha passed the Banking Laws (Amendment) Bill, 2024, with a voice vote. The bill, introduced by Union Finance Minister Nirmala Sitharaman, aims to bring significant changes to improve governance in the banking sector

Posted in Audit | 4395 Views

IRS Officer Trainees Urged by President Murmu to Enhance Tax Administration

04 December 2024 at 09:08

Addressing the officers, the President said that the Indian Revenue Service (Customs and Indirect Taxes) connects our economy through a uniform tax system and shared administrative values.

Posted in Income Tax | 594 Views

CBIC Clarifies: Media Reports on GST Rate Changes Are Premature and Speculative

04 December 2024 at 09:03

GST Council has neither received nor deliberated on any recommendations from the GoM. Until the GoM submits its report, and the Council discusses and makes decisions, any reports regarding GST rate changes remain speculative and without an official basis.

Posted in GST | 2085 Views

PM Internship Scheme Pilot Offers 1.25 Lakh Internship Opportunities for FY 2024-25

04 December 2024 at 08:57

Pilot Project launched under PMIS to provide 1.25 lakh internship opportunities in the FY 2024-25.

Posted in Others | 393 Views

MCA Decriminalizes 63 Offences, Centralizes Strike-Off Process via C-PACE

04 December 2024 at 08:54

Decriminalization of 63 offences under the Companies and LLP Acts

Posted in Corporate Law | 768 Views

Union Budget 2025: Key Reforms Expected for Direct Tax Code Implementation

04 December 2024 at 08:50

The Union Budget 2025 is expected to bring significant changes to India's income tax framework, with the long-awaited implementation of the Direct Tax Code (DTC) marking a major step toward overhauling the country's direct tax system.

Posted in Union Budget | 5190 Views