CAclubindia News

MCA Notifies National Financial Reporting Authority Appointment of Part-Time Members (Amendment) Rules, 2024

16 August 2024 at 08:55

On August 13, 2024, the Ministry of Corporate Affairs (MCA) issued Notification No. G.S.R. 496(E), announcing amendments to the National Financial Reporting Authority (NFRA) Appointment of Part-Time Members Rules.

Posted in Corporate Law | 597 Views

FM Sitharaman Highlights Need for Tax Revenue to Support Green Energy Innovations

15 August 2024 at 07:36

In a keynote address at the 11th convocation of the Indian Institute of Science Education and Research (IISER) Bhopal on August 13, Finance Minister Nirmala Sitharaman highlighted the critical role of tax revenue and innovation in India's transition

Posted in Income Tax | 2127 Views

Service Tax Officer Sentenced to 5 Years in Jail for Corruption in Ahmedabad

15 August 2024 at 07:32

CBI court in Ahmedabad has sentenced Hashmukh Chhaganbhai Rathod, a former superintendent in the service tax department, to five years of rigorous imprisonment on charges of corruption.

Posted in Service Tax | 2226 Views

54th GST Council Meeting Scheduled for 9th September

15 August 2024 at 07:31

The upcoming 54th GST Council meeting, scheduled for September 9, 2024, in New Delhi, is expected to address several key issues

Posted in GST | 2622 Views

MCA Notifies Companies (Indian Accounting Standards) Amendment Rules, 2024

14 August 2024 at 17:24

On August 12, 2024, the Ministry of Corporate Affairs (MCA) issued Notification No. G.S.R. 492 (E), which introduces the Companies (Indian Accounting Standards) Amendment Rules, 2024.

Posted in Corporate Law | 5550 Views

Supreme Court Rules States Can Recover Mineral Rights Tax Dues Only Until 1st April 2005

14 August 2024 at 17:24

The Supreme Court on Wednesday (August 14) rejected the argument that its July 25 judgment, which upheld the authority of States to levy taxes on mineral rights and mineral-bearing lands, should apply only prospectively.

Posted in Income Tax | 1302 Views

GST Officer and Lawyers Nabbed in Rs 718 Crore Scam with 500 Fake Firms

14 August 2024 at 09:17

IntroductionIn a stunning revelation, a complex GST fraud involving ₹54 crore has been uncovered by the Anti-Corruption Bureau (ACB) of the Delhi Government.

Posted in GST | 1 comments | 4533 Views

Bajaj Finance Faces Rs 342 Crore GST Show Cause Notice

14 August 2024 at 09:15

Bajaj Finance announced on Monday that it has been issued a show cause notice regarding a GST demand of Rs 342 crore.

Posted in GST | 1119 Views

GST Panel Likely to Consider Insurance Relief Plea

14 August 2024 at 09:12

The GST Council could lower the rates of health and life insurance premiums at its meeting later this month if it accepts a recommendation made by a rate rationalisation committee, officials said on Thursday.

Posted in GST | 1854 Views

CBIC Launches Guidelines for Second All-India Drive to Combat Fake GST Registrations

13 August 2024 at 09:17

The Central Board of Indirect Taxes and Customs (CBIC) has announced the launch of its second special All-India Drive to tackle fake GST registrations.

Posted in GST | 4917 Views