CAclubindia News
CBIC cautions against fraudsters issuing fake and fraudulent Summons for GST violations
25 January 2025 at 09:13It has been recently observed that some individuals with fraudulent intent are creating and sending fake summons to the taxpayers who may or may not be under investigation by the DGGI, CBIC.
GSTN Advisory: Ensure Business Continuity with e-Invoice & e-Waybill Redundancies
25 January 2025 at 08:57Advisory on Business Continuity for e-Invoice and e-Waybill Systems
ICAI Releases Exposure Draft of Guidance Note on Audit of Banks (2025 Edition)
25 January 2025 at 08:56The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has released the Exposure Draft of the Guidance Note on Audit of Banks (2025 Edition) for public comments.
Bombay High Court Upholds 2007 Income Tax Amendments Affecting Bank Officers
24 January 2025 at 09:25The Bombay High Court dismissed petitions filed by nationalized bank officers challenging the constitutional validity of the 2007 amendments to the IT Act
SWFs Seek Tax Exemption Extension for Infrastructure in Budget 2025
24 January 2025 at 09:24As the Union Budget 2025 approaches, foreign sovereign wealth funds (SWFs) and pension funds are lobbying for an extension of the tax exemption on their investments in India's infrastructure sector.
CBIC Issues Key Notification to Strengthen Central Excise and Service Tax Jurisdiction
24 January 2025 at 09:23In a significant move to streamline the administration of indirect taxes, the CBIC issued Notification No. 01/2025-Central Excise (N.T.), designating and empowering specific Central Excise Officers with enhanced jurisdiction and authority.
CBIC Waives Late Fees for Filing GSTR-9C for FY 2017-18 to FY 2022-23
24 January 2025 at 09:17The Ministry of Finance waives late fees for delayed filing of GSTR-9C reconciliation statements for FY 2017-18 to FY 2022-23, if filed by March 31, 2025. Learn more about the relief for taxpayers.
CBIC Amends GST Rules to Enhance Compliance for Composition Taxpayers via FORM GST CMP-02
24 January 2025 at 09:14CBIC introduces amendments to GST Rules, 2025, enabling composition taxpayers to furnish key information in FORM GST CMP-02. These changes aim to simplify compliance and improve transparency in the GST framework.
CBIC Introduces Temporary Identification Number in GST Rules 2025
24 January 2025 at 09:12The Central Board of Indirect Taxes and Customs (CBIC) has amended GST Rules, 2025, introducing a Temporary Identification Number (TIN) for individuals or entities not liable for GST registration but required to make payments under the Act.
CBDT Introduces Special Taxation Provisions for Non-Resident Cruise Ship Operators
23 January 2025 at 09:19As a measure to promote investment and employment, Finance (No. 2) Act, 2024 inter alia provided a presumptive taxation regime for non-residents, engaged in the business of operation of cruise ships.
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