CAclubindia News
Gems and Jewellery Industry Seeks GST Reduction to 1% Ahead of Union Budget
09 January 2025 at 09:00The All India Gem and Jewellery Domestic Council (GJC) has urged the government to reduce Goods and Services Tax (GST) on the sector from the current 3% to 1% on a revenue equivalence ratio.
Gujarat SGST Department Uncovers Rs 11.33 Crore Liability in Raids on Coaching Institutes
09 January 2025 at 08:57The Gujarat State Goods and Services Tax (SGST) Department announced on Tuesday the uncovering of significant tax evasions during raids on 11 coaching institutes.
CBDT Notifies Exemption for IFSC Units from Section 206C(1H) Tax Collection Under Income-tax Act
09 January 2025 at 08:49CBDT has issued a key update via Notification No. 6/2025 dated January 6, 2025, exempting Units of IFSC from being treated as buyers under Section 206C(1H) of the Income-tax Act, 1961.
RBI Releases Draft Formats of Financial Statements of Co-operative Banks
09 January 2025 at 08:49The Reserve Bank of India (RBI) has initiated a significant update to the financial reporting formats for co-operative banks under Section 29, read with Section 56 of the Banking Regulation Act, 1949.
Advisory Issued for Biometric Aadhaar Verification for GST Registration in Rajasthan
09 January 2025 at 08:49Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Rajasthan
Gaming Industry Seeks Supreme Court's Intervention Against Massive GST Demands
08 January 2025 at 09:12The online money gaming industry in India is under immense pressure as companies face tax demands that exceed their total revenue.
GST Portal Enables Taxpayers to File Rectification Applications for ITC Demand Orders u/s 73/74
08 January 2025 at 09:07A functionality has now been made available on the Portal for taxpayers to file an application for rectification of such orders issued under section 73/74.
Mutual Fund Industry Seeks Restoration of Indexation Benefit for Debt Funds in Budget FY26
08 January 2025 at 09:00The mutual fund (MF) industry is hopeful that the government may restore the indexation benefit for computing capital gains on the sale of debt-oriented funds. ..
Trade Unions Demand Super-Rich Tax and Social Security Reforms in Pre-Budget Meeting
08 January 2025 at 09:00In a pre-budget consultation with Union Finance Minister Nirmala Sitharaman on Monday, trade union leaders advocated for critical tax reforms and enhanced social security measures, particularly for informal sector workers.
Insurance Industry Seeks Key Tax Reliefs and GST Reduction in Upcoming Budget
08 January 2025 at 09:00The insurance industry has put forth significant demands ahead of the Union Budget, focusing on easing tax burdens and improving insurance accessibility for the public.
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