CAclubindia News

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 | 279 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 | 591 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 | 924 Views

CBDT Sets New Limits for Interest Waiver under IT Act Section 220(2)

06 November 2024 at 06:41

The Central Board of Direct Taxes (CBDT) issued Circular No. 15/2024 on November 4, 2024, defining monetary thresholds for income tax authorities regarding the waiver or reduction of interest under Section 220(2) of the Income-tax Act, 1961.

Posted in Income Tax | 3795 Views

Income Tax Department Receives 6500 Stakeholder Suggestions for Overhaul of IT Act, 1961

05 November 2024 at 07:04

The Income Tax Department has received a significant response from stakeholders, amassing 6,500 suggestions over the past month for the comprehensive review of the Income Tax Act, 1961.

Posted in Income Tax | 2814 Views

GST Portal Activates Form DRC-03A for Voluntary Payment Adjustments

05 November 2024 at 07:03

The Goods and Services Tax (GST) portal has now activated Form DRC-03A, enabling taxpayers to adjust or set off voluntary payments against an order of demand.

Posted in GST | 14673 Views

Gujarat Among Top 5 in Income Tax Contributions, Collects Rs 3.46 Lakh Crore

05 November 2024 at 07:01

Gujarat has solidified its position as one of India’s top contributors to income tax, with a remarkable cumulative collection of ₹3.46 lakh crore over the past five years, according to a recent report by the State Bank of India.

Posted in Income Tax | 1065 Views

CBI Arrests 5 Senior CGST Officers Over Rs 50 Lakh Bribery Case Following Allegations of Misconduct

05 November 2024 at 07:00

In a significant crackdown, the Central Bureau of Investigation (CBI) has arrested five senior officials from the Central Goods and Services Tax (CGST) department in connection with an alleged ₹50 lakh bribery case, registered on September 5

Posted in GST | 1335 Views

GST IMS Dashboard: New Guidelines for 'Deemed Acceptance' and Record Handling

04 November 2024 at 08:46

The GST framework has introduced new guidelines regarding the handling of records on the Invoice Matching System (IMS) dashboard, aiming to improve clarity and streamline the GSTR-2B reconciliation process.

Posted in GST | 3858 Views

CBIC Issues New Guidelines to Balance Tax Evasion Investigations with Ease of Doing Business in Import and Export

04 November 2024 at 08:44

The Central Board of Indirect Taxes and Customs (CBIC) has released Instruction No. 27/2024-Customs, dated November 1, 2024, to guide Customs field formations on handling tax evasion investigations while promoting ease of doing business.

Posted in Custom | 2079 Views