CAclubindia News

Kerala GST Department Introduces Common Adjudicating Authority for Multiple Show Cause Notices

13 January 2025 at 08:46

The Kerala GST department has announced a major relief for taxpayers dealing with multiple GST show cause notices (SCNs) issued across different districts.

Posted in GST | 384 Views

Income Tax Inspector Under CBI Lens for Alleged Bribery in DIT Relief Processing

13 January 2025 at 08:46

The Central Bureau of Investigation (CBI) has launched an investigation into allegations of corruption involving an income tax inspector from the International Taxation Circle, Mumbai, and an employee of a private shipping company.

Posted in Income Tax | 1956 Views

Simplified Income-Tax Act Set to Launch in Budget 2025

13 January 2025 at 08:46

The much-anticipated overhaul of the Income-Tax Act, 1961, is likely to be presented during the Budget session of Parliament on February 1, 2025.

Posted in Income Tax | 2376 Views

Garment Trade Associations Unite to Urge GoM Against GST Rate Revision

13 January 2025 at 08:46

In a landmark meeting, the CMAI, along with 14 prominent garment trade associations across India, joined forces under the banner of "One Industry, One Voice" to address pressing challenges facing the garment sector.

Posted in GST | 387 Views

Budget 2025: EV Industry Seeks GST Simplification and Incentives

13 January 2025 at 08:46

As Union Budget 2025 approaches, the electric vehicle (EV) industry has high hopes for policy changes to accelerate India's EV adoption and manufacturing capabilities.

Posted in Union Budget & Policy | 1671 Views

NRAI Urges Govt Support to Boost India's Restaurant Industry in Union Budget 2025-26

11 January 2025 at 09:01

The National Restaurant Association of India (NRAI) has appealed to FM Nirmala Sitharaman to include targeted reforms and incentives for the restaurant sector in the Union Budget 2025-26.

Posted in Union Budget & Policy | 573 Views

Union Budget 2025-26: CII Recommends 25% Hike in Public Capex and Tax Relief for Middle Class

11 January 2025 at 08:59

The Confederation of Indian Industry (CII) has urged the Union government to increase capital expenditure by 25% in FY26 while adhering to the fiscal glide path.

Posted in Union Budget & Policy | 558 Views

GSTR-5, GSTR-6, GSTR-7 & GSTR-8 Filing Deadlines for Dec 2024 Extended

11 January 2025 at 08:58

In a series of notifications issued on January 10, 2025, the Central Board of Indirect Taxes and Customs (CBIC) announced extensions for various Goods and Services Tax (GST) compliance deadlines for the month of December 2024.

Posted in GST | 6921 Views

GSTR-1 & GSTR-3B Filing Deadlines for Dec 2024 Extended

10 January 2025 at 19:31

In a move aimed at easing compliance for taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has issued two new notifications on January 10, 2025, extending the deadlines for filing key GST returns for the tax period ending Dec 2024

Posted in GST | 35715 Views

Budget 2025: Experts Push for GST Reduction and Higher Tax Deductions on Insurance

11 January 2025 at 08:57

The Indian insurance sector stands at a transformative juncture as the Union Budget 2025 approaches. Experts believe targeted reforms could significantly enhance insurance penetration, driving India closer to the vision of "Insurance for All" by 2047

Posted in Union Budget & Policy | 1548 Views