CAclubindia News

MCA Extends Timeline for Filing CSR Reports to 31st March 2025

03 January 2025 at 08:52

The Ministry of Corporate Affairs (MCA) has issued a notification dated December 31, 2024, extending the timeline for compliance with certain provisions under the Companies (Accounts) Rules, 2014.

Posted in Corporate Law | 2832 Views

GSTN Releases Advisory to Taxpayers on Extension of E-Way Bills Expired on 31st Dec 2024

02 January 2025 at 16:22

It is hereby informed that the technical challenges encountered in the e-way bill generation process have been resolved, and the portal is now functioning smoothly

Posted in GST | 852 Views

GST Collection Rises 7.3% YoY, Hits Rs 1.77 Lakh Crore in December 2024

02 January 2025 at 15:24

India's gross GST revenue for December 2024 reached Rs 1,76,857 crore, marking a 7.3% increase compared to December 2023's Rs 1,64,882 crore.

Posted in GST | 591 Views

CBIC Issues Clarifications on GST Treatment of Vouchers

02 January 2025 at 09:12

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 243/37/2024-GST, dated December 31, 2024, to provide clarity on several issues related to the Goods and Services Tax (GST) treatment of vouchers.

Posted in GST | 4692 Views

CBIC Issues Clarification on ITC for E-Commerce Operators u/s 9(5) of the CGST Act

02 January 2025 at 09:09

In a significant update for e-commerce operators, the Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 240/34/2024-GST, dated December 31, 2024.

Posted in GST | 5061 Views

CBIC Clarifies ITC Eligibility for Goods Delivered Under Ex-Works Contracts

02 January 2025 at 09:06

CBIC has issued Circular No. 241/35/2024-GST dated December 31, 2024, addressing input tax credit (ITC) eligibility under clause (b) of sub-section (2) of Section 16 of the Central Goods and Services Tax (CGST) Act, 2017.

Posted in GST | 4008 Views

ICAI's Role in Promoting Financial Literacy and Tax Awareness in 2024

02 January 2025 at 09:05

ICAI President Message for the month of January Jan 2025

Posted in Professional Resource | 3513 Views

ICAI Launches Self-Paced Online Modules (SPOM) SET C and SET D

02 January 2025 at 09:03

The Board of Studies (BOS) of the Institute of Chartered Accountants of India (ICAI) has announced the launch of additional Self-Paced Online Modules (SPOM) under SET C and SET D.

Posted in Students | 12021 Views

FM Nirmala Sitharaman Defends Tax Policies, Hints at Future Reforms for Middle Class

01 January 2025 at 08:00

With Budget 2025 on the horizon, Finance Minister Nirmala Sitharaman has addressed criticisms over taxation policies, offering a robust defense of her government's initiatives while acknowledging the challenges faced by the middle class.

Posted in Income Tax | 2274 Views

Income Tax Department Dismisses Claims of Using DigiYatra Data to Track Tax Evaders

01 January 2025 at 08:00

The Income Tax Department has clarified that it has no plans to use data from the DigiYatra app to monitor tax evasion, addressing speculation fueled by recent media reports.

Posted in Income Tax | 537 Views