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MCA Enforces Key Provision of Competition (Amendment) Act, 2023 from 19th Sept 2024

   21 September 2024 at 06:54

The Ministry of Corporate Affairs (MCA) has issued Notification No. S.O. 4031(E). dated September 19, 2024, announcing that clause (f) of section 19 of the Competition (Amendment) Act, 2023 has come into effect on the same date.

Posted in Corporate Law |   699 Views


DFS drives expansion of digital payments in India and abroad

   21 September 2024 at 06:52

Digital payment transactions volume grew to 18,737 crore in FY 2023-24 from 2,071 crore in FY 2017-18 at Compounded Annual Growth Rate (CAGR) of 44%; with value of transactions at ₹3,659 lakh crore in FY23-24 from ₹1,962 lakh crore in FY17-18 at CAGR

Posted in Others |   411 Views


Gujarat's GST Departments Launch Drive Against Bogus Registrations Amid Tax Evasion Concerns

   21 September 2024 at 06:49

In a decisive move to combat the rising tide of tax evasion through bogus billing scams, the state and central Goods and Services Tax (GST) departments in Gujarat have initiated a comprehensive drive to identify and cancel fraudulent GST registrations.

Posted in GST |   1644 Views


IGST Panel Finalizes Action Plan to Resolve 'Negative Balance' Issue

   21 September 2024 at 06:47

The Indian government has initiated a comprehensive review of IGST settlement mechanism following complaints from several state governments about revenue shortfalls.

Posted in GST |   1932 Views


Food Processing Ministry to Address Industry's GST Concerns with GST Council: Chirag Paswan

   21 September 2024 at 06:35

In a strategic move to enhance the food processing sector, the Centre organized a high-level CEO roundtable on September 19, 2024, as part of the World Food India 2024 event.

Posted in GST |   1455 Views


CA Ends Life on Facebook Live, Accuses Fiancee and Family of Rs 12.5 Lakh Fraud and Assault

   20 September 2024 at 13:27

In a heartbreaking incident, Sandeep Paswan, a 33-year-old Chartered Accountant from Jharkhand, allegedly took his own life at his rented home in Govandi, just minutes after broadcasting a distressing live video on Facebook.

Posted in Professional Resource |   5814 Views


ICAI releases Schedule of CA Foundation & Intermediate January 2025 Exams

   20 September 2024 at 12:21

Schedule of CA Foundation & Intermediate January 2025 Exams Released!

Posted in Students |   5721 Views


Direct Tax Vivad Se Vishwas Scheme 2024 Set to Launch on 1st October 2024

   20 September 2024 at 09:22

The Finance Ministry has announced the launch of the second edition of the Direct Tax Vivad Se Vishwas Scheme 2024 (VSV 2.0), effective October 1, 2024.

Posted in Income Tax  1 comments |   6306 Views


Sun Pharma Faces Rs 35.43 Lakh GST Penalty for Unpaid Taxes on Recoveries from July 2017 to March 2020

   20 September 2024 at 09:19

Sun Pharmaceutical Industries Limited has been penalized by the Assistant Commissioner, Goods & Service Tax, Division, Mohali-I, Punjab, according to a recent stock exchange filing.

Posted in GST |   606 Views


Zydus Wellness Subsidiary Hit with Rs 10.51 Million Tax Demand in Bihar, Stock Prices Decline

   20 September 2024 at 09:18

Zydus Wellness Limited announced that its wholly-owned subsidiary, Zydus Wellness Products Limited (ZWPL), has received a tax demand of ₹10.51 million from Bihar state tax authorities.

Posted in Income Tax |   501 Views



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