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54th GST Council Meeting Scheduled for 9th September

   15 August 2024 at 07:31

The upcoming 54th GST Council meeting, scheduled for September 9, 2024, in New Delhi, is expected to address several key issues

Posted in GST |   2670 Views


MCA Notifies Companies (Indian Accounting Standards) Amendment Rules, 2024

   14 August 2024 at 17:24

On August 12, 2024, the Ministry of Corporate Affairs (MCA) issued Notification No. G.S.R. 492 (E), which introduces the Companies (Indian Accounting Standards) Amendment Rules, 2024.

Posted in Corporate Law |   5682 Views


Supreme Court Rules States Can Recover Mineral Rights Tax Dues Only Until 1st April 2005

   14 August 2024 at 17:24

The Supreme Court on Wednesday (August 14) rejected the argument that its July 25 judgment, which upheld the authority of States to levy taxes on mineral rights and mineral-bearing lands, should apply only prospectively.

Posted in Income Tax |   1347 Views


GST Officer and Lawyers Nabbed in Rs 718 Crore Scam with 500 Fake Firms

   14 August 2024 at 09:17

IntroductionIn a stunning revelation, a complex GST fraud involving ₹54 crore has been uncovered by the Anti-Corruption Bureau (ACB) of the Delhi Government.

Posted in GST  1 comments |   4617 Views


Bajaj Finance Faces Rs 342 Crore GST Show Cause Notice

   14 August 2024 at 09:15

Bajaj Finance announced on Monday that it has been issued a show cause notice regarding a GST demand of Rs 342 crore.

Posted in GST |   1170 Views


GST Panel Likely to Consider Insurance Relief Plea

   14 August 2024 at 09:12

The GST Council could lower the rates of health and life insurance premiums at its meeting later this month if it accepts a recommendation made by a rate rationalisation committee, officials said on Thursday.

Posted in GST |   1905 Views


CBIC Launches Guidelines for Second All-India Drive to Combat Fake GST Registrations

   13 August 2024 at 09:17

The Central Board of Indirect Taxes and Customs (CBIC) has announced the launch of its second special All-India Drive to tackle fake GST registrations.

Posted in GST |   4959 Views


Form GSTR-1A Now Available on GST Portal

   13 August 2024 at 09:07

GSTN has rolled out the GSTR-1A form, a significant update that allows taxpayers to make necessary changes, corrections, and amendments to the data filled in their GSTR-1 for the same month.

Posted in GST  1 comments |   1371 Views


ICAI Extends Deadline for Online Empanelment of Observers for Sept/Nov 2024 CA Exams to 20th August

   13 August 2024 at 09:06

"ICAI has extended the deadline for online empanelment of observers for the September/November 2024 CA exams to August 20th.

Posted in Students |   7008 Views


Adopt Guidance Over Intimidation: CBDT Chief's Directive to Tax Officials

   12 August 2024 at 14:25

The income tax department should do everything possible to be seen as "responsible, responsive and transparent," besides adopting a policy of 'guidance over intimidation' when dealing with taxpayers, the CBDT chairman has said.

Posted in Income Tax |   2472 Views



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