CAclubindia News

Finance Minister Examines GST Requests from Hotels for Food Items

14 September 2024 at 09:25

Finance Minister Nirmala Sitharaman announced in Coimbatore on Thursday that a Group of Ministers (GoM) is actively reviewing the demands of the hotel industry regarding GST on various food items.

Posted in GST | 3393 Views

TCS Employees Receive Income Tax Demand Notices Over TDS Claims

14 September 2024 at 09:20

Employees of Tata Consultancy Services (TCS) have recently been issued tax demand notices by the Income Tax Department over discrepancies in their Tax Deducted at Source (TDS) claims.

Posted in Income Tax | 5553 Views

Punjab Govt Joins Pilot Project for B2C E-Invoicing to Boost Tax Compliance

14 September 2024 at 09:19

In a significant move to bolster tax compliance, the Punjab government has volunteered to participate in a pilot project for business-to-consumer (B2C) e-invoicing.

Posted in GST | 5010 Views

GST Council Imposes 18% GST on Private School Affiliation Fees

14 September 2024 at 09:17

The 54th GST Council meeting brought an unexpected blow to private schools affiliated with boards such as the Punjab School Education Board (PSEB) and the Central Board of Secondary Education (CBSE).

Posted in GST | 3 comments | 30339 Views

Experts Highlight Excessive IGST Allocation to States, Urge for Corrective Measures

13 September 2024 at 09:20

The Central Government has established an internal committee to investigate the "negative balance" in IGST collections, a move that tax experts attribute to excessive IGST transfers to some states due to settlement discrepancies

Posted in GST | 2142 Views

4 GST Officials Arrested for Fake Raid, Extortion of Rs 1.5 Crore from Bengaluru Businessman

13 September 2024 at 09:19

In a shocking development, four officials of the Goods and Services Tax (GST) department were arrested on Wednesday by the Central Crime Branch (CCB) in Bengaluru.

Posted in GST | 4353 Views

Finance Ministry Grants GST Relief to Advertising Agencies and Automobile Dealers

13 September 2024 at 09:18

On Wednesday, the Union Finance Ministry issued several circulars, providing much-needed relief to various sectors, including the automotive industry, data hosting services, advertising agencies catering to foreign clients, and exporters.

Posted in GST | 3984 Views

E-Invoicing System to Enable GST Refunds for Foreign Tourists

12 September 2024 at 09:16

In a significant move aimed at boosting tourism and aligning with global practices, the GST Council on Monday announced steps towards refunding GST to foreign tourists purchasing goods in India

Posted in GST | 1230 Views

Top IT Firms TCS, Infosys, Tech Mahindra Hit with Wave of GST Notices Across Multiple States

12 September 2024 at 09:13

Over the past six to seven weeks, leading Indian IT firms, including Tata Consultancy Services (TCS), Infosys, Tech Mahindra, and LTIMindtree, have been hit with a wave of penalty and tax orders from GST departments nationwide.

Posted in GST | 3819 Views

Ram Temple Construction in Ayodhya to Generate Rs 400 Crore in GST Revenue: Champat Rai

12 September 2024 at 09:08

Speaking at an event in Indore, Madhya Pradesh, on Monday, Champat Rai, the General Secretary of Shri Ram Janmabhoomi Teerth Kshetra Trust, said that the ongoing construction of the temple in Ayodhya will make a contribution of about Rs 400 crore for

Posted in GST | 1 comments | 2058 Views