CAclubindia News

Madhya Pradesh Cabinet Ends 1972 Rule: Ministers to Pay Their Own Income Taxes

26 June 2024 at 09:01

In a landmark move, the Madhya Pradesh Cabinet decided on Tuesday that state ministers will now pay their own income taxes on salaries and allowances

Posted in Income Tax | 2682 Views

GST Council to Reconstitute 3 GoMs as 11 New State Ministers Join

26 June 2024 at 08:54

On Saturday, the 53rd GST Council meeting marked a significant shift as 11 new ministers from states including Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Madhya Pradesh, Mizoram, Odisha, Rajasthan, Sikkim, Telangana, and Tripura joined the council.

Posted in GST | 3222 Views

Maruti Suzuki Faces Rs 5.4 Crore GST Demand Notice

25 June 2024 at 09:00

Maruti Suzuki India Limited (MSIL), the nation's largest car manufacturer, has been issued a Goods and Services Tax (GST) demand notice amounting to Rs 5.4 crore

Posted in GST | 939 Views

Businesswoman Arrested in Rs 10,000 Crore GST Fraud Case by Noida Police

25 June 2024 at 09:00

The Noida Police have successfully apprehended a 40-year-old businesswoman from Coimbatore, Tamil Nadu, for her alleged involvement in a massive ₹10,000 crore Goods and Services Tax (GST) fraud. T

Posted in GST | 2682 Views

53rd GST Council Meeting: List of New Rate Changes for Goods and Services

25 June 2024 at 09:00

FM chaired a crucial pre-Budget consultation with finance ministers of states and Union Territories. This significant meeting was followed by the 53rd meeting of the GST where several pivotal decisions were made to streamline taxation.

Posted in GST | 6348 Views

Gaming Industry Faces Continued Uncertainty Following 53rd GST Council Meeting

24 June 2024 at 08:58

The gaming industry is reeling from the recent GST Council meeting, which failed to address its plea for a revised tax structure.

Posted in GST | 2787 Views

53rd GST Council Meeting: Key Highlights

22 June 2024 at 20:28

The 53rd GST Council meeting, held today, introduced several significant changes aimed at easing the tax burden on taxpayers and reducing litigation.

Posted in GST | 13545 Views

Budget 2024-25: FM Nirmala Sitharaman Chairs Pre-Budget Consultation with State Finance Ministers

22 June 2024 at 16:16

Union Finance Minister Smt. Nirmala Sitharaman chairs Pre-Budget consultation with Finance Ministers of States/ Union Territories (with Legislature) for taking suggestions for Union Budget 2024-25

Posted in Union Budget & Policy | 3006 Views

New Tax Regime Default for AY 2024-25: How to Opt for Old Regime

22 June 2024 at 08:52

For AY 2024-25, NEW TAX REGIME is the default regime for Individual, HUF, AOP (other than co-operative society), BOI and Artificial Juridical Person.

Posted in Income Tax | 4608 Views

Offline and Online Utility of ITR-7 for AY 2024-25 Now Available for Filing

22 June 2024 at 08:49

The Income Tax Department has released the offline and online utilities for filing Income Tax Return (ITR) Form 7 for the Assessment Year (AY) 2024-25.

Posted in Income Tax | 750 Views