CAclubindia News

Major GST Bogus Billing Racket Worth Rs 1K Crore Busted by CID Crime

18 June 2024 at 08:57

In a significant crackdown on financial fraud, CID Crime on Thursday uncovered a major GST bogus billing racket valued at Rs 1,000 crore.

Posted in GST | 6258 Views

Tamil Nadu Recovers Rs 1524 Crore Under IGST with Tax Research Unit's Efforts

17 June 2024 at 08:57

The Commercial Taxes Department of Tamil Nadu has successfully recovered ₹1,523.95 crore under the Integrated Goods and Services Tax (IGST), thanks to the diligent work of its newly established Tax Research Unit.

Posted in GST | 3201 Views

CBIC mounts campaign against frauds committed in the name of Indian Customs

17 June 2024 at 08:56

CBIC urges public to discern the modus operandi of fraudsters, protect their information, verify antecedents of caller and report such acts by staying alert

Posted in GST | 1815 Views

Finance Ministry Seeks Industry Input for Budget 2024-25 Tax Changes

15 June 2024 at 07:28

The Ministry of Finance, Department of Revenue, Tax Research Unit has taken a proactive step towards inclusive policy-making by inviting suggestions from Industry and Trade Associations for the upcoming Budget 2024-25.

Posted in Union Budget & Policy | 2781 Views

Contractor Duped of Rs. 1.3 Crores by Fake Chartered Accountant

15 June 2024 at 07:25

A 35-year-old contractor and Colaba resident, Jaykumar Shah Dhani, was allegedly defrauded by a supposed Chartered Accountant to the tune of Rs. 1.3 crores.

Posted in GST | 2106 Views

Mandatory Biometric Verification at GST Centers Cuts Bogus Registrations by 25%

14 June 2024 at 09:04

In a significant move to enhance transparency in the GST registration process and combat fraudulent registrations, Gujarat inaugurated 12 GST Service Centers in November 2023.

Posted in GST | 1134 Views

FM Nirmala Sitharaman to Chair 53rd GST Council Meeting in New Delhi

14 June 2024 at 09:03

A day after taking charge as Union Finance Minister, Nirmala Sitharaman is poised to preside over the highly anticipated 53rd GST Council meeting.

Posted in GST | 5172 Views

Income Tax Department Aims to Complete 170,000 Reassessments by March 2025

13 June 2024 at 09:06

The Income Tax department is set to finalize the reassessment of 170,000 notices by March 2025, focusing on undisclosed income from past assessment years.

Posted in Income Tax | 3099 Views

Shri Pankaj Chaudhary takes charge as Minister of State for Finance in Ministry of Finance

13 June 2024 at 09:05

Shri Pankaj Chaudhary took charge as the Minister of State for Finance in his second consecutive term in the Ministry of Finance, in New Delhi on June 11, 2024

Posted in Community & General | 366 Views