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Vedanta Faces Rs 3.48 Crore Penalty Over GST ITC Issue

   23 April 2024 at 08:51

In a recent development, mining giant Vedanta has been slapped with a hefty penalty of Rs 3.48 crore by the Office of the Additional Commissioner, GST & Central Excise Commissionerate, Rourkela.

Posted in GST |   831 Views


Supreme Court to Review Rs 33,000 Crore Income Tax Claim on Jaypee Infratech

   22 April 2024 at 08:51

In a pivotal move, the Supreme Court has stepped in to assess the contentious ₹33,000 crore tax claim imposed on Jaypee Infratech Ltd (JIL), marking a crucial juncture in the ongoing legal saga that has left 22,000 homebuyers in limbo.

Posted in Income Tax |   1626 Views


RBI Imposes Rs 10 Lakh Penalty on NABFINS Limited for Non-Compliance

   22 April 2024 at 08:50

In a recent development, the Reserve Bank of India (RBI) has levied a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of NABARD, citing non-compliance with specific regulations.

Posted in Community & General |   2823 Views


Net Direct Tax Collections Surge to Rs. 19.58 Lakh Crore in FY 2023-24

   22 April 2024 at 08:49

Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40%

Posted in Income Tax |   447 Views


Zomato Faces Rs 11.81 Crore GST Demand and Penalty Order

   21 April 2024 at 12:12

Food delivery giant Zomato finds itself in the regulatory spotlight after revealing that it has been slapped with a GST demand and penalty order totaling Rs 11.81 crore.

Posted in GST |   3891 Views


GST Council Considers Exempting Reinsurance from GST

   20 April 2024 at 07:49

GST Council is gearing up to reevaluate exempting reinsurance business from GST.

Posted in GST |   2916 Views


CBDT Directs Self-Reporting Organizations to Submit High-Value Transaction Details of FY23 by 30th June

   19 April 2024 at 08:58

In a recent development, the Central Board of Direct Taxes (CBDT) has issued a directive to Self-Reporting Organizations (SROs) urging them to furnish comprehensive details of high-value transactions conducted during the fiscal year 2022-23.

Posted in Income Tax |   4992 Views


RBI Issues Key Facts Statement (KFS) for Loans & Advances

   19 April 2024 at 08:54

Key Facts Statement (KFS) for Loans & Advances

Posted in Community & General |   780 Views


Pune-Based Chartered Accountant Duped of Rs 3.4 Crore in Stock Trading Cyber Fraud

   18 April 2024 at 17:08

A Pune-based Chartered Accountant was ensnared in a sophisticated cyber scam, suffering a devastating loss of Rs 3.4 crore to online fraudsters.

Posted in Community & General |   855 Views


ICAI Releases Specimen Copies of Answer Books & Attendance Register for May 2024 CA Exams

   18 April 2024 at 08:54

The Institute of Chartered Accountants of India (ICAI) has unveiled the specimen copies of answer books and the attendance register for the upcoming May 2024 CA examinations.

Posted in Students |   6237 Views



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