CAclubindia News
Personal Income Tax Emerges as Largest Revenue Source for Govt, Surpassing Corporate Tax and GST
18 July 2024 at 09:15In a significant shift in the Indian tax landscape, personal income tax has now become the largest revenue contributor for the Indian government, surpassing both corporate tax and the Goods and Services Tax (GST).
Son of Vegetable Vendor Shines in CA May 2024 Exams
17 July 2024 at 11:57The heartwarming story of how a Dombivli vegetable seller's son achieved his dream of becoming a Chartered Accountant.
CBIC Issued Clarifications on GST Applicability for Specific Services
17 July 2024 at 09:08The Central Board of Indirect Taxes and Customs (CBIC) has recently released Circular No. 228/22/2024-GST dated July 15, 2024, providing essential clarifications regarding the applicability of GST on specific services.
GST Filing Compliance: Gujarat Leads at 95%, HP, Tamil Nadu, UP Follow; Arunachal, Manipur Lag Behind
17 July 2024 at 09:07More than 90% of registered businesses in states like Gujarat, Rajasthan, Punjab, Uttar Pradesh, and Himachal Pradesh have consistently filed their monthly tax returns, according to official data.
Budget 2024: Tax Practitioners Urge Government to Rationalize Personal Income Tax
17 July 2024 at 09:06In a significant appeal to the government, the All India Federation of Tax Practitioners (AIFTP) has urged for a reduction in the personal income tax burden on citizens in the forthcoming Union budget
Final Stage of Preparations for Union Budget 2024-25 Commences with Customary Halwa Ceremony
17 July 2024 at 09:06The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2024-25, was held in New Delhi
GSTN Announces Release of Integrated Services from e-invoice-1 and e-invoice-2 Portals
17 July 2024 at 09:05GSTN wish to inform that NIC is releasing the integrated services from e-invoice-1 and e-invoice-2 portals on 18th July 2024 on sandbox portals
Uber and Other Ride-Hailing Apps Seek Government Clarity on GST Liability
16 July 2024 at 08:58In a significant move, several app-based ride-hailing services, including Uber, have approached the Union Finance Ministry, the Goods and Services Tax (GST) Council, and the Authority for Advance Rulings (AAR) to clarify their tax liabilities.
GST Council Reconstitutes Key Panel to Boost System Reform
16 July 2024 at 08:57In a strategic move to enhance the effectiveness of the GST regime, the GST Council has reconstituted a crucial ministerial group.
ED Attaches Assets of IPS Officer's Husband in Rs 263 Crore Income Tax Refund Fraud Case
15 July 2024 at 08:55Enforcement Directorate (ED) Mumbai has provisionally attached the Malabar Hill flat belonging to Purushottam Chavan, husband of an IPS officer, in connection with the Rs 263 crore Income Tax Refund fraud case.
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