CAclubindia News

GST Authority Sets 30-Day Invoice Reporting Deadline for High-Turnover Taxpayers Starting 1st Nov 2023

12 September 2023 at 08:46

The GST Authority has imposed a time limit of 30 days for reporting invoices from the date of invoice on e-invoice portals for taxpayers with an Aggregate Annual Turnover (AATO) equal to or exceeding 100 crores.

Posted in GST | 16116 Views

CBDT Resolves 53,000 Grievances in Special Campaign 2.0 for Swachhata

12 September 2023 at 08:45

CBDT resolves more than 46,000 public grievances and 7,000 grievance appeals between December, 2022 till July, 2023 under Special Campaign 2.0 for Swachhata and disposal of pending matters

Posted in Income Tax | 2763 Views

Income Tax Department Investigates Startup Investments for Compliance

11 September 2023 at 08:45

Income Tax Department issues notices to certain startups, including those in Ashneer Grover's portfolio, requesting information about their shareholders and seeking to verify the creditworthiness of those investors.

Posted in Income Tax | 7284 Views

Pidilite Industries Faces Rs 2.64 Lakh GST Penalty Over ITC Dispute

11 September 2023 at 08:44

Pidilite Industries, a company known for adhesive, waterproofing solutions, and construction chemicals, has been fined Rs 2.64 lakh by the GST (Goods and Services Tax) department in India.

Posted in GST | 1 comments | 7380 Views

Businessman booked for Rs 12.36 Crore ITC Scam

11 September 2023 at 08:43

The businessman, Surender, has been booked by the UT excise department for allegedly cheating them out of ₹12.36 crore through fake input tax credit claims.

Posted in GST | 3762 Views

25 New Traders Embrace GST Registration at Ludhiana Camp

09 September 2023 at 08:41

25 new traders registered at a GST camp in Ludhiana, Punjab on September 7, 2023. The camp was organized by the state GST Department's Ludhiana district zone 4.

Posted in GST | 3072 Views

Karnataka Cabinet Postpones Decision on 28% GST for Real-Money Gaming Draft Ordinance

09 September 2023 at 08:37

The Karnataka cabinet, on September 7, deferred the approval of a draft ordinance to impose a 28 percent Goods and Services Tax (GST) on online money gaming, casinos, and racecourses.

Posted in GST | 6561 Views

Income Tax Department Unveils Advance Tax Calculator for FY 2023-24

09 September 2023 at 08:36

Income Tax Department has released the Advance Tax Calculator for the Financial Year 2023-24, as amended upto the Finance Act of 2023. The calculator is available on the Income Tax Department website.

Posted in Income Tax | 10218 Views

Income Tax Department Issues Intimation Notices to 22,000 Taxpayers for ITR Mismatch

08 September 2023 at 09:12

The Income Tax Department has sent intimation notices to over 22,000 taxpayers as deductions do not match the information furnished in their Form 16 or AIS or the data available with the Income Tax Department.

Posted in Income Tax | 15138 Views

CBIC Notified New Rules for Online Gaming and Casino Claims Valuation

08 September 2023 at 09:11

Central Board of Indirect Taxes and Customs (CBIC) notified Rules 31B and 31C for determining the value of supply for online gaming and actionable claims in the case of casinos on September 6, 2023.

Posted in GST | 6732 Views