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PIB Fact Check: Section 43B(h) of Income Tax Act Unchanged for MSME Payments

   13 February 2024 at 17:11

Recently, a viral message has been circulating on social media platforms claiming that alterations have been made to the provisions of Section 43B(h) concerning payments to Micro, Small, and Medium Enterprises (MSMEs) by the Finance Ministry

Posted in Income Tax  1 comments |   9870 Views


Industry Urges Govt for Doubling GST Registration Threshold to Rs 40 Lakh

   13 February 2024 at 09:13

During FTCCI event, industry leaders urged the Chief Minister and State Finance Minister to consider raising the GST registration threshold from Rs 20 lakh to Rs 40 lakh annually

Posted in GST |   4053 Views


Supreme Court Issues Notice to Central Govt on GST Anti-Profiteering Provisions

   13 February 2024 at 09:12

The Supreme Court has taken a significant step by issuing a notice to the union government regarding the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST).

Posted in GST |   3441 Views


UPI Goes Global - Payments Now Accepted in 7 Countries

   13 February 2024 at 09:11

In a significant move to enhance cross-border digital transactions, the Ministry of External Affairs announced the extension of Unified Payment Interface (UPI) services to Sri Lanka and Mauritius.

Posted in Others |   2997 Views


Taxpayers Can Opt for FY 2024-25 Composition Scheme on GST Portal by 31st March 2024

   13 February 2024 at 09:09

GSTN has introduced a significant update, enabling taxpayers to opt for the Composition Scheme for the Financial Year 2024-25.

Posted in GST |   6885 Views


ICAI elects New Torchbearers for the year 2024-25

   12 February 2024 at 14:56

New President and Vice-President elected for ICAI term 2024-25: CA Ranjeet Kumar Agarwal and CA Charanjot Singh Nanda.

Posted in Professional Resource |   16911 Views


Direct Tax Collections Reach Rs 18.38 Lakh Crore, Surge 17.30% YoY

   12 February 2024 at 12:19

Direct Tax collections at 80.23% of total Revised Estimates of Direct Taxes for F.Y. 2023-24 upto 10.02.2024Gross Direct Tax collections at Rs. 18.38 lakh crore with Y-o-Y growth of 17.30%, as on 10th February, 2024Direct Tax collection, Net of refun

Posted in Income Tax |   2475 Views


PIB Fact Check Exposes Fake Income Tax Notice Requiring Payment for Audited Balance Sheets

   12 February 2024 at 09:17

A recent tweet by PIB Fact Check has brought to light a deceptive notice circulating on social media platforms, purportedly issued in the name of @IncomeTaxIndia.

Posted in Income Tax |   6906 Views


Beware of Fake GST Summons, Verify Authenticity with CBIC Tools

   12 February 2024 at 09:16

Caution against fraudsters sending fake and fraudulent Summons for GST violations

Posted in GST |   8148 Views


RBI Clarifies: Paytm App Unaffected, Only Payments Bank Under Scrutiny

   12 February 2024 at 09:16

In a press conference on Thursday, the Reserve Bank of India (RBI) clarified that its recent directive concerns Paytm Payments Bank and not the Paytm app itself.

Posted in Others |   4731 Views



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