CAclubindia News

CGST Recovers Rs 1.25 Crore GST from 10 Garment Traders in Indore

12 February 2024 at 09:15

In a significant move against tax evasion, the Central Goods and Service Tax Department (CGST) has successfully recovered ₹1.25 crore from 10 readymade garments traders in the city of Indore.

Posted in GST | 2874 Views

Centre Owes Gujarat Rs 1,600 Crore in GST Returns

12 February 2024 at 09:15

In a recent development in the Gujarat State Assembly, Finance Minister Kanu Desai disclosed that the state has been pursuing over ₹1,500 crore in Goods and Services Tax (GST) returns from the central government.

Posted in GST | 2280 Views

ICAI's Annual Function Sparkles with Hon'ble Speaker Shri Om Birla's Inauguration, Draws 1500 Members

10 February 2024 at 16:42

ICAI's Annual Function inaugurated by Chief Guest Shri Om Birla, Hon'ble Speaker, Lok Sabha Attended by 1500 Members

Posted in Professional Resource | 3693 Views

Rajasthan GST Department Introduces Amnesty Scheme 2024

10 February 2024 at 16:40

The Rajasthan GST Department has recently introduced the Amnesty Scheme 2024 through Notification No. F.12(7)FD/TAX/2024-72, dated February 08, 2024.

Posted in GST | 4125 Views

Income Tax Department Set to Issue Rs 25,000 Crore Tax Notices to Insurers Over Alleged Evasion

10 February 2024 at 16:39

The Income Tax Department is set to send demand notices totaling Rs 25,000 crore to several insurance companies by the end of March.

Posted in Income Tax | 15093 Views

GST Rate Rationalization Expected After Lok Sabha Polls, Says FinMin Official

10 February 2024 at 09:30

A senior official from the Finance Ministry has disclosed that any substantial changes in the Goods and Services Tax (GST) rates are likely to be postponed until after the upcoming Lok Sabha elections

Posted in GST | 3183 Views

Taxpayers on Notice: CBDT Chairman Targets Non-filers for Income Tax Returns

10 February 2024 at 09:30

The Income Tax Department in India, under the leadership of Nitin Gupta, Chairman of the CBDT, is gearing up to issue notices to individuals who have failed to file tax returns despite having taxes deducted at the source from their incomes

Posted in Income Tax | 6882 Views

Supreme Court Upholds CA Misconduct Rule: Board Empowered to Refer Cases to Disciplinary Committee

09 February 2024 at 10:05

In a landmark decision on Thursday, February 8, the Supreme Court of India made a significant ruling regarding the Chartered Accountants' (Procedure of Investigation of Professional and Other Misconduct and Conduct of Cases) Rules, 2007.

Posted in Professional Resource | 7641 Views

MCA Extends Deadline and Waives Fees for LLP BEN-2 and Form No. 4D Filings

09 February 2024 at 09:18

MCA has taken a significant step to ease compliance burdens on LLPs by providing relaxation in additional fees and extending the deadline for filing Form No. LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008.

Posted in Corporate Law | 6924 Views

Gujarat's GST Evasion: Over 9,000 Cases Reported in Last 4 Years

09 February 2024 at 09:17

Gujarat, often heralded as the epicenter of the business community, is grappling with a significant surge in Goods and Service Tax (GST) evasion cases, reaffirming its pivotal role in the nation's economic landscape.

Posted in GST | 2769 Views