CAclubindia News

New MSME Payment Rule Leads to Many Order Cancellations

30 January 2024 at 09:18

In a significant development for the assessment year 2024-25, the central government has implemented a new rule requiring buyers to settle payments for goods purchased from Micro, Small, and Medium Enterprises (MSMEs) within 45 days of delivery.

Posted in Corporate Law | 102246 Views

ICAI Rolls Out Online Exam Forms & Correction Window for May/June 2024

29 January 2024 at 16:36

As the May/June 2024 examinations draw near, the Institute of Chartered Accountants of India (ICAI) has announced the schedule for the submission of online exam forms for the Final, Intermediate, and Foundation levels.

Posted in Students | 65700 Views

FM Nirmala Sitharaman Set to Unveil GST 2.0 Roadmap in Budget, Predict Industry Experts

29 January 2024 at 14:50

With initial hurdles in the Goods and Services Tax (GST) system largely resolved, the Indian government is gearing up for a new wave of reforms in the upcoming interim budget. E

Posted in Union Budget & Policy | 3024 Views

CA Arrested in Mumbai for False Allegations of Rs 3000 Crore Financial Scam on Social Media

29 January 2024 at 14:50

In a significant development, the Mumbai police have apprehended a 30-year-old chartered accountant (CA) from Borivali for allegedly spreading false and malicious information on social media regarding a massive financial scam involving a corporate house.

Posted in Professional Resource | 11178 Views

Budget 2024: MSMEs Seek Streamlined GST, Increased Liquidity and Reduced Compliance

29 January 2024 at 09:06

With February 1 looming on the horizon, stakeholders in the Micro, Small, and Medium Enterprises (MSME) ecosystem have actively communicated their Budget 2024 demands to Finance Minister Nirmala Sitharaman. T

Posted in Union Budget & Policy | 3159 Views

GTRI Urges CBIC to Simplify Notifications for Enhanced Industry Understanding

29 January 2024 at 09:06

In a bid to enhance industry understanding and compliance, the Global Trade Research Initiative (GTRI) has urged CBIC to simplify the complex language used in its notifications regarding customs duties.

Posted in GST | 2325 Views

CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25

29 January 2024 at 09:05

The Central Board of Direct Taxes (CBDT) has recently issued a crucial notification, marked as Notification No. 16/2024 on January 24, 2024.

Posted in Income Tax | 11652 Views

CBI Nabs GST Superintendent in Rourkela for Alleged Bribe Demand of Rs 50,000

27 January 2024 at 09:10

In a significant development, a senior GST officer, identified as Superintendent of GST - Amarkant Kumar, has been apprehended by the Central Bureau of Investigation (CBI) in Rourkela, Odisha.

Posted in GST | 3249 Views

Goa Cabinet Approves GST Amendments for Clarity on Casino and Online Gaming Taxation

27 January 2024 at 09:09

In a significant development, the cabinet has granted approval for amending the Goa Goods and Services Tax Act, 2017, to address ambiguities in the taxability of casinos, horse racing, and online gaming.

Posted in GST | 3204 Views