CAclubindia News

GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore

02 May 2023 at 08:31

Gross GST collection in April 2023 is all time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022

Posted in GST | 5733 Views

IT dept to soon notify modified valuation rules, investor classes for taxing foreign investments in unlisted companies

01 May 2023 at 08:41

The Income Tax Department will soon notify rules specifying the class of investors and norm of valuation for implementation of the Budget provision of taxing foreign investment in unlisted companies.

Posted in Income Tax | 4473 Views

Instructions regarding Amnesty scheme for revocation of cancellation of GST registration

01 May 2023 at 08:41

The Commissioner of State Tax of Maharashtra vide Internal Circular No. 4A of 2023 dated April 28, 2023 has issued Instructions regarding the Amnesty scheme for revocation of cancellation of GST registration.

Posted in GST | 4377 Views

FM asks CBIC to introduce automated GST return scrutiny and implement action plan to increase taxpayer base

01 May 2023 at 08:40

FM Nirmala Sitharaman on Saturday directed Central Board of Indirect Taxes & Customs to introduce its automated GST return scrutiny by next week and to implement an action plan to increase the taxpayer base through enhanced use of technology.

Posted in GST | 3933 Views

ICAI President urges professionals to continuously evolve and remain ahead of the curve

01 May 2023 at 08:39

As, I reflect over the recent developments and emerging trends shaping the future of the profession, I understand that one of our profession’s main premise is about building better future and supporting economic progress of society.

Posted in Professional Resource | 4380 Views

Form No. 70 made available for filing on IT portal

29 April 2023 at 08:33

Income Tax Department issued an update regarding - Form No. 70 notified vide Notification No.111/2022 dated 28-Sep-2022, is available for filing on the portal.

Posted in Income Tax | 7332 Views

e-Pay Tax service is now enabled for RBL Bank with Over the Counter and Net Banking option

29 April 2023 at 08:31

List of banks for tax payments available at e-Pay Tax service at e-Filing Portal

Posted in Income Tax | 4944 Views

GSTN introduces new facility to verify document Reference Number on offline communications of State GST authorities

29 April 2023 at 08:30

The GST portal ("System") generates various documents, such as notices/ orders, etc which are communicated to the taxpayer. Most such documents have a system-generated unique identifier DIN

Posted in GST | 6042 Views

Finance Ministry to assign different GST rates for online games based on skill and chance

28 April 2023 at 08:43

The Ministry of Finance is considering making distinct categories in online gaming. The Ministry is contemplating classifying online games based on the role of skill and chance in winning.

Posted in GST | 7305 Views

GST payments can now be made through 23 banks

28 April 2023 at 08:40

GSTN has added 2 new banks Induslnd Bank Limited and South Indian Bank Limited, bringing the total number of banks accepting GST payments to 23.

Posted in GST | 5298 Views