CAclubindia News

Dream11 Challenges Rs 40,000 Crore GST Evasion Claim in Bombay High Court

27 September 2023 at 11:44

Dream11, led by Harsh Jain, has joined the growing list of gaming startups taking legal action against tax authorities over alleged GST evasion.

Posted in GST | 13296 Views

New GST Supplier Rating Database Set to Transform Indian Business Landscape

27 September 2023 at 08:49

The Indian government is working on the development of a database that will rank suppliers based on their Goods and Services Tax (GST) compliance track record, credit history, transaction and supply history, and any past defaults.

Posted in GST | 1 comments | 6015 Views

Income Tax Department introduces Angel Tax Rules for valuing investments in startups

27 September 2023 at 08:48

The Income-tax (Twenty first Amendment), Rules, 2023, also known as the Angel Tax Rules, were notified by the Central Board of Direct Taxes (CBDT) on September 25, 2023.

Posted in Income Tax | 9234 Views

Mumbai GST Department Exposes Massive Rs 150 Crore Scam Involving Shell Companies

27 September 2023 at 08:47

This situation highlights a significant case of corruption and fraud within the GST department in Mumbai, with allegations of involvement by multiple officials...

Posted in GST | 7590 Views

80 Online Gaming Companies Under Scrutiny for Alleged GST Evasion

26 September 2023 at 08:47

About 80 online gaming companies in India are facing tax notices for alleged GST evasion totaling ₹10,000-12,000 crore (10-12 billion INR).

Posted in GST | 7236 Views

FM Nirmala Sitharaman hails Northeast as the biggest beneficiary of GST

26 September 2023 at 08:47

Finance Minister Nirmala Sitharaman has highlighted the positive impact of the Goods and Services Tax (GST) on the revenue collections of North Eastern states.

Posted in GST | 2571 Views

Union Finance Secretary Envisions AI's Role in Transforming Auditing and Accounting

26 September 2023 at 08:46

The Union Finance Secretary, T.V. Somanathan, has expressed the view that Artificial Intelligence (AI) has the potential to replace some of the work currently done by auditors and accountants.

Posted in Audit | 5535 Views

MCA Extends AGM and EGM Timeline for Virtual Meetings Until September 30, 2024

26 September 2023 at 08:44

Ministry of Corporate Affairs (MCA) has extended the timeline for holding Annual General Meetings (AGMs) and Extra-Ordinary General Meetings (EGMs) through video conferencing (VC) or other audio-visual means (OAVM) until September 30, 2024.

Posted in Corporate Law | 14064 Views

LIC Receives GST Bill Exceeding Rs 290 Crore from Bihar Tax Department

25 September 2023 at 09:01

The Life Insurance Corporation of India (LIC) has received a Goods and Services Tax (GST) demand, which includes interest and penalty, from Bihar state tax officials amounting to over Rs 290 crore.

Posted in GST | 19923 Views