CAclubindia News

Govt Accepts Panel's Recommendation for Online GST Audit Mechanism

29 July 2023 at 08:58

Union government has accepted the recommendation to set up an online audit mechanism under the Goods and Services Tax (GST) to streamline the process.

Posted in GST | 1 comments | 4041 Views

GSTN Implements Rule-86B Tab to Control Electronic Credit Ledger Funds

29 July 2023 at 08:57

GSTN has introduced a new tab, Rule-86B, which restricts the use of the amount available in the Electronic Credit Ledger.

Posted in GST | 12519 Views

GSTN Implements Enhanced PPOB Metadata Collection for Improved Tracking and Management

29 July 2023 at 08:56

The GSTN has recently announced that it will be collecting metadata of the Principal Place of Business (PPOB) for all registered taxpayers

Posted in GST | 24579 Views

RBI clarifies Star Series bank notes are legal

28 July 2023 at 10:41

On 27th July the Reserve Bank of India (RBI) clarified that banknotes with a star (*) symbol are legal and valid currency.

Posted in Community & General | 10212 Views

CBDT issued clarification in respect of Rule 114F (5) of IT Rules

28 July 2023 at 08:49

CBDT, Foreign Tax & Tax Research Division has issued vide F. No. 500/34/2019-FT&TR-III(Pt.)/1 dated July 26, 2023 issued clarification in respect of Rule 114F (5) of the Income Tax Rules, 1962.

Posted in Income Tax | 7509 Views

CBDT Condones Delay in Filing Returns Claiming Deduction u/s 80P for AY 2018-19 to AY 2022-23

28 July 2023 at 08:48

CBDT issued Circular No. 13/2023 dated July 26, 2023 regarding condonation of delay in filing returns of income claiming deduction under section 80P of the IT Act for various assessment years from AY 2018-19 to AY 2022-23.

Posted in Income Tax | 11415 Views

DGGI Meerut Exposes Rs. 557 Crore ITC Scam

28 July 2023 at 08:48

DGGI Meerut officials bust racket involving 246 fake entities with turnover of Rs. 3,242 crore involving ITC of Rs. 557 crore, three held

Posted in GST | 3513 Views

Rs 3.33 Lakh Crore GST Evasion Detected by Govt in Last 5 Years

27 July 2023 at 08:49

Indian government detected a significant amount of evasion in goods and services tax (GST) over the last five years, amounting to Rs 3.33 lakh crore.

Posted in GST | 2682 Views

Massive GST Evasion: 15,000 Entities Caught Evading Rs 38,000 Crore

27 July 2023 at 08:48

Tax authorities in India have identified nearly 15,000 entities involved in fraudulent activities related to GST and detected evasion of over Rs 38,000 crore over the years.

Posted in GST | 5508 Views

Revenue Department States No Records on GST Paid by Individuals

27 July 2023 at 08:47

Central Information Commission upheld the CPIO's response and clarified that the requested information was not available with the department. The Commission suggested that Mr. Paulraj should explore other appropriate avenues to address his concerns.

Posted in GST | 6168 Views