CAclubindia News

Finance Ministry Amends GST Recruitment Rules 2024: OBC Inclusion & Qualification Relaxation

18 October 2024 at 09:09

Ministry of Finance has issued Notification No. 109 (F. No. A-50050/2/2024-Ad.I) dated October 16, 2024, amending the Goods and Services Tax (GST) Council Secretariat, Group ‘A’ Executive Posts Recruitment Rules, 2018

Posted in GST | 3348 Views

GSTN Releases Additional FAQs on IMS

18 October 2024 at 09:09

Invoice Management System (IMS) is now available to taxpayers. This new system shall facilitate taxpayers in matching their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC).

Posted in GST | 903 Views

CBDT Amends IT Rules for Easier TCS/TDS Credit Claims by Salaried Employees and Parents of Minors

17 October 2024 at 16:38

CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling claiming TCS Credit of Minors in the Hands of Parents

Posted in Income Tax | 2136 Views

GSTN to Implement Hard Locking of Auto-Populated GSTR-3B Values by January 2025

17 October 2024 at 15:05

In order to assist taxpayers in filing their returns and minimizing human errors, GSTN has continuously improved the GST return filing process and in this endeavor the GST Portal now provides a pre-filled GSTR-3B form

Posted in GST | 2427 Views

CBDT Unveils Form 12BAA and Revised TDS/TCS Guidelines

17 October 2024 at 09:03

The Central Board of Direct Taxes (CBDT) has issued Notification No. 112/2024 on October 15, 2024, introducing significant modifications to the Income-tax (Eighth Amendment) Rules, 2024.

Posted in Income Tax | 4311 Views

CBDT Notifies Key Changes to Forms 10A and 10AB

17 October 2024 at 09:00

The Central Board of Direct Taxes (CBDT) has announced significant amendments to the Income-tax Rules through Notification No. 111/2024, dated October 15, 2024.

Posted in Income Tax | 2088 Views

ITC Reversals Under Rule 37A in September GSTR-2B Due to Non-Filing of GSTR-3B by Vendors

17 October 2024 at 08:56

Taxpayers are now seeing reversals required under Rule 37A reflected in their September GSTR-2B, showing the Input Tax Credit (ITC) that must be reversed due to the non-filing of GSTR-3B by suppliers for FY 2023-24.

Posted in GST | 11244 Views

New ITR E-Filing Portal 3.0 to Launch Soon: IT Dept Invites Suggestions

17 October 2024 at 08:55

The Income Tax Department is gearing up to introduce a new and improved e-filing portal, as part of Project IEC 3.0, to replace the current platform (IEC 2.0). ..

Posted in Income Tax | 2127 Views

CBDT Frees 1 Lakh Sq. Ft, Earns Revenue from Scrap in Special Campaign 4.0 Cleanliness Drive

17 October 2024 at 08:54

The Central Board of Direct Taxes (CBDT), in collaboration with the field units of the Income Tax Department, is actively implementing Special Campaign 4.0

Posted in Income Tax | 393 Views

CBIC Issues Clarification on Implementation of Section 16(5) & 16(6) of CGST Act 2017

16 October 2024 at 09:11

The Central Board of Indirect Taxes and Customs (CBIC) has issued a significant clarification concerning the implementation of sub-section (5) and sub-section (6) of Section 16 of the Central Goods and Services Tax (CGST) Act, 2017.

Posted in GST | 1 comments | 4281 Views