CAclubindia News

GST Officer and Lawyers Nabbed in Rs 718 Crore Scam with 500 Fake Firms

14 August 2024 at 09:17

IntroductionIn a stunning revelation, a complex GST fraud involving ₹54 crore has been uncovered by the Anti-Corruption Bureau (ACB) of the Delhi Government.

Posted in GST | 1 comments | 4482 Views

Bajaj Finance Faces Rs 342 Crore GST Show Cause Notice

14 August 2024 at 09:15

Bajaj Finance announced on Monday that it has been issued a show cause notice regarding a GST demand of Rs 342 crore.

Posted in GST | 1095 Views

GST Panel Likely to Consider Insurance Relief Plea

14 August 2024 at 09:12

The GST Council could lower the rates of health and life insurance premiums at its meeting later this month if it accepts a recommendation made by a rate rationalisation committee, officials said on Thursday.

Posted in GST | 1836 Views

CBIC Launches Guidelines for Second All-India Drive to Combat Fake GST Registrations

13 August 2024 at 09:17

The Central Board of Indirect Taxes and Customs (CBIC) has announced the launch of its second special All-India Drive to tackle fake GST registrations.

Posted in GST | 4887 Views

Form GSTR-1A Now Available on GST Portal

13 August 2024 at 09:07

GSTN has rolled out the GSTR-1A form, a significant update that allows taxpayers to make necessary changes, corrections, and amendments to the data filled in their GSTR-1 for the same month.

Posted in GST | 1 comments | 1269 Views

ICAI Extends Deadline for Online Empanelment of Observers for Sept/Nov 2024 CA Exams to 20th August

13 August 2024 at 09:06

"ICAI has extended the deadline for online empanelment of observers for the September/November 2024 CA exams to August 20th.

Posted in Students | 6951 Views

Adopt Guidance Over Intimidation: CBDT Chief's Directive to Tax Officials

12 August 2024 at 14:25

The income tax department should do everything possible to be seen as "responsible, responsive and transparent," besides adopting a policy of 'guidance over intimidation' when dealing with taxpayers, the CBDT chairman has said.

Posted in Income Tax | 2403 Views

Foreign Investors Seek Tax Indemnities for Startup Investments Amid Rising Tax Notices

12 August 2024 at 09:02

Foreign private equity (PE) and venture capital (VC) funds are increasingly pushing for tax-related indemnity clauses in their investment agreements with Indian startups, according to legal experts.

Posted in Income Tax | 1527 Views

Centre to Convert Capex Loans to States into Grants, Announces FM Sitharaman

12 August 2024 at 09:02

In a landmark announcement, Finance Minister Nirmala Sitharaman revealed that the Centre plans to treat capital expenditure (capex) loans given to states as grants.

Posted in Income Tax | 1965 Views

Banking Laws Bill 2024: Tenure of Cooperative Banks' Directors Extended to 10 Years

12 August 2024 at 09:01

The Banking Laws (Amendment) Bill, 2024, recently tabled by Finance Minister Nirmala Sitharaman in Parliament, aims to bring significant changes to the banking sector.

Posted in Others | 2022 Views