CAclubindia News

MCA Notifies Companies (Accounts) Amendment Rules, 2024

26 September 2024 at 09:21

On September 24, 2024, the Ministry of Corporate Affairs (MCA) issued Notification No. G.S.R. 587(E), introducing significant amendments through the Companies (Accounts) Amendment Rules, 2024.

Posted in Corporate Law | 19746 Views

GSTN CEO Confirms Completion of Design Architecture for B2C E-Invoicing for Retailers

26 September 2024 at 09:20

The design architecture for implementing GST e-invoicing for retailers is nearly finalized and undergoing expert review, according to GST Network CEO Manish Kumar Sinha.

Posted in GST | 5040 Views

Rs 382 Crore Tax Notice Exposes Aadhaar and PAN Misuse Scam in Thane with Multiple Bank Accounts

26 September 2024 at 09:18

A shocking case has emerged from Thane's Diva, where a local real estate agent received an income tax notice accusing him of being involved in transactions amounting to ₹382 crore.

Posted in Income Tax | 2229 Views

SC Requests Income Tax Department's Response to Notices Sent to Panel Assisting in Property Sealing

26 September 2024 at 09:16

The Supreme Court has requested a response from the Income Tax Department regarding notices issued to a committee assisting the court in sealing residential premises used for commercial purposes.

Posted in Income Tax | 1620 Views

CBIC Official: Data Discrepancies Behind Most GST Show-Cause Notices in 2023-24

26 September 2024 at 09:16

A significant number of the show-cause notices issued to taxpayers under the GST regime in 2023-24 stemmed from data discrepancies in tax return filings, a senior indirect tax official said on Tuesday.

Posted in GST | 8577 Views

Infosys May Get Full Relief on Reverse-Charge GST as CBIC Considers Key Modifications

26 September 2024 at 09:13

CBIC is considering amending its June 26, 2024, circular to quash Goods and Services Tax (GST) liabilities for Infosys and similar companies facing tax demands on fund transfers to their overseas branches.

Posted in GST | 1416 Views

GoM Unlikely to Offer Relief to Real Estate Sector on Joint Development Agreements

26 September 2024 at 09:12

Most members of the Group of Ministers (GoM) of the Goods and Services Tax (GST) Council have indicated they are not in favor of providing any tax relief to the real estate sector concerning Joint Development Agreements (JDAs).

Posted in GST | 531 Views

7 Arrested for Rs 900 Crore GST Scam Involving 48 Shell Companies

26 September 2024 at 09:10

In a major breakthrough, Uttar Pradesh police uncovered a large-scale GST fraud syndicate, arresting seven individuals in Muzaffarnagar on Tuesday.

Posted in GST | 2 comments | 1395 Views

GST Officers Uncover 10,700 Fake Firms in Rs 10,179 Crore Tax Evasion Scam

25 September 2024 at 09:09

Tax authorities have uncovered approximately 10,700 fake GST registrations, involving tax evasion worth ₹10,179 crore, during an ongoing all-India drive against fraudulent companies, a senior official from CBIC announced.

Posted in GST | 2349 Views

MCA Grants 5-Year Extension for Producer Companies on Share Dematerialisation Compliance

25 September 2024 at 09:07

MCA Extends Compliance Deadline for Producer Companies on Share Dematerialisation to 2028

Posted in Corporate Law | 2814 Views