CAclubindia News

LIC Receives Rs 605.5 Crore GST Demand Order for FY20

30 August 2024 at 09:30

Life Insurance Corporation (LIC) of India has been hit with a GST demand and penalty order totalling Rs 605.5 crore for the fiscal year 2019-20 (FY20).

Posted in GST | 588 Views

Chocolate Firms and Bakeries Hit with GST Notices Over Alleged Underpayment

30 August 2024 at 09:26

More than a dozen bakery and chocolate companies have been served notices by the DGGI for allegedly underpaying GST from July 2017 to March 2023.

Posted in GST | 921 Views

Vodafone Idea Faces Rs 15.19 Crore GST Demand and Rs 1.51 Crore Penalty

30 August 2024 at 09:23

The GST office in Patna has ordered debt-ridden Vodafone Idea (VIL) to pay Rs 15.19 crore in taxes, along with a penalty of Rs 1.51 crore, for allegedly availing input tax credit (ITC) it was not eligible for during FY 2019-20 and 2020-21.

Posted in GST | 1 comments | 660 Views

ICAI Releases CA Admit Cards for September 2024 Exams

29 August 2024 at 16:22

The Institute of Chartered Accountants of India (ICAI) has officially released the admit cards for the upcoming Chartered Accountancy (CA) Foundation and Intermediate exams scheduled for September 2024.

Posted in Students | 5550 Views

ICAI Reprimands CA for Circulating Defamatory Messages Against GST Officer on WhatsApp

29 August 2024 at 13:57

The ICAI concludes an investigation into CA Anil Thakur under Section 21A(3) of the Chartered Accountants Act, 1949, after GST officer Shri Golden Jain accused him of spreading defamatory messages on a private WhatsApp group.

Posted in GST | 1 comments | 14274 Views

Hindustan Unilever Hit with Rs 962.75 Crore Tax Notice Over Rs 3K Crore GSK Deal

29 August 2024 at 09:15

Recently, one of the FMCG company giants of India, Hindustan Unilever Limited or HUL disclosed that they received a hefty tax demand, amounting to Rs 962.75 crore, including Rs 329. 33 crore in interest.

Posted in Income Tax | 795 Views

GST Department Slaps Yes Bank with Rs 24 Lakh Penalty

29 August 2024 at 09:14

The Yes Bank has been penalized by the Goods and Services Tax (GST) Department, Maharashtra that raised demand for disallowance of input tax credit (ITC) along with interest and also demand for penalty of Rs. 24,92,978/-.

Posted in GST | 4044 Views

ICICI Prudential Receives Rs 429 Crore GST Demand Notice for FY 2020

29 August 2024 at 09:13

Maharashtra Deputy Commissioner of State Tax has issued a GST demand notice of Rs 429 crore to ICICI Prudential on Tuesday disclosed the company on the stock exchange on Wednesday.

Posted in GST | 1134 Views

SIT on black money to submit interim report to Supreme Court within 15 days

29 August 2024 at 09:11

The Supreme Court constituted Special Investigation Team (SIT) on black money will present the ninth interim report to the Supreme Court within 15 days, said the vice-chairman of the SIT, Justice retired Arijit Pasayat here on Monday.

Posted in Income Tax | 1 comments | 2256 Views

FM Sitharaman Clarifies: No NPS Rollback, UPS Aims to Improve It

28 August 2024 at 17:41

In a media briefing session held a few days ago, Union Finance Minister Nirmala Sitharaman shed more light on the newly rolled-out Unified Pension Scheme (UPS) to state that, the exercise of the scheme is in fact an optional one.

Posted in Income Tax | 2250 Views