CAclubindia News

Supreme Court Refuses Plea by Micro and Small Enterprises Regarding 45-Day Payment Rule

07 May 2024 at 07:56

In a recent development, the Supreme Court (SC) has declined to entertain a plea filed by Micro and Small Enterprises (MSEs) challenging the 45-day payment rule stipulated in Section 43B(h) of the Income Tax Act.

Posted in Income Tax | 4191 Views

Sanjaya Kumar Mishra appointed as the first President of GSTAT

07 May 2024 at 07:55

FM Nirmala Sitharaman administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first President of GSTAT in New Delhi

Posted in GST | 2949 Views

Ram Mandir Visits and Aggressive Capex Drive Propel Uttar Pradesh to Impressive GST Revenue Growth in April

06 May 2024 at 08:48

The inauguration of the Ram Mandir in Ayodhya has emerged as a pivotal catalyst in UP's economic resurgence.

Posted in GST | 2430 Views

Hyderabad Police Arrest 5 GST Officials in Rs 46 Crore Scam

06 May 2024 at 08:47

In a significant development, Hyderabad police have apprehended five GST officials in connection with seven cases of GST refund fraud, amounting to approximately Rs 46 crore.

Posted in GST | 3843 Views

Senior Income Tax Official Arrested in Mumbai for Alleged Bribery

06 May 2024 at 08:46

In a startling development, the Central Bureau of Investigation (CBI) has apprehended a senior official of the Income Tax (IT) department in Mumbai.

Posted in Income Tax | 1146 Views

FM Sitharaman Refutes Post-Election Income Tax Speculations

04 May 2024 at 09:00

Finance Minister Nirmala Sitharaman has refuted recent media reports speculating sweeping changes to the income tax system following the upcoming Lok Sabha election results.

Posted in Income Tax | 3489 Views

Supreme Court Seeks Details on GST Notices and Arrest

04 May 2024 at 08:59

Supreme Court has directed the Centre to provide comprehensive details regarding the issuance of notices and arrests made under the provisions of GST.

Posted in GST | 1851 Views

Zomato Faces Fresh GST Demand and Penalty Order Over Rs 2 Crore

04 May 2024 at 08:59

The Goods and Services Tax (GST) authorities have issued a fresh demand and penalty order against Zomato, amounting to a staggering Rs 2,22,91,376 in GST demand.

Posted in GST | 543 Views

YES Bank Hit with GST Demand Orders, Faces Rs 6.87 Lakh Penalty

03 May 2024 at 08:51

YES Bank revealed on Wednesday that it has been slapped with two GST demand orders, totalling a penalty exceeding Rs 6.87 lakh.

Posted in GST | 555 Views

MCA Establishes Appellate Authority for Chartered Accountants, Company Secretaries and Cost Accountants

02 May 2024 at 08:47

MCA has issued Notification G.S.R. 255(E) dated April 26, 2024. This notification pertains to the establishment of the Appellate Authority for CAs, CSs and Cost Accountants.

Posted in Corporate Law | 15036 Views