CAclubindia News


GSTAT Setup Delayed: Tribunals May Take Another Six Months to Become Operational

   16 January 2025 at 08:49

According to a report, the much-awaited Goods and Services Tax Appellate Tribunals (GSTAT) might not be functional until mid-2025, as delays in state-level appointments and infrastructure allocation persist.

Posted in GST |   2379 Views


CBDT Approves Central Power Research Institute for Tax Benefits under Income Tax Act, 1961

   16 January 2025 at 08:49

In a significant move, the Central Government has granted approval to the Central Power Research Institute (CPRI), Bengaluru, under the category of "Research Association" for "Scientific Research" as per Section 35(1)(ii) of the Income Tax Act, 1961.

Posted in Income Tax |   879 Views


GST Appeal Withdrawal Process Simplified: Key Update for Waiver Scheme Applicants

   15 January 2025 at 08:05

One of the eligible conditions for filing application under waiver scheme is to withdraw the appeal applications filed against the demand order/notice/statement for which waiver application is to be submitted.

Posted in GST |   8709 Views


Net Direct Tax Collections Jump 15.88% to Rs 16.90 Lakh Crore in FY 2024-25

   15 January 2025 at 07:58

According to the latest data, net direct tax collections, after refunds, have increased by 15.88%, reaching ₹16,89,928 crore.

Posted in Income Tax |   1458 Views


ICAI Announces Requirements for Applying for May 2025 CA Final Exams

   15 January 2025 at 07:58

The Institute of Chartered Accountants of India (ICAI) has released comprehensive guidelines for candidates planning to appear in the May 2025 CA exams.

Posted in Students  1 comments |   76650 Views


ICAI unveiled its first-of-its-kind Advanced Flagship Program on Family Enterprises: A Game Changer Initiative

   15 January 2025 at 07:58

The Institute of Chartered Accountants of India (ICAI) today started its first batch of Advanced Flagship Program, Empowering Trusted Advisors – Unlocking the Potential of Family Enterprises.

Posted in Professional Resource |   585 Views


Generation Date for Draft GSTR-2B for Dec 2024 Revised to 16th Jan 2025

   15 January 2025 at 07:58

In line with the recent extensions in due dates for filing GSTR-1 and GSTR-3B returns for Dec 2024, as notified under Notifications No. 01/2025 and 02/2025 issued on January 10, 2025, the generation of the Draft GSTR-2B for Dec 2024 has been rescheduled.

Posted in GST |   5928 Views


CBIC Amends Guidelines on Arrest and Bail Under CGST Act, 2017

   14 January 2025 at 08:02

The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 01/2025-GST, amending previous guidelines for arrest and bail in offences punishable under the CGST Act, 2017.

Posted in GST |   3525 Views


ICAI Welcomes Observations of the Candidates on the Question Papers of CA Intermediate & Foundation Jan 2025 Exams

   14 January 2025 at 08:01

The Institute of Chartered Accountants of India (ICAI) has invited candidates appearing for the CA Intermediate and Foundation examinations in January 2025 to share their observations regarding the question papers.

Posted in Students |   2145 Views


Finance Ministry's Roadmap to a $5 Trillion Economy: Challenges and Opportunities

   14 January 2025 at 08:00

The Union Finance Ministry has outlined a strategic roadmap to achieve India's ambitious $5 trillion economy target by 2028-29.

Posted in Others |   1080 Views



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