CAclubindia News

ICAI Proposes Mandatory Qualifications for Forensic Audit Professionals

27 November 2024 at 09:14

The Institute of Chartered Accountants of India (ICAI) is taking a significant step toward strengthening forensic auditing practices by drafting guidelines to introduce mandatory qualifications for forensic auditors.

Posted in Audit | 14340 Views

GST Collections from Healthcare and Life Insurance Raised Over Rs 16000 Crore in FY24

27 November 2024 at 09:10

The Goods and Services Tax (GST) revenue from healthcare and life insurance services surged to ₹16,398 crore in FY24, according to Minister of State for Finance, Pankaj Chaudhary, in a statement to the Lok Sabha.

Posted in GST | 1452 Views

Ministry of Finance Notifies Amendments to GST Appellate Tribunal Jurisdiction

27 November 2024 at 09:09

The Ministry of Finance, through Notification No. 5063(E), has introduced significant amendments to the jurisdiction of State Benches of the Goods and Services Tax Appellate Tribunal (GSTAT) under Section 109 of the CGST Act, 2017.

Posted in GST | 1017 Views

CBDT Releases FAQs On PAN 2.0 Project

27 November 2024 at 09:09

FAQs On PAN 2.0 Project Released by CBDT

Posted in Income Tax | 4299 Views

GSTN Issues Advisory for Reporting TDS Deducted by Scrap Dealers in October 2024

27 November 2024 at 09:08

As per Notification No. 25/2024-Central Tax, effective from 10.10.2024, any registered person receiving supplies of metal scrap classified under Chapters 72 to 81 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)

Posted in GST | 6288 Views

CBDT Recognizes SKAN Research Trust as Research Association for Tax Deductions

27 November 2024 at 09:05

CBDT, through Notification No. 121/2024 dated November 25, 2024, has officially designated the SKAN Research Trust as a 'Research Association' for the purpose of conducting scientific research u/s 35(1)(ii) of the IT Act, 1961

Posted in Income Tax | 186 Views

NFRA Approves 40 Auditing Standards and Quality Management Rules for LLPs

27 November 2024 at 09:05

NFRA Approves Auditing and Quality Management Standards for LLPs, Effective from 2026

Posted in Corporate Law | 1590 Views

GST Council to Review GoM Report on Health Insurance, Says Finance Ministry

27 November 2024 at 09:04

The recommendations of the Group of Ministers (GoM), tasked with examining GST issues related to life and health insurance, will be reviewed by the GST Council once submitted, Parliament was informed on Monday.

Posted in GST | 456 Views

ICAI Unveils Groundbreaking CA GPT Platform Featuring Annual Reports of 5000 Listed Companies

26 November 2024 at 11:19

The Institute of Chartered Accountants of India (ICAI) through its Committee on AI in ICAI launched CA GPT-Industry Forum comprising of annual reports of 5,000 listed companies for the fiscal year 2023-24.

Posted in Corporate Law | 1356 Views

Cabinet approves the PAN 2.0 Project

26 November 2024 at 09:00

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Shri Narendra Modi, has given its approval for the PAN 2.0 Project of the Income Tax Department.

Posted in Income Tax | 2 comments | 8388 Views