CAclubindia News

CBIC Empowers Additional/Joint Commissioners to Adjudicate DGGI Notices Under Key GST Sections from 1st Dec 2024

26 November 2024 at 08:58

In a significant move, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 27/2024-Central Tax, dated November 25, 2024, revising the powers of Additional and Joint Commissioners under the GST framework.

Posted in GST | 3111 Views

ICAI Reschedules CA Foundation Exam for January 2025 Due to Festivities

26 November 2024 at 08:57

It is hereby announced for general information that in view of Makar Sankranti/Bihu/Pongal festivals across India, CA Foundation Examination, January-2025 the said examination dtd 14th January 2025 stands rescheduled to 16th January 2025

Posted in Students | 4011 Views

GST Collections See Sharp Decline Across Major States in H1 FY25

25 November 2024 at 09:10

Slowing consumption trends in recent months have begun to affect GST collections in India, with several states, particularly in South India, reporting subdued growth.

Posted in GST | 7308 Views

15 Booked for Assaulting Three Men Over False Fake GST Official Accusation

25 November 2024 at 09:07

The Ludhiana police have registered a case against 15 unidentified individuals following the October 9 assault on three residents of Khanna at the Kesar Ganj market.

Posted in GST | 384 Views

Income Tax Department Reduces Time Limit for Claiming Refunds to Five Years

25 November 2024 at 09:07

The Income Tax Department has issued a circular revising the time frame for taxpayers to claim refunds for old returns.

Posted in Income Tax | 3909 Views

Govt Considering Arbitration Mechanism to Resolve Tax Disputes in Budget 2025

25 November 2024 at 09:07

The Indian government is actively exploring the introduction of an arbitration mechanism to address tax disputes, a move aimed at easing the litigation burden on both taxpayers and officials.

Posted in Union Budget | 1683 Views

ICAI Releases Revised Study Material for January/May 2025 Exams Under New Scheme

23 November 2024 at 15:46

ICAI has officially published the study material under the New Scheme of Education and Training, marking a significant milestone in its ongoing efforts to modernize and enhance the learning experience for aspiring Chartered Accountants.

Posted in Students | 98616 Views

Gujarat SGST Department Detects Rs 3.53 Crore Tax Evasion in Tobacco and Battery Sectors

23 November 2024 at 08:54

The Gujarat State Goods and Services Tax (SGST) Department has unearthed tax evasion amounting to Rs 3.53 crore from business-to-consumer (B2C) traders in the tobacco and battery sectors.

Posted in GST | 1755 Views

ED Arrests Bengaluru Man For Manipulating ITRs, Securing Fraudulent Tax Refunds

23 November 2024 at 08:51

In a significant crackdown, the Directorate of Enforcement (ED) arrested notorious conman Dilip B R on November 18, 2024, under the Prevention of Money Laundering Act (PMLA), 2002.

Posted in Income Tax | 3390 Views

Biometric Authentication to Launch at 46 GST Service Centres in MP to Prevent Fraud

23 November 2024 at 08:51

In a bid to curb fraudulent GST registrations, Madhya Pradesh is set to implement biometric-based Aadhaar authentication at 46 GST service centres across the state.

Posted in GST | 636 Views