CAclubindia News

GSTAT to Be Operational by End of FY25: Revenue Secretary

21 November 2024 at 08:56

Revenue Secretary Sanjay Malhotra announced on Monday that the GSTAT, established to resolve GST-related disputes, is in its final stages of operationalisation and is expected to commence functioning by the end of the current financial year.

Posted in GST | 2460 Views

CBDT Allows Condonation of Delay for Filing Forms 10-IC and 10-ID for AYs 2020-21 to 2022-23

20 November 2024 at 09:12

In a significant relief to taxpayers, the CBDT has issued Circular No. 17/2024 dated Nov 17, 2024, permitting the condonation of delays in filing Form 10-IC and Form 10-ID for AYs 2020-21, 2021-22, and 2022-23.

Posted in Income Tax | 4533 Views

CBDT Urges Taxpayers to Rectify Foreign Income Discrepancies Before 31st Dec 2024

20 November 2024 at 09:11

Ravi Agarwal, Chairman of the Central Board of Direct Taxes (CBDT), has called on taxpayers with foreign income or assets to take advantage of the current window to amend discrepancies in their income tax returns.

Posted in Income Tax | 2031 Views

GST Council to Review Proposal for Exempting Health and Term Life Insurance

20 November 2024 at 09:08

The GST Council is anticipated to meet in November, following state elections, to consider a Group of Ministers (GoM) recommendation to exempt health and term life insurance from GST.

Posted in GST | 495 Views

Daily Wager Faces Rs 1.08 Crore GST Penalty in Shocking Identity Theft Case

20 November 2024 at 09:08

In a startling case of identity theft and GST fraud, Rajendra Kumar Yadav, a daily wager from Dumardiha village in Koderma district, Jharkhand, has been slapped with a ₹1.08 crore penalty notice from the GST and Central Excise Department, Mumbai.

Posted in GST | 1860 Views

Shri K. Sanjay Murthy Appointed as Comptroller and Auditor General of India

20 November 2024 at 09:03

The Ministry of Finance, Department of Economic Affairs, has officially announced the appointment of Shri K. Sanjay Murthy as the Comptroller and Auditor General (CAG) of India.

Posted in Others | 516 Views

GST Fitment Committee Reviews Taxability of Delivery Charges by Food Delivery Apps

20 November 2024 at 09:01

State and central GST officials, forming the fitment committee, are reviewing the tax treatment of delivery charges levied by food delivery platforms like Swiggy and Zomato.

Posted in GST | 609 Views

RBI Warns Public Against Deepfake Videos of Top Officials Offering Financial Advice

20 November 2024 at 09:00

RBI cautions public on deepfake videos of Top Management circulated over social media giving financial advice

Posted in Others | 240 Views

CBDT Chairman Dedicates Taxpayers' Lounge at IITF 2024, Launches Brochures on Direct Taxation

19 November 2024 at 09:01

CBDT releases five informational brochures on various aspects of direct taxation for ease of understanding and taxpayers' facilitation at IITF

Posted in Income Tax | 2058 Views

CBDT Allows Condonation of Delay for Filing Forms 9A, 10, 10B and 10BB for AY 2018-19 Onwards

19 November 2024 at 08:54

CBDT has issued Circular No. 16/2024 dated November 18, 2024, addressing the condonation of delay in filing critical income tax forms Form No. 9A, 10, 10B, and 10BB for the Assessment Year (AY) 2018-19 and subsequent assessment years.

Posted in Income Tax | 3744 Views