CAclubindia News

GST Officials Conduct Raids on 18 Resorts and 15 Water Parks Statewide

18 June 2024 at 09:08

In a significant crackdown on tax evasion, state GST officials have conducted raids at 18 resorts in the Gir Somanath and Dwarka districts, uncovering suspicious transactions worth Rs 16.29 crore.

Posted in GST | 4146 Views

Income Tax Department Releases ITR 3 Validation Rules for AY 2024-25

18 June 2024 at 08:58

In an effort to enhance data quality and accuracy in tax returns, the Income Tax Department has introduced ITR 3 validation rules for the Assessment Year 2024-25.

Posted in Income Tax | 3873 Views

Major GST Bogus Billing Racket Worth Rs 1K Crore Busted by CID Crime

18 June 2024 at 08:57

In a significant crackdown on financial fraud, CID Crime on Thursday uncovered a major GST bogus billing racket valued at Rs 1,000 crore.

Posted in GST | 6177 Views

Tamil Nadu Recovers Rs 1524 Crore Under IGST with Tax Research Unit's Efforts

17 June 2024 at 08:57

The Commercial Taxes Department of Tamil Nadu has successfully recovered ₹1,523.95 crore under the Integrated Goods and Services Tax (IGST), thanks to the diligent work of its newly established Tax Research Unit.

Posted in GST | 3111 Views

CBIC mounts campaign against frauds committed in the name of Indian Customs

17 June 2024 at 08:56

CBIC urges public to discern the modus operandi of fraudsters, protect their information, verify antecedents of caller and report such acts by staying alert

Posted in GST | 1770 Views

Finance Ministry Seeks Industry Input for Budget 2024-25 Tax Changes

15 June 2024 at 07:28

The Ministry of Finance, Department of Revenue, Tax Research Unit has taken a proactive step towards inclusive policy-making by inviting suggestions from Industry and Trade Associations for the upcoming Budget 2024-25.

Posted in Union Budget | 2703 Views

Contractor Duped of Rs. 1.3 Crores by Fake Chartered Accountant

15 June 2024 at 07:25

A 35-year-old contractor and Colaba resident, Jaykumar Shah Dhani, was allegedly defrauded by a supposed Chartered Accountant to the tune of Rs. 1.3 crores.

Posted in GST | 2034 Views

Mandatory Biometric Verification at GST Centers Cuts Bogus Registrations by 25%

14 June 2024 at 09:04

In a significant move to enhance transparency in the GST registration process and combat fraudulent registrations, Gujarat inaugurated 12 GST Service Centers in November 2023.

Posted in GST | 1101 Views

FM Nirmala Sitharaman to Chair 53rd GST Council Meeting in New Delhi

14 June 2024 at 09:03

A day after taking charge as Union Finance Minister, Nirmala Sitharaman is poised to preside over the highly anticipated 53rd GST Council meeting.

Posted in GST | 5091 Views

Income Tax Department Aims to Complete 170,000 Reassessments by March 2025

13 June 2024 at 09:06

The Income Tax department is set to finalize the reassessment of 170,000 notices by March 2025, focusing on undisclosed income from past assessment years.

Posted in Income Tax | 3021 Views