CAclubindia News

Industry Urges Govt for Doubling GST Registration Threshold to Rs 40 Lakh

13 February 2024 at 09:13

During FTCCI event, industry leaders urged the Chief Minister and State Finance Minister to consider raising the GST registration threshold from Rs 20 lakh to Rs 40 lakh annually

Posted in GST | 4044 Views

Supreme Court Issues Notice to Central Govt on GST Anti-Profiteering Provisions

13 February 2024 at 09:12

The Supreme Court has taken a significant step by issuing a notice to the union government regarding the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST).

Posted in GST | 3399 Views

UPI Goes Global - Payments Now Accepted in 7 Countries

13 February 2024 at 09:11

In a significant move to enhance cross-border digital transactions, the Ministry of External Affairs announced the extension of Unified Payment Interface (UPI) services to Sri Lanka and Mauritius.

Posted in Others | 2958 Views

Taxpayers Can Opt for FY 2024-25 Composition Scheme on GST Portal by 31st March 2024

13 February 2024 at 09:09

GSTN has introduced a significant update, enabling taxpayers to opt for the Composition Scheme for the Financial Year 2024-25.

Posted in GST | 6828 Views

ICAI elects New Torchbearers for the year 2024-25

12 February 2024 at 14:56

New President and Vice-President elected for ICAI term 2024-25: CA Ranjeet Kumar Agarwal and CA Charanjot Singh Nanda.

Posted in Professional Resource | 16866 Views

Direct Tax Collections Reach Rs 18.38 Lakh Crore, Surge 17.30% YoY

12 February 2024 at 12:19

Direct Tax collections at 80.23% of total Revised Estimates of Direct Taxes for F.Y. 2023-24 upto 10.02.2024Gross Direct Tax collections at Rs. 18.38 lakh crore with Y-o-Y growth of 17.30%, as on 10th February, 2024Direct Tax collection, Net of refun

Posted in Income Tax | 2463 Views

PIB Fact Check Exposes Fake Income Tax Notice Requiring Payment for Audited Balance Sheets

12 February 2024 at 09:17

A recent tweet by PIB Fact Check has brought to light a deceptive notice circulating on social media platforms, purportedly issued in the name of @IncomeTaxIndia.

Posted in Income Tax | 6708 Views

Beware of Fake GST Summons, Verify Authenticity with CBIC Tools

12 February 2024 at 09:16

Caution against fraudsters sending fake and fraudulent Summons for GST violations

Posted in GST | 8139 Views

RBI Clarifies: Paytm App Unaffected, Only Payments Bank Under Scrutiny

12 February 2024 at 09:16

In a press conference on Thursday, the Reserve Bank of India (RBI) clarified that its recent directive concerns Paytm Payments Bank and not the Paytm app itself.

Posted in Others | 4698 Views

CGST Recovers Rs 1.25 Crore GST from 10 Garment Traders in Indore

12 February 2024 at 09:15

In a significant move against tax evasion, the Central Goods and Service Tax Department (CGST) has successfully recovered ₹1.25 crore from 10 readymade garments traders in the city of Indore.

Posted in GST | 2841 Views