CAclubindia News

CBDT Chairman Forecasts India to Surpass Rs 18.23 Lakh Crore Direct Tax Collection Target

17 November 2023 at 08:44

In a positive development, Central Board of Direct Taxation (CBDT) chairman Nitin Gupta announced on Wednesday that the government is on track to exceed the ₹18.23 lakh crore direct tax collection target set for the current fiscal year

Posted in Income Tax | 2475 Views

GST Practitioners Raise Alarm Over Rule 37A

17 November 2023 at 08:42

In a recent development, the All Kerala GST Practitioners Association has raised alarm bells over the potential dampening effect on businesses due to the input tax credit (ITC) reversal mandated by Rule 37A.

Posted in GST | 8703 Views

IT Department Seizes Unexplained Cash Ahead of Key Assembly Elections in Five States

17 November 2023 at 08:41

In the lead-up to the upcoming Assembly elections in five states, the Income Tax Department has significantly increased its efforts to curb the flow of unexplained cash.

Posted in Income Tax | 5673 Views

CBIC Unveils 29 Updated Customs E-Brochures in Nov 2023

16 November 2023 at 08:58

CBIC Unveils Comprehensive Update with 29 E-Brochures, Transforming Customs Landscape

Posted in GST | 5130 Views

Kerala GST Dept Issues Operational Guidelines for Tax and Non-GST Remittance via e-Treasury Portal

16 November 2023 at 08:56

Kerala GST Department vide Trade Notice No. 18/2023 dated October 30, 2023 issued Operational instructions regarding the Payment of tax and other amounts including arrear demands issued in Acts other than GST through the e-Treasury Portal.

Posted in GST | 2442 Views

Govt Initiates Action Against Non-Issuance of E-Invoices by Mandated Taxpayers

16 November 2023 at 08:55

CBIC issued Instructions vide F. No. CBIC- 20006/15/2023-GST dated October 18, 2023 regarding the action in respect of non-issuance of e-invoices by notified class of taxpayers who are mandatorily required to issue e-invoice as per legal provisions.

Posted in GST | 4338 Views

Vivad se Vishwas II Scheme Deadline Extended to 31st Dec 2023 for Claim Submissions

16 November 2023 at 08:53

Ministry of Finance Extends Vivad se Vishwas II Scheme Deadline for Government Contract Disputes

Posted in Others | 2709 Views

Apple, Amazon and Google Face Legal Heat Over Alleged Rs 5000 Crore Income Tax Evasion

15 November 2023 at 08:39

Tech Giants Face Scrutiny for Potential Tax Non-Payment

Posted in Income Tax | 5394 Views

GSTN issues Advisory for Online Compliance Pertaining to ITC mismatch - GST DRC-01C

15 November 2023 at 08:38

Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GSTR-R3B

Posted in GST | 5733 Views

GSTN | ITC Reversal on Account of Rule 37(A)

15 November 2023 at 08:37

Vide Rule 37A of CGST Rules, 2017 the taxpayers have to reverse the Input Tax Credit (ITC) availed on such invoice or debit note, the details of which have been furnished by their supplier in their GSTR-1/IFF but the return in FORM GSTR-3

Posted in GST | 9528 Views