CAclubindia News

CBDT issued clarification in respect of Rule 114F (5) of IT Rules

28 July 2023 at 08:49

CBDT, Foreign Tax & Tax Research Division has issued vide F. No. 500/34/2019-FT&TR-III(Pt.)/1 dated July 26, 2023 issued clarification in respect of Rule 114F (5) of the Income Tax Rules, 1962.

Posted in Income Tax | 7344 Views

CBDT Condones Delay in Filing Returns Claiming Deduction u/s 80P for AY 2018-19 to AY 2022-23

28 July 2023 at 08:48

CBDT issued Circular No. 13/2023 dated July 26, 2023 regarding condonation of delay in filing returns of income claiming deduction under section 80P of the IT Act for various assessment years from AY 2018-19 to AY 2022-23.

Posted in Income Tax | 11280 Views

DGGI Meerut Exposes Rs. 557 Crore ITC Scam

28 July 2023 at 08:48

DGGI Meerut officials bust racket involving 246 fake entities with turnover of Rs. 3,242 crore involving ITC of Rs. 557 crore, three held

Posted in GST | 3390 Views

Rs 3.33 Lakh Crore GST Evasion Detected by Govt in Last 5 Years

27 July 2023 at 08:49

Indian government detected a significant amount of evasion in goods and services tax (GST) over the last five years, amounting to Rs 3.33 lakh crore.

Posted in GST | 2601 Views

Massive GST Evasion: 15,000 Entities Caught Evading Rs 38,000 Crore

27 July 2023 at 08:48

Tax authorities in India have identified nearly 15,000 entities involved in fraudulent activities related to GST and detected evasion of over Rs 38,000 crore over the years.

Posted in GST | 5391 Views

Revenue Department States No Records on GST Paid by Individuals

27 July 2023 at 08:47

Central Information Commission upheld the CPIO's response and clarified that the requested information was not available with the department. The Commission suggested that Mr. Paulraj should explore other appropriate avenues to address his concerns.

Posted in GST | 6096 Views

GST Council to Convene on 2nd Aug to Debate Online Gaming Tax Laws

27 July 2023 at 08:46

It appears that the GST Council in India is likely to hold an unscheduled meeting on August 2 to address the issue of tax treatment on real-money games played on online gaming platforms

Posted in GST | 2091 Views

3 GST Officials Booked for Murder of Truck Driver in Kanpur

26 July 2023 at 08:46

This is a tragic incident involving the death of a truck driver, Balbir Singh, outside the State Goods Service Tax (SGST) office in Kanpur.

Posted in GST | 13857 Views

GSTN Under Money Laundering Law for Risk Assessment, says CBIC Chairman

26 July 2023 at 08:44

CBIC Chairman, Vivek Johri, clarified that there is no reverse flow of information that will happen after bringing the Goods and Service Tax Network (GSTN) under the ambit of the PMLA.

Posted in GST | 3267 Views

FM Reveals 1 Lakh Notices Sent Over Under-Reported Income and Non-Filing of Returns

25 July 2023 at 14:21

The Union Finance Minister, Nirmala Sitharaman, announced that the Centre has sent one lakh notices for non-filing of returns, under-reported income, and misrepresentation of income.

Posted in Income Tax | 21525 Views