CAclubindia News

55th GST Council Meeting: Key Highlights

22 December 2024 at 12:32

Recommendations of the 55th Meeting of the GST Council

Posted in GST | 16671 Views

55th GST Council Meet to Review Rate Rationalisation and Taxability of Delivery Apps

21 December 2024 at 07:07

The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is set to address several critical issues in its meeting scheduled for December 21, 2024, in Jaisalmer.

Posted in GST | 1137 Views

Maharashtra Govt Launches GST Amnesty Scheme, Waives Rs 27,000 Crore in Interest and Penalties

21 December 2024 at 07:07

The Maharashtra government has announced a GST Amnesty Scheme to waive interest and penalties on pending liabilities for the fiscal years 2017 to 2020.

Posted in GST | 1 comments | 3090 Views

Income Tax Department Withdraws Erroneous Notices for Correctly Filed ITRs

21 December 2024 at 07:07

In a recent announcement, the Income Tax Department has acknowledged and withdrawn defective return notices mistakenly issued to taxpayers who had accurately filed their Income Tax Returns (ITRs) for the Assessment Year 2024-25.

Posted in Income Tax | 4263 Views

CA Final Nov 2024 Results likely to be declared on 26th Dec

20 December 2024 at 20:20

The Institute of Chartered Accountants of India (ICAI) has announced that the results for the CA Final Examinations conducted in November 2024 are expected to be released on Thursday, 26th December 2024, late evening.

Posted in Students | 2523 Views

CBIC Uncovers Rs 26,543 Crore GST Evasion in Nationwide Drive Against Fake ITC

20 December 2024 at 09:07

In a sweeping crackdown on GST evasion, the Central Board of Indirect Taxes and Customs (CBIC) has unearthed fraud amounting to Rs 26,543 crore during its second nationwide operation against fake input tax credit (ITC).

Posted in GST | 2262 Views

Indian Gaming Industry Faces February 2025 Deadline for GST Tax Demands on Betting

20 December 2024 at 09:06

The Indian online gaming industry faces a pivotal moment as tax authorities prepare to finalize Goods and Services Tax (GST) demands by February 5, 2025, based on pending show-cause notices (SCNs).

Posted in GST | 849 Views

CBDT Exempts Credit Guarantee Fund Trust for Micro and Small Enterprises from TDS

20 December 2024 at 09:03

In a significant move to bolster micro and small enterprises (MSEs), the Central Board of Direct Taxes (CBDT) has issued Notification No. 128/2024, dated December 18, 2024.

Posted in Income Tax | 1695 Views

CAG Flags Revenue Loss of Rs 18,509.8 Crore Due to Tax Errors and Evasion

20 December 2024 at 09:02

The Comptroller and Auditor General (CAG) of India, in its latest report tabled in Parliament, highlighted widespread lapses in income tax assessments and GST compliance, causing a potential revenue loss of Rs 18,509.8 crore.

Posted in GST | 2160 Views