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ICAI Releases Revised Study Material for January/May 2025 Exams Under New Scheme

   23 November 2024 at 15:46

ICAI has officially published the study material under the New Scheme of Education and Training, marking a significant milestone in its ongoing efforts to modernize and enhance the learning experience for aspiring Chartered Accountants.

Posted in Students |   98880 Views


Gujarat SGST Department Detects Rs 3.53 Crore Tax Evasion in Tobacco and Battery Sectors

   23 November 2024 at 08:54

The Gujarat State Goods and Services Tax (SGST) Department has unearthed tax evasion amounting to Rs 3.53 crore from business-to-consumer (B2C) traders in the tobacco and battery sectors.

Posted in GST |   1800 Views


ED Arrests Bengaluru Man For Manipulating ITRs, Securing Fraudulent Tax Refunds

   23 November 2024 at 08:51

In a significant crackdown, the Directorate of Enforcement (ED) arrested notorious conman Dilip B R on November 18, 2024, under the Prevention of Money Laundering Act (PMLA), 2002.

Posted in Income Tax |   3432 Views


Biometric Authentication to Launch at 46 GST Service Centres in MP to Prevent Fraud

   23 November 2024 at 08:51

In a bid to curb fraudulent GST registrations, Madhya Pradesh is set to implement biometric-based Aadhaar authentication at 46 GST service centres across the state.

Posted in GST |   663 Views


18% or 5% GST: Houseboat Industry Battles Tax Woes

   22 November 2024 at 16:42

Kerala's houseboat owners facing uncertainty as the GST office demands 18% GST from houseboat owners with a retrospective effect from 2017, causing uncertainty for owners in Alappuzha, Kochi, and Kumarakom.

Posted in GST |   624 Views


ICAI Joins Hands with CBSE to Revolutionize Skill-Based Accounting Education

   22 November 2024 at 13:05

The ICAI through its Committee on Career Counselling signed a MoU with the Department of Skill Education, CBSE on 21st November 2024, at Bhubaneswar, Odisha, to promote commerce-based skill courses for students across the country.

Posted in Accounts |   2739 Views


CBDT Mandates e-Filing for Forms 42, 43 and 44

   22 November 2024 at 10:48

The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has announced the issuance of Notification No. 06/2024, dated 19th November 2024, specifying the forms to be submitted electronically under the Income Tax Rules, 1962.

Posted in Income Tax |   2319 Views


RBI Warns Banks: Stop Freezing Accounts Over KYC Issues

   22 November 2024 at 10:47

Banks are freezing accounts for those receiving government funds i.e., Direct Benefit Transfer (DBT) funds such as subsidies, pensions, etc. due to lack of KYC...

Posted in Others |   705 Views


Kerala GST Department Revises Adjudication Process for Show Cause Notices

   22 November 2024 at 09:14

The Kerala GST Department, through Circular No. 21/2024-Kerala SGST issued on November 18, 2024, has introduced a revised framework for adjudicating show cause notices (SCNs) under the Kerala SGST Act, 2017.

Posted in GST |   591 Views


FM Nirmala Sitharaman Calls for Affordable Bank Interest Rates to Boost Investments

   22 November 2024 at 09:12

In a bid to address borrowing challenges and stimulate investment, Finance Minister Nirmala Sitharaman on Monday urged banks to make interest rates "far more affordable."

Posted in Corporate Law |   1656 Views



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