CAclubindia News

Maruti Suzuki Faces GST Authority's Show Cause Notice Over Tax Liability

30 September 2023 at 14:51

Leading automobile manufacturer Maruti Suzuki India found itself in the crosshairs of the GST Authority.

Posted in GST | 5418 Views

Rising GST Collections Linked to Improved Compliance, Reveals CBIC Chief

30 September 2023 at 09:01

In a significant development, the Chief of the CBIC, Sanjay Kumar Agarwal, attributed the recent surge in monthly Goods and Services Tax (GST) collections to a marked improvement in compliance among businesses.

Posted in GST | 3555 Views

TAAI Urges Government to Abolish TCS Ahead of October 1 Deadline

30 September 2023 at 09:01

The Travel Agents Association of India (TAAI) has made a plea to the Indian government to reconsider or delay the implementation of the Tax Collection at Source (TCS) on foreign remittances, which is set to become applicable from October 1.

Posted in Income Tax | 7233 Views

Infosys Faces GST Demand of Rs 37.75 Lakh including Interest and Penalties

30 September 2023 at 09:00

In a recent regulatory disclosure, Infosys has confirmed that it has received a demand order from tax authorities, which includes the collection of Goods and Services Tax (GST), along with interest and penalties.

Posted in GST | 10314 Views

Digital Giants and Edtech Firms Set to Face 18% IGST Starting 1st Oct 2023

30 September 2023 at 08:58

In a significant development for the digital landscape in India, prominent companies like Google, Facebook, and X (formerly Twitter) are bracing themselves for a significant change in tax policy.

Posted in GST | 7149 Views

New CBDT Form 6D Introduced for Inventory Valuation Reporting u/s 142(2A)

29 September 2023 at 08:58

The Income-tax (Twenty-Second Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on September 27, 2023.

Posted in Income Tax | 12147 Views

CBIC Set to Roll Out 28% GST on Online Gaming, Casinos and Horse Racing from 1st Oct 2023

29 September 2023 at 08:57

The Central Board of Indirect Taxes and Customs (CBIC) is gearing up to implement clarificatory laws related to a uniform Goods and Services Tax (GST) rate of 28 percent on online money gaming, casinos, and horse racing starting from October 1, 2023.

Posted in GST | 5856 Views

ICICI Lombard Faces Over Rs 1728 Crore Tax Demand Notice Over GST Non-Payment

28 September 2023 at 14:22

ICICI Lombard General Insurance Company Ltd. has received a show cause notice from the Directorate General of GST Intelligence (DGGI) regarding non-payment of a tax demand of ₹1,728.90 crore.

Posted in GST | 7566 Views