CAclubindia News

50th GST Council Meeting: Key Takeaways

11 July 2023 at 08:52

The 50th GST Council meeting was held on 11 July 2023 in New Delhi.

Posted in GST | 20865 Views

Income Tax Dept Sets Target of 50 Cases per AO for Survey and Online TDS Verification

11 July 2023 at 08:47

The Income Tax Department of India has recently announced a new target for its Assessing Officers to conduct surveys and online verification of Tax Deducted at Source (TDS) in 50 cases each

Posted in Income Tax | 19341 Views

Direct Tax Collections Surge by 14.65% in FY 2023-24

11 July 2023 at 08:46

Provisional figures of Direct Tax collections for FY 2023-24 register steady growth upto 9th July 2023

Posted in Income Tax | 2049 Views

GSTN Now Under PMLA, Enables Data Sharing with ED and FIU

10 July 2023 at 08:53

The government has brought the Goods and Services Tax Network (GSTN) under the Prevention of Money Laundering Act (PMLA).

Posted in GST | 13119 Views

GST Scam: 25% of 69000 Suspected Accounts Fake, Rs 15000 Crore Evasion Potential Uncovered

10 July 2023 at 08:52

The Central Board of Indirect Taxes and Customs (CBIC) has found that around 25% of 69,000 suspected GST accounts are fake. These accounts have availed benefits of around Rs 15,000 crore.

Posted in GST | 7542 Views

Non-Linking of PAN with Aadhaar can incur a penalty of Rs 6000 for ITR Filing

10 July 2023 at 08:51

If you do not link your PAN with Aadhaar before July 31, 2023, and your PAN becomes inoperative, you may end up paying a late filing fee of Rs. 5,000 and file a belated ITR

Posted in Income Tax | 36720 Views

Income Tax Dept launches 'Know Your Refund Status' on e-filing Portal

08 July 2023 at 16:39

Income Tax Department has now launched a new functionality called "Know Your Refund Status" on the e-filing portal that allows users to check their refund status directly from the portal itself

Posted in Income Tax | 62130 Views

GSTN introduces new feature to help businesses verify additional places of business

08 July 2023 at 08:56

Goods and Services Tax Network (GSTN) has introduced a new feature in the "Search Taxpayer" option to provide users with access to a list of "Additional Places of Business" (APBs).

Posted in GST | 15189 Views

IT Dept discovers incorrect returns by Andhra Pradesh Govt & Tech Employees

08 July 2023 at 08:55

The Income Tax department in Andhra Pradesh has found that a large number of government and tech company employees in the state have claimed incorrect tax deductions and exemptions.

Posted in Income Tax | 35127 Views

GSTN | Geocoding Functionality Now Live for All States and Union Territories

08 July 2023 at 08:55

GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories

Posted in GST | 6006 Views