CAclubindia News

CBDT Issues Streamlined Procedure for Income Tax Deduction Certificates Through TRACES

28 September 2023 at 08:50

Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962

Posted in Income Tax | 13056 Views

GSTN Advisory: Temporary Pause in Auto e-Invoice Population to GSTR-1

27 September 2023 at 17:11

GSTN wishes to inform you that the auto population of e-Invoice in GSTR-1 is temporarily halted due to essential system upgrades, which will involve the implementation of e-Invoice JSON download functionality.

Posted in GST | 5280 Views

Dream11 Challenges Rs 40,000 Crore GST Evasion Claim in Bombay High Court

27 September 2023 at 11:44

Dream11, led by Harsh Jain, has joined the growing list of gaming startups taking legal action against tax authorities over alleged GST evasion.

Posted in GST | 13200 Views

New GST Supplier Rating Database Set to Transform Indian Business Landscape

27 September 2023 at 08:49

The Indian government is working on the development of a database that will rank suppliers based on their Goods and Services Tax (GST) compliance track record, credit history, transaction and supply history, and any past defaults.

Posted in GST | 1 comments | 5952 Views

Income Tax Department introduces Angel Tax Rules for valuing investments in startups

27 September 2023 at 08:48

The Income-tax (Twenty first Amendment), Rules, 2023, also known as the Angel Tax Rules, were notified by the Central Board of Direct Taxes (CBDT) on September 25, 2023.

Posted in Income Tax | 9192 Views

Mumbai GST Department Exposes Massive Rs 150 Crore Scam Involving Shell Companies

27 September 2023 at 08:47

This situation highlights a significant case of corruption and fraud within the GST department in Mumbai, with allegations of involvement by multiple officials...

Posted in GST | 7524 Views

80 Online Gaming Companies Under Scrutiny for Alleged GST Evasion

26 September 2023 at 08:47

About 80 online gaming companies in India are facing tax notices for alleged GST evasion totaling ₹10,000-12,000 crore (10-12 billion INR).

Posted in GST | 7203 Views

FM Nirmala Sitharaman hails Northeast as the biggest beneficiary of GST

26 September 2023 at 08:47

Finance Minister Nirmala Sitharaman has highlighted the positive impact of the Goods and Services Tax (GST) on the revenue collections of North Eastern states.

Posted in GST | 2532 Views

Union Finance Secretary Envisions AI's Role in Transforming Auditing and Accounting

26 September 2023 at 08:46

The Union Finance Secretary, T.V. Somanathan, has expressed the view that Artificial Intelligence (AI) has the potential to replace some of the work currently done by auditors and accountants.

Posted in Audit | 5472 Views

MCA Extends AGM and EGM Timeline for Virtual Meetings Until September 30, 2024

26 September 2023 at 08:44

Ministry of Corporate Affairs (MCA) has extended the timeline for holding Annual General Meetings (AGMs) and Extra-Ordinary General Meetings (EGMs) through video conferencing (VC) or other audio-visual means (OAVM) until September 30, 2024.

Posted in Corporate Law | 14004 Views