CAclubindia News

CBDT Grants Sec 47(viiab) Exemption to Investment Trust Units and IFSC ETFs

14 September 2023 at 08:53

The CBDT (Central Board of Direct Taxes) has amended the notification No. 16/2020 dated 05-03-2020 to enhance the scope of section 47(viiab) exemption.

Posted in Income Tax | 3258 Views

Cabinet Grants Approval for Amendments to Meghalaya GST Act 2017

14 September 2023 at 08:52

Meghalaya Cabinet has approved amendments to the Meghalaya Goods and Services Tax Act, 2017. The amendments were approved on September 13, 2023.

Posted in GST | 4911 Views

Auto Industry Breathes Sigh of Relief as Gadkari Clarifies Diesel GST Plan

13 September 2023 at 08:48

There was some confusion and misreporting regarding the potential imposition of an additional 10% GST on diesel vehicles in India.

Posted in GST | 7731 Views

SC Ruling on Gameskraft GST Case: Game Changer for India's Gaming Industry

13 September 2023 at 08:44

The legal case involving Gameskraft and the alleged Rs 21,000 crore Goods and Services Tax (GST) evasion is significant for the broader real-money gaming industry in India.

Posted in GST | 9522 Views

CBIC Resolves Over 11,000 Public Grievances and Launches Swachhata Campaign 2.0

13 September 2023 at 08:44

CBIC disposes off 11,284 public grievances and more than 2,082 public grievance appeals between Nov. 2022 and August, 2023, besides 195 outdoor campaigns across all CBIC field offices under Special Campaign 2.0 for Swachhata

Posted in GST | 3027 Views

GST Authority Sets 30-Day Invoice Reporting Deadline for High-Turnover Taxpayers Starting 1st Nov 2023

12 September 2023 at 08:46

The GST Authority has imposed a time limit of 30 days for reporting invoices from the date of invoice on e-invoice portals for taxpayers with an Aggregate Annual Turnover (AATO) equal to or exceeding 100 crores.

Posted in GST | 16110 Views

CBDT Resolves 53,000 Grievances in Special Campaign 2.0 for Swachhata

12 September 2023 at 08:45

CBDT resolves more than 46,000 public grievances and 7,000 grievance appeals between December, 2022 till July, 2023 under Special Campaign 2.0 for Swachhata and disposal of pending matters

Posted in Income Tax | 2745 Views

Income Tax Department Investigates Startup Investments for Compliance

11 September 2023 at 08:45

Income Tax Department issues notices to certain startups, including those in Ashneer Grover's portfolio, requesting information about their shareholders and seeking to verify the creditworthiness of those investors.

Posted in Income Tax | 7281 Views

Pidilite Industries Faces Rs 2.64 Lakh GST Penalty Over ITC Dispute

11 September 2023 at 08:44

Pidilite Industries, a company known for adhesive, waterproofing solutions, and construction chemicals, has been fined Rs 2.64 lakh by the GST (Goods and Services Tax) department in India.

Posted in GST | 1 comments | 7362 Views

Businessman booked for Rs 12.36 Crore ITC Scam

11 September 2023 at 08:43

The businessman, Surender, has been booked by the UT excise department for allegedly cheating them out of ₹12.36 crore through fake input tax credit claims.

Posted in GST | 3759 Views