The Mumbai Customs Zone-II issued Advisory No. 02/2024 on October 23, 2024, making Customs Brokers co-noticees in cases involving interpretative disputes to ensure compliance.
The CBIC issued a corrigendum on October 25, 2024, to Circular No. 237/31/2024-GST, addressing implementation issues related to Section 16(5) and 16(6) of the CGST Act, 2017.
A government panel is considering raising the affordable housing price limit from ₹45 lakh to ₹56 lakh for the 1% GST rate, potentially making homes more affordable across India.
From October 8, biometric-based Aadhaar authentication and document verification will be mandatory for GST registration to combat tax fraud, the State GST Department announced.
On October 26, 2024, the Central Board of Direct Taxes (CBDT) announced an extension for filing the Return of Income for the Assessment Year (AY) 2024-25.
The Income Tax Department has launched the latest version (1.1.7) of the Common Offline Utility for filing Income-tax Returns (ITR) 1 to ITR 4 for Assessment Year 2024-25.
The Income Tax Department has released the latest version of utilities and schema for filing ITR-7, applicable to persons, including companies, required to furnish returns under sections 139(4A), 139(4B), 139(4C), and 139(4D)
Loan limit under Pradhan Mantri Mudra Yojana (PMMY) increased to Rs.20 lakh from the current Rs.10 lakh
The results of the Chartered Accountants Intermediate and Foundation Examinations held in September 2024 are likely to be declared on Wednesday, the 30th October 2024
In a surprise operation, the State GST (SGST) department conducted one of Kerala's largest-ever raids on gold jewellers in Thrissur, seizing 108kg of gold linked to tax evasion.
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