CAclubindia News

IT Department Appeals to Bombay HC Against LIC in Rs 5K crore Tax Cases

19 October 2023 at 08:44

LIC is currently grappling with an appeal filed by the IT Authority with the Bombay HC, challenging the Income Tax Appellate Tribunal's recent decision to grant the insurance giant tax relief in two disputes, totaling a significant Rs 4,993 crore.

Posted in Income Tax | 3048 Views

ICAI releases Admit Card for CA Intermediate/Final Nov 2023 Exams

18 October 2023 at 17:34

The Institute of Chartered Accountants of India (ICAI) releases admit card for November 2023 CA Final and Intermediate Exams on October 16, 2023. Candidates can download their admit cards from the official website of ICAI at https://eservices.icai.org/.

Posted in Students | 25269 Views

ICAI Raises 11 Concerns on Mass GST SCN for FY 2017-18 in September 2023

18 October 2023 at 14:55

ICAI Highlights 11 Key Concerns in Response to Mass GST Show Cause Notices for FY 2017-18 Issued in September 2023

Posted in GST | 22863 Views

Godrej Properties Affected as Subsidiary Grapples with Rs 48.31 Crore GST Demand

18 October 2023 at 14:43

In early trade on October 16, Godrej Properties witnessed a marginal drop in its shares as its subsidiary, Godrej Redevelopers (Mumbai) Private Limited (GRMPL), grappled with GST demand and penalty notices.At 9:22 am, the company's stock was trad

Posted in GST | 2403 Views

ITR Refund Processing Deadline Extended to January 31, 2024 for AY 2017-18

18 October 2023 at 09:14

The Central Board of Direct Taxes (CBDT) has extended the time limit for processing validly filed income tax returns (ITRs) up to assessment year (AY) 2017-18 with refund claims until January 31, 2024.

Posted in Income Tax | 9153 Views

Dabur India Faces Tax Notice of Rs 320.6 Crore Under CGST Act

18 October 2023 at 09:12

Dabur India, one of the country's leading consumer goods companies, has received a tax notice under Section 74(5) of the Central Goods and Services Tax (CGST) Act, 2017.

Posted in GST | 5598 Views

CBDT Grants IFSC Units Form 15CA Exemption and Introduces Form 15CD for Quarterly Reporting

18 October 2023 at 09:11

CBDT vide Notification No. 89/2023 dated October 16, 2023 has amended Rule 37BB of the Income Tax Rules, 1962 to exempt IFSC units from furnishing Part D of Form 15CA for non-taxable remittances.

Posted in Income Tax | 3567 Views

GSTN | Online Money Gaming & OIDAR Service Providers - Register with Forms GST REG-10 and GSTR-5A

18 October 2023 at 09:10

Advisory: Person supplying of Online Money Gaming services or OIDAR or Both– Form GST REG-10 and Form GSTR-5A

Posted in GST | 4176 Views

ICAI Convocation Nov 2023: Members to Receive Certificates in Multiple Cities

18 October 2023 at 09:09

The next ICAI Convocation will be held at following Cities as per dates mentioned, for Members who are enrolled during the period from 1st May 2023 to 20th October 2023.

Posted in Professional Resource | 3903 Views

Massive Rs 20 Crore GST Fraud Unearthed in Ahmedabad

17 October 2023 at 08:42

In a significant development, the Ahmedabad zonal unit of the Directorate General of GST Intelligence (DGGI) recently uncovered a case involving tax evasion of a staggering Rs 20 crore through fraudulent activities in the chewing tobacco business.

Posted in GST | 3966 Views