CAclubindia News

GSTN: Facility for e-commerce operators through whom unregistered suppliers of goods can supply goods

13 October 2023 at 08:44

GSTN has also provided APIs for ECOs (through whom unregistered persons can supply goods) to integrate with GSTN to obtain the details and facilitate the unregistered suppliers.

Posted in GST | 25740 Views

GST Raids Unearth Rs 8.1 Crore Evasion Across 52 Locations

12 October 2023 at 09:02

In a major operation to curb Goods and Services Tax (GST) evasion, officials carried out extensive raids at 52 locations spanning seven districts within the state.

Posted in GST | 3801 Views

CBDT Grants Form 60 Exemption for Non-Resident Individuals and Foreign Firms in India

12 October 2023 at 09:02

The Income-tax (Twenty-fourth Amendment) Rules, 2023 were notified on October 10, 2023, by the Central Board of Direct Taxes (CBDT).

Posted in Income Tax | 7080 Views

Star Health and Allied Insurance Faces Rs 39 Crore GST Notice

11 October 2023 at 08:37

Star Health and Allied Insurance Company found itself in the spotlight as it received a significant notice from the Directorate General of GST Intelligence (DGGI) concerning a tax liability amounting to ₹38.99 crore.

Posted in GST | 2949 Views

GST Council to Address ITC Issue for Life Insurers, Easing LIC's Rs 290 Crore Demand

11 October 2023 at 08:36

In a recent development, the GST Council is gearing up to provide much-needed clarity on the input tax credit for life insurers, particularly in the context of a substantial demand of Rs 290 crore made on the Life Insurance Corporation (LIC).

Posted in GST | 3177 Views

Direct Tax Collections Surge by Nearly 18% in FY 2023-24

11 October 2023 at 08:36

Direct Tax Collections for F.Y. 2023-24 up to 9th October, 2023 show an increase over comparable period of last year

Posted in Income Tax | 2631 Views

Madras High Court Adjourns Actor Vijay's Writ Petition Against Income Tax Penalty

10 October 2023 at 16:27

The Madras High Court, on Tuesday, deferred its decision on the writ petition filed by popular actor C. Joseph Vijay against the Income Tax Department's penalty order.

Posted in Income Tax | 8700 Views

Income Tax Department's E-Flyer Urges Public to Avoid Cash Transactions, Clarifies Transaction Limits

10 October 2023 at 08:51

In a move aimed at promoting transparency and discouraging the use of cash transactions in financial dealings, the Income Tax Department has recently released an informative E-Flyer.

Posted in Income Tax | 20334 Views

Clarification on Audit Report Requirements for Substantial Contributors in AY 2023-24

10 October 2023 at 08:50

In a significant development, the Central Board of Direct Taxes (CBDT) issued Circular No. 17/2023 on October 09, 2023, shedding light on crucial audit report requirements under Section 119 of the Income-tax Act, 1961.

Posted in Income Tax | 16839 Views

CBI Nabs 4 GST Officials Demanding Bribe to Clear Erroneous Notices

10 October 2023 at 08:49

The Central Bureau of Investigation (CBI) apprehends two superintendents, an inspector, and a tax assistant involved in a bribery scandal targeting a LIC agent over alleged false GST notices.

Posted in GST | 7563 Views