CAclubindia News

GSTN Advisory: New e-Invoice Reporting Limit Set for Businesses with AATO of Rs 10 Crore and above

06 November 2024 at 07:09

Advisory: Time Limit for Reporting e-Invoice on the IRP Portal - Lowering of Threshold to AATO 10 Crores and Above

Posted in GST | 15804 Views

GSTN Issues Advisory for Form GST DRC-03A

06 November 2024 at 07:04

It has been observed that some taxpayers have paid the demanded amount vide DRC 07/DRC 08/MOV 09/MOV 11/APL 04 through DRC-03 instead of using payment facility ‘Payment towards demand’ available on GST portal.

Posted in GST | 1218 Views

ICAI Reschedules CA Final Exam on November 13, 2024, for Select Centres Due to Elections

06 November 2024 at 07:03

Re-Scheduling of CA Examination scheduled to be held on 13th November 2024 (Wednesday) at the Examination Centre(s) at Hazaribagh (Jharkhand), Jamshedpur (Jharkhand), Ranchi (Jharkhand), Raipur (Chhattisgarh) and Jhunjhunu (Rajasthan).

Posted in Students | 18891 Views

ICAI Welcomes Observations of the Candidates on the Question Papers of CA Final November 2024 Exams

06 November 2024 at 06:41

Observations of the candidates on the question papers of Chartered Accountants Final Examinations and Post Qualification Courses Examination - November - 2024

Posted in Students | 279 Views

GST Exempted on Disconnection and 16 Other Power Services in UP

06 November 2024 at 06:41

In a significant update for power consumers in Uttar Pradesh, the U.P. Power Corporation Limited (UPPCL) has announced new guidelines clarifying the GST applicability on a range of power billing system services.

Posted in GST | 591 Views

Airlines Under GST Scrutiny: Government Tightens Rules on Unpaid Tax for Cancelled Tickets

06 November 2024 at 06:41

Airlines must now share comprehensive passenger and booking data daily with tax authorities, according to revised regulations by the Central Board of Indirect Taxes and Customs (CBIC).

Posted in GST | 924 Views

CBDT Sets New Limits for Interest Waiver under IT Act Section 220(2)

06 November 2024 at 06:41

The Central Board of Direct Taxes (CBDT) issued Circular No. 15/2024 on November 4, 2024, defining monetary thresholds for income tax authorities regarding the waiver or reduction of interest under Section 220(2) of the Income-tax Act, 1961.

Posted in Income Tax | 3798 Views

Income Tax Department Receives 6500 Stakeholder Suggestions for Overhaul of IT Act, 1961

05 November 2024 at 07:04

The Income Tax Department has received a significant response from stakeholders, amassing 6,500 suggestions over the past month for the comprehensive review of the Income Tax Act, 1961.

Posted in Income Tax | 2814 Views

GST Portal Activates Form DRC-03A for Voluntary Payment Adjustments

05 November 2024 at 07:03

The Goods and Services Tax (GST) portal has now activated Form DRC-03A, enabling taxpayers to adjust or set off voluntary payments against an order of demand.

Posted in GST | 14676 Views

Gujarat Among Top 5 in Income Tax Contributions, Collects Rs 3.46 Lakh Crore

05 November 2024 at 07:01

Gujarat has solidified its position as one of India’s top contributors to income tax, with a remarkable cumulative collection of ₹3.46 lakh crore over the past five years, according to a recent report by the State Bank of India.

Posted in Income Tax | 1065 Views