CAclubindia News
IRS Officer Trainees Urged by President Murmu to Enhance Tax Administration
04 December 2024 at 09:08Addressing the officers, the President said that the Indian Revenue Service (Customs and Indirect Taxes) connects our economy through a uniform tax system and shared administrative values.
CBIC Clarifies: Media Reports on GST Rate Changes Are Premature and Speculative
04 December 2024 at 09:03GST Council has neither received nor deliberated on any recommendations from the GoM. Until the GoM submits its report, and the Council discusses and makes decisions, any reports regarding GST rate changes remain speculative and without an official basis.
PM Internship Scheme Pilot Offers 1.25 Lakh Internship Opportunities for FY 2024-25
04 December 2024 at 08:57Pilot Project launched under PMIS to provide 1.25 lakh internship opportunities in the FY 2024-25.
MCA Decriminalizes 63 Offences, Centralizes Strike-Off Process via C-PACE
04 December 2024 at 08:54Decriminalization of 63 offences under the Companies and LLP Acts
Union Budget 2025: Key Reforms Expected for Direct Tax Code Implementation
04 December 2024 at 08:50The Union Budget 2025 is expected to bring significant changes to India's income tax framework, with the long-awaited implementation of the Direct Tax Code (DTC) marking a major step toward overhauling the country's direct tax system.
FM Sitharaman Signals Possible GST Reduction on Life and Health Insurance Premiums
04 December 2024 at 08:49Finance Minister Nirmala Sitharaman has suggested that a reduction in the GST on life and health insurance premiums could lead to lower costs for policyholders.
75% of GST Revenue Comes from 18% Slab, Reveals MoS Finance
04 December 2024 at 08:46In the fiscal year 2023-24, approximately 70-75% of GST revenues were generated from the 18% tax slab, while the 12% slab contributed just 5-6% of the total collection.
Central Tax Officials Uncover Rs 824 Crore GST Evasion by Cryptocurrency Exchanges
04 December 2024 at 08:45Central tax officials have uncovered goods and services tax (GST) evasion amounting to ₹824.14 crore across 17 cryptocurrency exchanges, Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha on December 2.
Income Tax Practitioners Sentenced to 3 Years in Jail for TDS Refund Fraud
03 December 2024 at 09:04A special Central Bureau of Investigation (CBI) court in Ahmedabad on Friday convicted two income tax practitioners, Suresh Prajapati and Shobhna Prajapati, for fraudulently obtaining TDS refunds using false or forged certificates.
Income Tax Department Launches State-Wide Searches on Builder Group for Suspected Tax Evasion
03 December 2024 at 09:00In a coordinated operation, multiple teams comprising around 170 Income Tax (I-T) officials launched extensive searches on three interconnected real estate firms on Friday morning.
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