CAclubindia News

Youth's PAN and Aadhaar Details Used to Set Up Company for GST Fraud

30 June 2023 at 08:56

Hudkeshwar police have registered a case of fraud against Rahul Kamalkumar Jain and his wife Shruti, residents of Parwarpura, Itwari, for allegedly manipulating GST worth crores by misusing documents of a city youth.

Posted in GST | 5556 Views

GST Taxpayers in Gujarat Soar by 124% in Six Years

30 June 2023 at 08:55

The number of active GST taxpayers in Gujarat has increased by 124% in six years, from 5.08 lakh on July 1, 2017, when the new regime came into effect to 11.44 lakh now.

Posted in GST | 4356 Views

GSTN issues advisory on Online Compliance Pertaining to Liability / Difference Appearing in R1 - R3B (DRC-01B)

30 June 2023 at 08:54

Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B)

Posted in GST | 4101 Views

GST Officers Bust 30 Fake Firms, Uncover Rs 50 Crore ITC Scam

29 June 2023 at 16:48

The GST officers have busted a nexus of more than 30 fake firms, who have availed ineligible input tax credit (ITC) of over Rs 50 crore, the Finance Ministry said on Wednesday.

Posted in GST | 4203 Views

TDS/TCS Filing Deadline Extended to 30th Sept for First Quarter of FY 2023-24

29 June 2023 at 08:56

CBDT extends the time limits for submission of certain TDS/TCS Statements. Due date for filing of TDS/TCS statements in Form Nos. 26Q, 27Q & 27EQ for first quarter of FY 2023-24 has been extended to 30th September, 2023.

Posted in Income Tax | 19980 Views

IT Department Cracks Down on Tax-Evading Influencers, Sends Notices to 15

29 June 2023 at 08:54

The Income Tax Department has been cracking down on social media influencers who have been flaunting their overseas holidays and luxury shopping on social media, but paying zero or "substantially low" tax.

Posted in Income Tax | 14160 Views

New TCS rates for LRS remittances to apply from 1st Oct 2023

29 June 2023 at 08:54

No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs. 7 lakh per individual per annum Government gives more time for implementation of revised TCS rates

Posted in Income Tax | 7788 Views

CGST Delhi Busts 30+ Fake Firms, Arrests Key Culprit in Drive Against Fake Registrations

29 June 2023 at 08:52

CGST Delhi West Commissionerate busts nexus of more than 30 fake firms and arrests a person in special drive against fake registrations

Posted in GST | 2877 Views

E-invoicing likely to be mandatory for GST businesses with above Rs 1.5 crore turnover from next year

28 June 2023 at 08:56

According to a recent report, the government is considering making e-invoicing mandatory for GST businessmen with an annual turnover above Rs 1.5 crore from next year.

Posted in GST | 39732 Views

GSTR-3B Filing Deadline Extended in Gujarat's Kutch, Jamnagar, Morbi, Patan and Banaskantha Districts for May 2023

28 June 2023 at 08:55

Due date for filing GSTR-3B for the month of May 2023 has been extended for taxpayers whose principal place of business is located in the districts of Kutch, Jamnagar, Morbi, Patan, and Banaskantha in the state of Gujarat.

Posted in GST | 10347 Views