CAclubindia News

New Income Tax Regime Faces Potential Tweaks for Further Enhancements

15 January 2024 at 08:31

Government sources, speaking on condition of anonymity, reveal that any further shift of taxpayers to the concessional personal income tax regime might necessitate additional tweaks for increased attractiveness.

Posted in Income Tax | 5499 Views

Income Tax Raid on 4 Noida Builders Yields Rs 1500 Crore Unaccounted Cash

15 January 2024 at 08:28

40 Teams, 250 Officials Deployed in Intensive 6-Day Search on Bhutani Infra, Group 108, Advent, and Logix

Posted in Income Tax | 7140 Views

Gujarat HC Demands Accountability from GST Officials for Cryptic Notices

15 January 2024 at 08:27

The Gujarat High Court has taken a stern stance on the cryptic nature of notices surrounding the cancellation and suspension of GST registrations, demanding the presence of three senior officials from both the state and central GST departments

Posted in GST | 5430 Views

Cabinet Grants Approval for Two-Winged Transformation of State Taxes and Excise Administration

13 January 2024 at 16:28

In a groundbreaking decision aimed at bolstering administrative efficiency, the Cabinet has granted approval for the restructuring of the State Taxes and Excise department.

Posted in GST | 3333 Views

LIC Receives Rs 3529 Crore GST Demand Notice From Mumbai Tax Authority

13 January 2024 at 09:01

LIC has been served a GST demand notice of Rs 3,529 crore by Mumbai's tax authorities. This comes in addition to a series of notices received earlier this month, totaling significant amounts and spanning various states.

Posted in GST | 3180 Views

Hindustan Zinc Faces Rs 12.7 Crore GST Notice

13 January 2024 at 08:59

Hindustan Zinc disclosed on Friday that it has received a goods and services tax (GST) notice from the Principal Commissioner, Central Excise & CGST Commissionerate, citing an "interpretational issue."

Posted in GST | 3207 Views

Interim Budget 2024: Government Eyes Simplification of Withholding Tax Provisions

13 January 2024 at 08:59

In a significant move aimed at simplifying the tax framework and fostering a business-friendly environment, India is undergoing a comprehensive review of its withholding tax provisions.

Posted in Union Budget | 2961 Views

Vodafone Idea Faces Rs 13.16 Crore Penalty in GST Case

12 January 2024 at 14:09

In a recent regulatory filing on Thursday, Vodafone Idea disclosed that the GST additional commissioner's office in Chandigarh has imposed a hefty penalty of Rs. 13.16 crore on the telecom giant.

Posted in GST | 4053 Views