CAclubindia News

CBDT Report Highlights Need to Address Repeat Penalties for Undisclosed Foreign Assets

28 November 2024 at 09:17

A group of income-tax officials has submitted a detailed report to the CBDT, recommending significant changes to enhance the enforcement of the Black Money and Imposition of Tax Act, 2015.

Posted in Income Tax | 2121 Views

Govt Collects Rs 4,792 Crore GST on Education Services in FY24

28 November 2024 at 09:13

The government collected a significant ₹4,792 crore in Goods and Services Tax (GST) from the education sector during the financial year 2023-24.

Posted in GST | 1674 Views

GST Due Date for Oct 2024 Extended to 30th Nov for Manipur Taxpayers

28 November 2024 at 09:13

The Ministry of Finance (Department of Revenue), through the Central Board of Indirect Taxes and Customs (CBIC), has issued Notification No. 29/2024 – Central Tax dated November 27, 2024.

Posted in GST | 2241 Views

GSTN Issues Advisory on Authorised e-Invoice Verification Apps

28 November 2024 at 09:12

GSTN has prepared a consolidated document on authorized B2B e-invoice verification apps available for download.

Posted in GST | 1926 Views

GSTN Introduces Biometric Aadhaar Authentication for GST Registration in Madhya Pradesh

28 November 2024 at 09:11

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Madhya Pradesh

Posted in GST | 588 Views

45-Day Payment Policy for MSMEs Receives Endorsement from Industry Associations, FinMin Reveals

28 November 2024 at 09:10

The revised Section 43B of the Income-tax Act, 1961, introduced in the Union Budget last year, has been widely endorsed by MSME associations across India, said Pankaj Chaudhary, Minister of State for Finance, in the Lok Sabha on Monday.

Posted in Income Tax | 894 Views

Finance Ministry's October Review Highlights 'Cautiously Optimistic' Economic Outlook for Coming Months

28 November 2024 at 09:10

The Indian Finance Ministry, in its monthly economic review for October, has expressed a "cautiously optimistic" outlook for the country's economy in the coming months.

Posted in Corporate Law | 468 Views

PAN 2.0 and TAN Services: A Unified Portal for Seamless Financial Integration

28 November 2024 at 09:10

The Permanent Account Number (PAN) has long been a cornerstone of India's financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and compliance.

Posted in Income Tax | 1896 Views

ICAI Proposes Mandatory Qualifications for Forensic Audit Professionals

27 November 2024 at 09:14

The Institute of Chartered Accountants of India (ICAI) is taking a significant step toward strengthening forensic auditing practices by drafting guidelines to introduce mandatory qualifications for forensic auditors.

Posted in Audit | 14700 Views

GST Collections from Healthcare and Life Insurance Raised Over Rs 16000 Crore in FY24

27 November 2024 at 09:10

The Goods and Services Tax (GST) revenue from healthcare and life insurance services surged to ₹16,398 crore in FY24, according to Minister of State for Finance, Pankaj Chaudhary, in a statement to the Lok Sabha.

Posted in GST | 1587 Views