CAclubindia News
Artisan Shocked by Rs 114 Crore Income Tax Notice, Fraudulent Firm Behind the Scam
30 October 2024 at 08:46In a startling case of identity theft and fraud, a zari artisan from Bareilly, Uttar Pradesh, who earns just Rs 400 to Rs 500 a day, has received an income tax notice for arrears amounting to Rs 114 crore.
Tax Experts Propose Reforms for Quicker Disposal of Pending Appeals and Reduced Compliance Burden
30 October 2024 at 08:42Tax experts are calling for significant reforms, including faster resolution of pending cases at the Commissioner of Income Tax (Appeals) level
GST Returns to Be Barred After Three-Year Deadline
29 October 2024 at 17:23GST Filing Changes: No Returns Accepted After Three Years Under New Finance Act
DGGI Uncovers Rs 8000 Crore Fake GST Firm Scam Involving Pune-Based Auto Rickshaw Driver
29 October 2024 at 09:04The Directorate of GST Intelligence (DGGI) has uncovered a massive fake GST firm scam worth between Rs 5,000 and Rs 8,000 crores.
GST a "Classical Example of Cooperative Federalism," Says CJI D Y Chandrachud
29 October 2024 at 09:01Chief Justice of India (CJI) D Y Chandrachud emphasized the significance of cooperative federalism in the governance of India, calling the introduction of the Goods and Services Tax (GST) a "classical example" of this system.
Manpower Supply to Foreign Firms for Work in India Will Attract GST: UPAAR Ruling
29 October 2024 at 09:00In a recent ruling, the Uttar Pradesh Authority for Advance Ruling (UPAAR) stated that the supply of manpower for work in India to foreign clients, who have no permanent establishment in the country, will not be treated as an export of services and w
Karnataka and Tamil Nadu Rank Among Top 5 States in Direct Tax Collections
29 October 2024 at 08:58In a recent report by the State Bank of India (SBI), Karnataka and Tamil Nadu have emerged as key contributors to India's direct tax collections, ranking second and fourth, respectively.
Mumbai Customs Zone Issues Advisory Implicating Customs Brokers as Co-Noticees in Interpretative Disputes
28 October 2024 at 08:51The Mumbai Customs Zone-II issued Advisory No. 02/2024 on October 23, 2024, making Customs Brokers co-noticees in cases involving interpretative disputes to ensure compliance.
CBIC Issues Corrigendum to Clarify Provisions Under Section 16 of CGST Act, 2017
28 October 2024 at 08:48The CBIC issued a corrigendum on October 25, 2024, to Circular No. 237/31/2024-GST, addressing implementation issues related to Section 16(5) and 16(6) of the CGST Act, 2017.
GST Panel Recommends Raising Affordable Housing Price Limit to Rs 56 Lakh Nationwide
28 October 2024 at 08:45A government panel is considering raising the affordable housing price limit from ₹45 lakh to ₹56 lakh for the 1% GST rate, potentially making homes more affordable across India.
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