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GST Department Slaps Yes Bank with Rs 24 Lakh Penalty

   29 August 2024 at 09:14

The Yes Bank has been penalized by the Goods and Services Tax (GST) Department, Maharashtra that raised demand for disallowance of input tax credit (ITC) along with interest and also demand for penalty of Rs. 24,92,978/-.

Posted in GST |   4056 Views


ICICI Prudential Receives Rs 429 Crore GST Demand Notice for FY 2020

   29 August 2024 at 09:13

Maharashtra Deputy Commissioner of State Tax has issued a GST demand notice of Rs 429 crore to ICICI Prudential on Tuesday disclosed the company on the stock exchange on Wednesday.

Posted in GST |   1161 Views


SIT on black money to submit interim report to Supreme Court within 15 days

   29 August 2024 at 09:11

The Supreme Court constituted Special Investigation Team (SIT) on black money will present the ninth interim report to the Supreme Court within 15 days, said the vice-chairman of the SIT, Justice retired Arijit Pasayat here on Monday.

Posted in Income Tax  1 comments |   2271 Views


FM Sitharaman Clarifies: No NPS Rollback, UPS Aims to Improve It

   28 August 2024 at 17:41

In a media briefing session held a few days ago, Union Finance Minister Nirmala Sitharaman shed more light on the newly rolled-out Unified Pension Scheme (UPS) to state that, the exercise of the scheme is in fact an optional one.

Posted in Income Tax |   2277 Views


GST Council to Review Rate Rationalization on 9th September, Final Decision Pending: FM Sitharaman

   28 August 2024 at 14:48

A detailed rate rationalization proposal will be discussed at the September 9 Council meeting, with further deliberations anticipated by the end of September.

Posted in GST  1 comments |   657 Views


Fake CA Defrauds Businessman of Rs 1.3 Crore in GST Scam

   28 August 2024 at 09:00

Aftab Memon, a man impersonating a Chartered Accountant, was arrested on Friday for defrauding a South Mumbai businessman of Rs 1.3 crore.

Posted in GST |   7488 Views


Trade Bodies Urge GST Act and Rule Simplification Ahead of GST Council Meeting

   28 August 2024 at 08:59

The Agro Food Chamber of Commerce and Industry has called for an urgent simplification of the Goods and Services Tax (GST) Act and rules, highlighting the need to prioritize this issue in the upcoming GST Council meeting.

Posted in GST  2 comments |   3474 Views


ICAI Announces Relaxation for Certain CA Final Nov 2024 Candidates in Self-Paced Online Modules - Set C & Set D

   28 August 2024 at 08:59

Relaxation to certain categories of candidates in connection with November 2024 CA Final Exam from appearing in Self Paced Online Module Set C & Set D

Posted in Students |   10077 Views


Non-Linked PANs Trigger Tax Demands, Putting Firms in a Tight Spot

   27 August 2024 at 14:45

Firms face challenges as the Income Tax Department issues demand notices for short deduction of tax due to unlinked PAN-Aadhaar.

Posted in Income Tax  1 comments |   4122 Views


Income Tax Return Statistics for AY 2023-24

   27 August 2024 at 14:43

The objective of publishing these statistics is to encourage wider use and analysis of Incometax data by Departmental personnel and academicians.

Posted in Income Tax |   7155 Views



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