CAclubindia News
CBIC Issues Key Instruction on Systemic Improvements for Officer Mapping/De-Mapping on GSTN Portal
05 October 2024 at 09:14The Central Board of Indirect Taxes and Customs (CBIC), via Instruction No. 04/2024-GST dated October 4, 2024, has announced significant systemic improvements to streamline the mapping and de-mapping of officers on the GSTN portal.
FM Sitharaman Directs IT Dept to Review Lost Cases at High Courts, Supreme Court for Key Insights
04 October 2024 at 09:15Union Finance Minister Nirmala Sitharaman has directed the Income Tax Department to analyze court cases it has lost over the past decade to derive lessons and minimize litigation disputes, official sources reported on Monday.
CBDT Issues Procedure for Declaration and Undertaking in Form-1 under Direct Tax Vivad Se Vishwas Rules, 2024
04 October 2024 at 09:14CBDT, through the Directorate of Income Tax (Systems), Bengaluru, has issued an important procedure for taxpayers making declarations and furnishing undertakings in Form-1 under Rule 4 of the Direct Tax Vivad Se Vishwas Rules, 2024.
Supreme Court Allows GST ITC on Construction Costs for Buildings Essential for Rental Services
04 October 2024 at 09:12On October 3, 2024, the Supreme Court ruled that buildings essential for supplying services such as renting may qualify for the "plant" exception under Section 17(5)(d) of the Central Goods and Services Tax (CGST) Act.
ICAI Extends MEF 2024-25 Submission Deadline to October 21
04 October 2024 at 09:11ANNOUNCEMENT FOR EXTENSION OF LAST DATE FOR SUBMITTING MEF 2024-25 FROM 07th OCTOBER TO 21st OCTOBER, 2024
Major Win for Tax Department: Supreme Court Ruling to Impact 90,000 Reassessment Notices
03 October 2024 at 15:25In a landmark decision, the SC ruled on Thursday that the Income Tax Act must be interpreted with the amended provisions effective from 1st April 2021. This ruling directly impacts approximately 90,000 reassessment notices
CBDT Issues Circular on Condonation of Delay for ITR Refunds and Loss Carry Forward Claims
03 October 2024 at 09:05CBDT issued Circular No. 11/2024 on October 1, 2024, establishing new guidelines for condoning delays in filing income tax returns (ITRs) claiming refunds or carrying forward losses under Section 119(2)(b) of the Income-tax Act, 1961
RBI: 98% of Rs 2,000 Notes Returned Following Withdrawal Order
03 October 2024 at 09:01The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023.
ICAI Marks Global Ethics Day with a Renewed Focus on Professional Integrity
03 October 2024 at 09:01Ethics build the foundation, integrity fortifies it, and professionalism turns it into a legacy that inspires trust.
GST Tribunal Takes Over: No New Anti-Profiteering Cases from FY26
03 October 2024 at 08:58From April 1, 2025, the anti-profiteering mechanism under the Goods and Services Tax (GST) regime will cease to operate, marking a significant change for businesses and consumers.
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