CAclubindia News


Labourer Earning Rs 10K Per Month Shocked by Rs 2 Crore Income Tax Notice, Advised to File Appeal

   27 September 2024 at 14:24

In a shocking case of bureaucratic oversight, a labourer from Bihar’s Gaya district, Rajiv Kumar Verma, has been served an income tax notice for over Rs 2 crore.

Posted in Income Tax |   1827 Views


MCA Introduces Measures to Address Concerns and Guide Stakeholders on MCA21 Portal Compliance

   27 September 2024 at 09:16

Measures by MCA to address concerns and guide stakeholders for compliances on MCA21 Portal

Posted in Corporate Law |   612 Views


GoM Proposes GST Cut on Educational Materials, Hike for High-Value Apparel

   27 September 2024 at 09:15

The Group of Ministers (GoM) on GST rate rationalisation, in its meeting held in Goa on Wednesday, expressed support for reducing the GST rate on education materials from 12% to 5% to provide relief to a broad section of the population.

Posted in GST |   429 Views


GoM Fails to Reach Consensus on GST Rate Rationalisation, Over 100 Items Reviewed

   27 September 2024 at 09:11

The Group of Ministers (GoM) on GST rate rationalisation, which convened in Goa on Wednesday, reviewed GST rates for over 100 items, including textiles, handloom goods, agricultural products, fertilisers, and educational materials.

Posted in GST |   930 Views


GoM Meeting: No Final Decision on GST Rate Cut for Life and Health Insurance

   27 September 2024 at 09:09

The GoM meeting held on 25th September 2024, ended without a final decision on the proposal to reduce GST rates on life and health insurance.

Posted in GST |   960 Views


GoM Meeting in Goa Decides No Further GST Exemptions for Long-Term Land Leases

   27 September 2024 at 09:07

The fourth meeting of the Group of Ministers (GoM) on boosting the real estate sector, hosted by Goa Chief Minister Pramod Sawant on September 24, 2024, concluded with a key decision to maintain the existing Goods and Services Tax (GST) regime.

Posted in GST |   552 Views


GSTN Issues Advisory on Issuance of Notices/Orders without Digital Signatures of the Issuing Authorities

   27 September 2024 at 09:04

Doubts have been created regarding the validity of documents issued by the tax officers on the common portal viz. Show cause Notices

Posted in GST |   3297 Views


EY Employee's Death Sparks Outcry Over Unpermitted Operations of Pune Office Since 2007

   26 September 2024 at 13:18

The recent dreadful mishap where 26-year-old Anna Sebastian Perayil died at the Ernst & Young (EY) office in Pune raises many questions about the workplace practices of the accounting firm.

Posted in Students |   3588 Views


MCA Notifies Companies (Accounts) Amendment Rules, 2024

   26 September 2024 at 09:21

On September 24, 2024, the Ministry of Corporate Affairs (MCA) issued Notification No. G.S.R. 587(E), introducing significant amendments through the Companies (Accounts) Amendment Rules, 2024.

Posted in Corporate Law |   20091 Views


GSTN CEO Confirms Completion of Design Architecture for B2C E-Invoicing for Retailers

   26 September 2024 at 09:20

The design architecture for implementing GST e-invoicing for retailers is nearly finalized and undergoing expert review, according to GST Network CEO Manish Kumar Sinha.

Posted in GST |   5130 Views



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