CAclubindia News
CBIC Mandates Strict Reviews of Govt Employees, Potential for Early Retirement
24 August 2024 at 15:40The Central Board of Indirect Taxes (CBIC) has issued a directive to all divisional heads to rigorously follow the guidelines set by the Department of Personnel and Training (DoPT) concerning the periodic review of government employees.
IndiGo to Challenge Rs 3.5 Lakh Penalties Over ITC Issue
24 August 2024 at 08:57IndiGo plans to challenge two GST penalty orders totalling Rs 3,50,299 related to input tax credit claims for FY 2017-18 in Odisha and Kerala.
GST Notices Worth Over Rs 80,000 Crore Issued for Assessment Years 2018-22
24 August 2024 at 08:55The Directorate General of GST Intelligence has issued over 20,000 notices nationwide for AY 2017-18 to AY 2021-22, demanding Rs 80,000 crore. Notices target tax shortfalls, ITC reversal, and legal interpretation issues.
GST Portal Introduces RCM Liability/ITC Statement
24 August 2024 at 08:52To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC Statement" has been introduced on the GST Portal.
GSTN Issues Advisory for Furnishing Bank Account Details Before Filing GSTR-1/IFF
24 August 2024 at 08:51Advisory for furnishing bank account details before filing GSTR-1/IFF Notification No. 38/2023 - Central Tax New Delhi, the 4th August, 20231.
SEBI Bars Anil Ambani and 24 Entities from Securities Market for 5 Years over Fund Diversion Scandal
23 August 2024 at 14:18In a landmark ruling, the SEBI has barred industrialist Anil Ambani and 24 other entities from participating in the securities market for five years.
FM Sitharaman Pushes for RRBs to Boost Credit Flow to MSMEs in Cluster Areas
23 August 2024 at 09:08Union Finance Minister Smt. Nirmala Sitharaman chairs meeting to review performance of nine Regional Rural Banks (RRBs) of Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh and Rajasthan, in Udaipur, todaySmt. Sitharaman urges RRBs to generate aware
FM Sitharaman: Increase in Tax Collections Reflect India's Growing Economic Formalization
23 August 2024 at 09:03FM Nirmala Sitharaman, presided over the 165th anniversary of Income Tax Day, observed by the Central Board of Direct Taxes (CBDT) in New Delhi.
Income Tax Department directs officers to focus on top 5,000 cases
23 August 2024 at 09:02In a significant move to bolster tax recovery and reduce litigation, the Income Tax Department has directed its officers to concentrate on the top 5,000 cases, which account for a staggering Rs 43 lakh crore in tax demand.
Income Tax Department Processes Nearly 4 Crore ITRs in Just 15 Days
22 August 2024 at 15:02In a remarkable feat of digitisation, the department has processed nearly 4 crore income tax returns (ITRs) for Assessment Year (AY) 2024-25 in just 15 days.
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