CAclubindia News


GST council likely to consider decriminalisation of GST law in 17th Dec Meet

   06 December 2022 at 08:40

The GST Council in its next meeting is likely to discuss the decriminalisation of offences under GST law, along with raising the threshold of launching prosecution to Rs 20 crore from Rs 5 crore at present, officials said on Monday.

Posted in GST |   4971 Views


FM Nirmala Sitharaman inaugurates DRI's 65th Founding Day Celebrations

   06 December 2022 at 08:40

The Directorate of Revenue Intelligence (DRI), the apex anti-smuggling intelligence and investigation agency functioning under the aegis of the Central Board of Indirect Taxes and Customs (CBIC), celebrated its 65th Foundation Day at New Delhi.

Posted in Others |   2115 Views


ICAI releases Handbook on Annual Return under GST

   05 December 2022 at 14:49

Handbook on Annual Return under GST

Posted in GST |   8868 Views


Amendments related to CCI, IBC and Companies Act likely to be discussed in Budget 2023 session

   05 December 2022 at 08:32

During the Budget 2023-24 presentation, there will likely be discussions on three major amendments in the parliament.

Posted in Union Budget |   4803 Views


3 booked in Ludhiana for attempt to use fake documents for GST registration

   05 December 2022 at 08:32

Sumandeep Kaur, assistant commissioner, Ludhiana Zone 4, who filed the complaint, stated that the GST department had received three online registration applications for GST registration

Posted in GST |   6216 Views


IT Department issues updated list of banks for tax payments

   03 December 2022 at 08:39

List of banks for tax payments available at e-Pay Tax service at e-Filing Portal and OLTAS ePayment of Taxes at Protean (previously NSDL)

Posted in Income Tax |   10362 Views


Computation of ITC updated by GSTN based on returns filed by suppliers upto 30th Nov 2022

   02 December 2022 at 08:39

GSTN has updated the below instructions on GST Portal Annual return in Form GSTR-9 once filed cannot be revised. Computation of ITC has been made based on GSTR-1/IFF/GSTR-5 filed by your corresponding suppliers upto November 30, 2022. GSTR-1/IFF/GSTR

Posted in GST |   9300 Views


IT department moves to resolve tax refund issues quickly

   02 December 2022 at 08:39

The income-tax department has issued instructions to ensure taxpayer grievances about adjustment of tax dues against pending refunds are resolved quickly to check avoidable litigation.

Posted in Income Tax |   7056 Views


GST revenue collections jumped 11% at Rs. 1.46 lakh crore in Nov 2022

   02 December 2022 at 08:39

Rs. 1,45,867 crore gross GST revenue collected for November 2022, records increase of 11% Year-on-Year

Posted in GST |   5925 Views


Chhattisgarh: Pvt firm director, employee held for GST fraud in Raipur

   01 December 2022 at 08:56

The director and accountant of a private firm were arrested in Chhattisgarh's Raipur on Tuesday for evasion of the Good and Services Tax (GST) by passing on fake input tax credit (ITC) of Rs 1.92 crore, an official said on Tuesday.

Posted in GST |   4011 Views