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CA Arrested in Mumbai for False Allegations of Rs 3000 Crore Financial Scam on Social Media

   29 January 2024 at 14:50

In a significant development, the Mumbai police have apprehended a 30-year-old chartered accountant (CA) from Borivali for allegedly spreading false and malicious information on social media regarding a massive financial scam involving a corporate house.

Posted in Professional Resource |   10686 Views


Budget 2024: MSMEs Seek Streamlined GST, Increased Liquidity and Reduced Compliance

   29 January 2024 at 09:06

With February 1 looming on the horizon, stakeholders in the Micro, Small, and Medium Enterprises (MSME) ecosystem have actively communicated their Budget 2024 demands to Finance Minister Nirmala Sitharaman. T

Posted in Union Budget |   2931 Views


GTRI Urges CBIC to Simplify Notifications for Enhanced Industry Understanding

   29 January 2024 at 09:06

In a bid to enhance industry understanding and compliance, the Global Trade Research Initiative (GTRI) has urged CBIC to simplify the complex language used in its notifications regarding customs duties.

Posted in GST |   2214 Views


CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25

   29 January 2024 at 09:05

The Central Board of Direct Taxes (CBDT) has recently issued a crucial notification, marked as Notification No. 16/2024 on January 24, 2024.

Posted in Income Tax |   11145 Views


CBI Nabs GST Superintendent in Rourkela for Alleged Bribe Demand of Rs 50,000

   27 January 2024 at 09:10

In a significant development, a senior GST officer, identified as Superintendent of GST - Amarkant Kumar, has been apprehended by the Central Bureau of Investigation (CBI) in Rourkela, Odisha.

Posted in GST |   2961 Views


Goa Cabinet Approves GST Amendments for Clarity on Casino and Online Gaming Taxation

   27 January 2024 at 09:09

In a significant development, the cabinet has granted approval for amending the Goa Goods and Services Tax Act, 2017, to address ambiguities in the taxability of casinos, horse racing, and online gaming.

Posted in GST |   2784 Views


CBIC Warns Against Hasty GST Notices to Prevent Litigations

   27 January 2024 at 09:08

Potential Litigations Loom as GST Show Cause Notice Deadline Nears

Posted in GST |   6108 Views


Indian Government Permits Direct Listing on International Exchanges at GIFT IFSC

   26 January 2024 at 08:04

Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC

Posted in Corporate Law |   2619 Views


India Inc's Interim Budget Wishlist: GST, Subsidies, Affordable Housing and More

   26 January 2024 at 08:02

Highlighting India's robust economic growth amid a global slowdown, the Confederation of Indian Industry (CII) has presented a comprehensive set of policy recommendations for the upcoming interim Union Budget.

Posted in Union Budget |   4227 Views


Supreme Court: Assessing Officer Bears Burden to Rectify Defects in Tax Returns

   26 January 2024 at 08:01

The Supreme Court on Tuesday clarified that if a tax return is deemed defective, it is the responsibility of the assessing officer to inform the assessee and provide an opportunity for rectification.

Posted in Income Tax |   6000 Views