CAclubindia News

Income Tax Department issues Advisory on Bank Account Validation Status for Refunds

15 September 2023 at 08:51

Income Tax Department issued an advisory on September 13, 2023, regarding the validation status of bank account numbers for refunds.

Posted in Income Tax | 19713 Views

40 online gaming companies likely to receive GST evasion notices

15 September 2023 at 08:50

About 40 online gaming companies, including Gameskraft Technology Private Limited (GTPL), are under investigation for alleged tax evasion.

Posted in GST | 3960 Views

State Benches of GST Appellate Tribunal Officially Notified

15 September 2023 at 08:49

Central Government has notified the State Benches of the GST Appellate Tribunal (GSTAT) on September 14, 2023. The notification was published in the Gazette of India.

Posted in GST | 10725 Views

Income Tax Department Conducts Raids on Azam Khan's Trusts and Properties

14 September 2023 at 14:06

The Income-tax department carried out raids at more than 30 premises in Uttar Pradesh and Madhya Pradesh. These raids are part of a tax evasion investigation involving Samajwadi Party leader Azam Khan and individuals associated with him.

Posted in Income Tax | 3351 Views

CBDT Grants Sec 47(viiab) Exemption to Investment Trust Units and IFSC ETFs

14 September 2023 at 08:53

The CBDT (Central Board of Direct Taxes) has amended the notification No. 16/2020 dated 05-03-2020 to enhance the scope of section 47(viiab) exemption.

Posted in Income Tax | 3273 Views

Cabinet Grants Approval for Amendments to Meghalaya GST Act 2017

14 September 2023 at 08:52

Meghalaya Cabinet has approved amendments to the Meghalaya Goods and Services Tax Act, 2017. The amendments were approved on September 13, 2023.

Posted in GST | 4914 Views

Auto Industry Breathes Sigh of Relief as Gadkari Clarifies Diesel GST Plan

13 September 2023 at 08:48

There was some confusion and misreporting regarding the potential imposition of an additional 10% GST on diesel vehicles in India.

Posted in GST | 7731 Views

SC Ruling on Gameskraft GST Case: Game Changer for India's Gaming Industry

13 September 2023 at 08:44

The legal case involving Gameskraft and the alleged Rs 21,000 crore Goods and Services Tax (GST) evasion is significant for the broader real-money gaming industry in India.

Posted in GST | 9567 Views

CBIC Resolves Over 11,000 Public Grievances and Launches Swachhata Campaign 2.0

13 September 2023 at 08:44

CBIC disposes off 11,284 public grievances and more than 2,082 public grievance appeals between Nov. 2022 and August, 2023, besides 195 outdoor campaigns across all CBIC field offices under Special Campaign 2.0 for Swachhata

Posted in GST | 3030 Views

GST Authority Sets 30-Day Invoice Reporting Deadline for High-Turnover Taxpayers Starting 1st Nov 2023

12 September 2023 at 08:46

The GST Authority has imposed a time limit of 30 days for reporting invoices from the date of invoice on e-invoice portals for taxpayers with an Aggregate Annual Turnover (AATO) equal to or exceeding 100 crores.

Posted in GST | 16116 Views