CAclubindia News

CBDT Appoints Deputy Director General of UIDAI as Authority u/s 138 of the IT Act

23 November 2023 at 08:48

The Central Board on Direct Taxes (CBDT) has designated the Deputy Director General (Tech Development Division) of the Unique Identification Authority of India (UIDAI) as an authority under Section 138 of the Income Tax Act, 1961.

Posted in Income Tax | 2592 Views

CGST Delhi East Cracks Down on Syndicate with 48 Fake Firms, Arrests 3 in Rs 199 Crore ITC Fraud

23 November 2023 at 08:47

The Central Goods and Services Tax (CGST) Delhi East Commissionerate has busted a syndicate of 48 interconnected fake firms availing fraudulent ITC of over ₹199 crores in "Operation Clean Sweep".

Posted in GST | 2466 Views

GSTN Official Reveals Delays in Implementing Faceless Scrutiny Assessment under GST

23 November 2023 at 08:46

A senior official revealed that the Goods and Services Tax (GST) authorities are contemplating the introduction of a faceless scrutiny assessment for tax returns.

Posted in GST | 2973 Views

Zomato and Swiggy Hit with Rs 750 Crore GST Demand Notices by DGGI

23 November 2023 at 08:45

In a significant development, the Directorate General of GST Intelligence (DGGI) has taken action against leading food aggregators Zomato and Swiggy, issuing Goods and Services Tax (GST) demand notices, according to a report on Wednesday.

Posted in GST | 7278 Views

IT Department Unearths Rs 10,000 Crore Tax Evasion by Online Sellers on Instagram and Facebook

23 November 2023 at 08:44

Income Tax department has uncovered a major tax evasion scandal, amounting to nearly Rs 10,000 crore over a three-year period, involving e-tailers selling goods through popular social media platforms such as Instagram and Facebook.

Posted in Income Tax | 7353 Views

CBDT Issues Corrigendum for SFT Guidelines on Mutual Fund Transactions by Registrar & Share Transfer Agent

22 November 2023 at 08:48

CBDT issued a Corrigendum to Notification No. 4 of 2021 dated November 15, 2023, concerning the Format, Procedure, and Guidelines for the submission of the SFT for Mutual Fund Transactions by Registrar & Share Transfer Agent.

Posted in Income Tax | 4719 Views

SC Seeks Explanations as Finance Ministry, GST Council and CBIC Fail to Submit Replies

22 November 2023 at 08:47

In a significant development in the ongoing legal battle concerning the permission for filing revised returns under the GST regime

Posted in GST | 1 comments | 6315 Views

TCS Exemption for Rs 7 Lakh International Card Spend Expected in Interim Budget

21 November 2023 at 08:51

Anticipated Tax Relief: Government Set to Exempt Overseas Card Spending from TCS Up to ₹7 Lakh

Posted in Income Tax | 5250 Views

Deadline Approaching for Accurate Declaration of ITC in GST

21 November 2023 at 08:51

In a significant announcement, the State Goods and Services department has informed taxpayers that November 30, 2023, marks the final date for availing ITC

Posted in GST | 19188 Views

GST Net Expands its Reach for Real Estate Firms

21 November 2023 at 08:50

DGGI has initiated a series of notices targeting various real estate companies, urging the payment of GST for a range of transactions involving group companies or joint venture partners.

Posted in GST | 2748 Views