CAclubindia News

Sales Tax Inspector Arrested in Nagpur for Attempted Extortion of Rs 15 Lakh from GST Tribunal Judge

04 September 2023 at 08:40

An inspector with the state sales tax department in Nagpur, Maharashtra, has been arrested for allegedly attempting to extort Rs 15 lakh from a judge of the Goods and Services Tax (GST) tribunal.

Posted in GST | 4881 Views

Former CM Chandrababu Naidu Gets Rs 118 Crore IT Notice

02 September 2023 at 08:53

The Income Tax department has taken a significant step by issuing a show-cause notice to N. Chandrababu Naidu, the former Chief Minister and Telugu Desam supremo.

Posted in Income Tax | 15321 Views

RBI Reports 93% Return Rate for Rs 2000 Notes in Circulation

02 September 2023 at 08:51

As of August 31, 2023, 93% of the ₹2000 banknotes in circulation as on May 19, 2023, have been returned. The total value of the returned notes is ₹3.32 lakh crore

Posted in Others | 4983 Views

CBDT Introduces Form 71 for TDS Credit on Previously Reported Income in ITRs

02 September 2023 at 08:50

CBDT notified Form 71 on August 30, 2023, to enable taxpayers to claim TDS credit for income that has been declared in their ITRs for a previous assessment year, but the TDS in a subsequent financial year.

Posted in Income Tax | 33252 Views

CBDT releases the fifth annual APA report

02 September 2023 at 08:48

CBDT records signing of 95 APAs in FY 2022-23, the highest ever in any financial year since the launch of the APA programme

Posted in Income Tax | 3588 Views

August 2023 GST Collection Hits Rs 159069 Crore Mark, Registers 11% YoY Surge

02 September 2023 at 08:47

₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth

Posted in GST | 5169 Views

ICAI President on Institute's Role in Fostering Responsible Financial Reporting and Global Leadership

01 September 2023 at 08:53

Let's have a look at some of the significant developments that took place since our last communication

Posted in Professional Resource | 16782 Views

GSTN releases Advisory on Reporting of ITC Reversal Opening Balance

01 September 2023 at 08:51

GSTN has issued an important advisory on reporting of ITC reversal opening balance.

Posted in GST | 6195 Views

GSTN introduces a new ledger named Electronic Credit and Re-claimed Statement

01 September 2023 at 08:50

Introducing Electronic Credit Reversal and Re-claimed statement on GSTN

Posted in GST | 17664 Views

FirstCry Founder Under Investigation for Suspected $50 Million Tax Evasion

31 August 2023 at 08:55

The Income Tax department of India is probing an alleged tax evasion of $50 million by Supam Maheshwari, the founder of FirstCry, an online retailer of baby and child products.

Posted in Income Tax | 13377 Views