CAclubindia News


Income Tax Department Urges Taxpayers to File ITRs for AY 2023-24

   21 December 2023 at 07:01

The Income Tax Department has issued an update, stating that the last date to file the return of income for the Assessment Year 2023-24 (Financial Year 2022-23) under section 139(4) or 139(5) of the Income Tax Act is December 31, 2023.

Posted in Income Tax |   2892 Views


FM Affirms Prospective Implementation of Valuation Rules for GST on E-Gaming Platforms

   21 December 2023 at 07:00

Finance Minister Nirmala Sitharaman addressed the Lok Sabha on Tuesday, providing clarity on the application of the 28% Goods and Services Tax (GST) on entry-level bets on online gaming platforms.

Posted in GST |   3681 Views


Uttarakhand GST Department files 3,500-page charge sheet in illegal timber trade case

   21 December 2023 at 06:58

The Special Investigation Bureau (SIB) of the Uttarakhand GST department has recently filed a comprehensive 3,500-page charge sheet against Shahnawaz Hussain, the alleged mastermind behind a large-scale illegal timber trade operation.

Posted in GST |   2451 Views


Taxpayers Granted Option to Shift Cases to GST Tribunal for Swift Resolutions

   20 December 2023 at 14:54

FM Nirmala Sitharaman addressed the Lok Sabha on December 19, 2023, shedding light on crucial amendments to the central Goods and Services Tax (GST) law and related bills.

Posted in GST |   2460 Views


UltraTech Cement Receives GST Demands and Penalties Exceeding Rs 20 Lakh

   20 December 2023 at 14:51

UltraTech Cement Faces GST Challenges: Receives Orders Totaling Rs 18.3 Crore in Demand, Interest and Penalties

Posted in GST |   2664 Views


BCCI denied Tax Exemption under Section 11 of IT Act

   20 December 2023 at 09:49

On Monday, the Minister of State for Finance, Pankaj Chaudhary announced that the Income Tax Department has denied tax exemption to the Board of Control for Cricket (BCCI) in India u/s 11 of the Income Tax Act.

Posted in Income Tax |   8388 Views


RBI imposed Rs 40.39 crore worth of Penalties on Banks, NBFCs & Others in FY 2022-23

   20 December 2023 at 09:46

Minister of State for Finance Bhagwat Karad disclosed that the RBI has imposed penalties totaling Rs 40.39 crore on various financial entities, including banks, NBFCs and others, during the FY 2022-23.

Posted in Others |   4977 Views


Government Exceeds Tax Target With Strong Direct Tax, GST

   20 December 2023 at 09:45

Government is on track to exceed its total tax collection target for the current financial year, with direct tax and GST collection data suggesting potential it is more than enough

Posted in GST |   1992 Views


Lok Sabha Passes Bill Extending Eligibility for President and Members of GSTAT

   20 December 2023 at 09:14

The Lok Sabha passed a bill to raise the age limit of the chairman and members of the GST Appellate Tribunal

Posted in GST |   4668 Views


SC quashes GST department's plea against HC order on ITC

   19 December 2023 at 07:15

Supreme Court Dismisses GST Department's Plea, Upholding High Court Ruling on Input Tax Credit

Posted in GST |   14811 Views



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