CAclubindia News

Income Tax Department Issues Update On Option for Filing ITR-U u/s 139(8A)

09 March 2024 at 09:11

The Income Tax Department unveiled a crucial update on March 7, 2024, pertaining to the submission of Updated Income Tax Returns (ITR) under section 139(8A) of the Income Tax Act 1961.

Posted in Income Tax | 4398 Views

GSTN issues Advisory On Integration of E-Waybill system with New IRP Portals

09 March 2024 at 09:10

The Goods and Services Tax Network (GSTN) has issued a crucial advisory aimed at facilitating the smooth integration of the Electronic Waybill (E-Waybill) system with the newly revamped Invoice Registration Portal (IRP).

Posted in GST | 5499 Views

CA Foundation and Intermediate Exams to be held Thrice a Year

08 March 2024 at 09:18

In a historic decision taken by ICAI, Intermediate & Foundation course examinations will now be held thrice a year, in the month of January, May/June and September.

Posted in Students | 22872 Views

GST Council Meeting Deferred Until Formation of New Government

08 March 2024 at 09:12

In recent months, the GST Council, tasked with pivotal tax-related deliberations, has encountered challenges in adhering to its mandated schedule

Posted in GST | 720 Views

CGST Commissionerate Uncovers Rs 1,000 Crore Tax Credit Fraud, 3 Arrested in Meerut

08 March 2024 at 09:10

Meerut CGST Commissionerate busts syndicate that fraudulently claimed Input Tax Credit of over Rs. 1,000 crore through a network of 232 fake firms, 3 arrested ..

Posted in GST | 825 Views

CBDT Provides Clarity on Finance Act 2023 Provisions for Trust Donations

07 March 2024 at 09:16

CBDT clarifies provisions under Finance Act 2023 relating to donations made by a trust/institution to another trust/institution for purposes of the application of income

Posted in Income Tax | 1 comments | 5229 Views

Centre Petitions Supreme Court for Consolidation of GST Cases by Money Gaming Companies

07 March 2024 at 09:14

The Union Government has initiated legal action by filing a transfer petition before the Supreme Court, aiming to consolidate all pending cases challenging GST notices issued to real money gaming companies across various High Courts.

Posted in GST | 1152 Views

GSTN Expands Payment Options with Addition of DCB Bank Limited

07 March 2024 at 09:14

The Goods and Services Tax Network (GSTN) has taken a significant stride towards enhancing payment convenience for taxpayers by incorporating DCB Bank Limited into its roster of banks on the GST Portal.

Posted in GST | 387 Views

MSME Payment Rule Enforcement Set for April 1, Confirms Finance Ministry Officials

07 March 2024 at 09:12

One senior finance ministry official clarified, "Companies need to make payments to the MSME sector within 45 days, as per the Finance Act 2023, effective from April 1, 2024.

Posted in Income Tax | 1 comments | 71898 Views

MCA sets 6th March 2024 as Enforcement Date for Competition Act Amendments

07 March 2024 at 09:11

Through Notification No. S.O. 1065(E), dated March 05, 2024, the MCA has designated March 6, 2024, as the effective date for the implementation of crucial provisions outlined in sections 20, 35, and 40 of the Competition (Amendment) Act, 2023.

Posted in Corporate Law | 3171 Views