CAclubindia News

RBI Unveils Clarifications on Appointment Guidelines for SCAs/SAs in Banks and NBFCs

28 December 2023 at 15:23

Clarification regarding Guidelines issued by RBI for Appointment of SCAs/SAs of Commercial Banks (Excluding RRBs), UCBs and NBFCs (including HFCs)

Posted in Others | 2157 Views

Delhi HC Upholds Constitutional Validity of Section 115BBE of Income Tax Act

28 December 2023 at 14:53

In a significant verdict, the Delhi High Court, led by Acting Chief Justice Manmohan and Justice Mini Pushkarna, has upheld the constitutional validity of Section 115BBE of the Income Tax Act.

Posted in Income Tax | 2451 Views

Zomato Faces Rs 402 Crore GST SCN for Alleged Non-payment on Customer Delivery Charges

28 December 2023 at 09:24

On December 28, Zomato Ltd, the popular online food delivery platform, revealed that it received a show cause notice (SCN) from the Goods and Services Tax (GST) office.

Posted in GST | 8598 Views

GSTN Expands Payment Options: Adds 2 New Banks, Totaling 25 for GST Transactions

28 December 2023 at 09:21

The Goods and Services Tax Network ("GSTN") has added 2 new banks Karnataka Bank Limited and RBL Bank Limited, bringing the total number of banks accepting GST payments to 25.

Posted in GST | 2868 Views

GSTN Unveils Online Filing of Annexure-V for GTAs Opting for Forward Charge

28 December 2023 at 09:20

The Goods and Services Tax Network (GSTN) has rolled out a highly anticipated feature, enabling the online filing of Annexure-V on the GST Portal. This feature is specifically tailored for newly registered GTAs choosing to operate under Forward Charge.

Posted in GST | 5832 Views

ICICI Lombard Receives GST Demand Notice of Over Rs 5.66 crore

28 December 2023 at 09:17

ICICI Lombard General Insurance Company, a prominent player in the insurance sector, has encountered a significant setback as it received a demand notice for the alleged short payment of Goods and Services Tax (GST) amounting to over Rs 5.66 crore.

Posted in GST | 2490 Views

Income Tax Dept Issues Clarification on Notices Sent to Taxpayers Who Already Filed ITR

27 December 2023 at 15:08

The Income Tax Department has released a clarification on the social media platform 'X' (formerly known as Twitter), addressing concerns and questions surrounding notices sent to individuals who have already filed their income tax returns (ITRs).

Posted in Income Tax | 8364 Views

GST Amnesty Scheme Appeals: Eligibility and Forms Until 31st January 2024

27 December 2023 at 09:25

In a proactive move to alleviate the challenges faced by taxpayers dealing with Goods and Services Tax (GST) issues, the Central Board of Indirect Taxes and Customs (CBIC) has unveiled a groundbreaking amnesty scheme.

Posted in GST | 10095 Views

Zydus Healthcare Faces Rs 285 Crore Income Tax Demand

27 December 2023 at 09:25

Indian pharmaceutical major Zydus Life revealed that its wholly-owned subsidiary, Zydus Healthcare Limited (ZHL), has received an Income Tax demand of Rs 284.58 crore

Posted in Income Tax | 2313 Views

Real Estate Developers Urge 18% GST Amendment on Corporate Guarantees in Representation to FM

27 December 2023 at 09:24

Real estate developers have reportedly approached Finance Minister Nirmala Sitharaman, urging amendments to the recent circular imposing an 18% Goods and Services Tax (GST) on corporate guarantees

Posted in GST | 2106 Views