CAclubindia News

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 | 2523 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 | 8391 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 | 10149 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 | 2364 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 | 2139 Views

IT Dept uses fine-tooth comb to nab both employers & employees for TDS claims mismatch

27 December 2023 at 09:23

In a bid to ensure accurate tax compliance, the Income Tax department is intensifying its efforts to reconcile discrepancies between the tax deducted at source (TDS) by companies and the declarations made by employees in their annual I-T returns.

Posted in Income Tax | 12027 Views

Assam GST Dept Adopts IIT Big Data Software for Automated DRC-01 Notices

27 December 2023 at 09:22

The Assam GST Department issued Instruction No. 13/2023-GST dated December 26, 2023, regarding notices issued based on IIT Big Data Software.

Posted in GST | 3360 Views

Taxpayers Likely to File Revised GST Returns Starting April 2025

26 December 2023 at 10:43

The Government is reportedly considering permitting the filing of updated or revised returns under the GST.

Posted in GST | 3804 Views

State Taxes Department Triumphs with Rs 3.16 Crore Recovery in GST Penalties

26 December 2023 at 09:07

Deputy Commissioner Ranjeet Singh Leads Kathua's Enforcement Wing to a 73% Surge in Revenue, Collects Rs 3.16 Crore in Penalties

Posted in GST | 2109 Views

Thane Resident Faces Rs 23 Lakh GST Notice as Scammers Use Stolen KYC in Elaborate Job Scam