CAclubindia News

Online Gaming Firms Offer Cashbacks Amid GST Challenges, Consolidation Looms

06 October 2023 at 08:51

In response to the new Goods and Services Tax (GST) regime in India, online gaming companies are taking creative measures to prevent customer loss.

Posted in GST | 5550 Views

ICAI Extends MEF 2023-24 Submission Deadline to 21st Oct

05 October 2023 at 11:40

Considering the requests received from the members for an extension of the last date for submitting the MEF due to tax audit period and subsequent public holidays, it has been decided to extend the last date for submitting the Form to 21st October 2023.

Posted in Professional Resource | 8385 Views

RBI appoints Shri Muneesh Kapur as new Executive Director

05 October 2023 at 08:44

The Reserve Bank of India (RBI) has appointed Shri Muneesh Kapur as Executive Director (ED) with effect from October 3, 2023.

Posted in Community & General | 4815 Views

GST Council Mulls Lowering GST Rate for Visually Impaired on Vehicles

05 October 2023 at 08:42

In an upcoming meeting scheduled for October 7, the Goods and Services Tax (GST) Council is set to deliberate on the possibility of reducing the existing 28 percent GST rate on motor vehicles purchased by visually impaired individuals.

Posted in GST | 4779 Views

Indian Companies Grapple with GST Notices Over Overseas Deputed Staff Salaries

05 October 2023 at 08:41

In a recent turn of events, several Indian companies have found themselves entangled in a web of GST demand notices, particularly concerning cases where overseas employees have been deputed to work in India.

Posted in GST | 6408 Views

DGGI Mumbai Zone Issues Massive GST Notices to Dream11 and Play Games 24/7

05 October 2023 at 08:40

In a startling development, the Directorate General of Goods and Services Tax Intelligence (DGGI) Mumbai Zone has reportedly issued a hefty notice amounting to a staggering Rs 28,000 crore to the prominent online gaming company, Dream11.

Posted in GST | 7965 Views

Bajaj Allianz Faces Rs 1,010 Crore GST Demand Notice for Premiums

04 October 2023 at 09:00

Bajaj Allianz General Insurance Company Limited, a prominent player in the insurance sector, has been served with a substantial Goods and Services Tax (GST) demand notice amounting to ₹1,010 crore

Posted in GST | 15858 Views

Meesho Welcomes Non-GST Sellers to Reshape E-commerce

04 October 2023 at 08:58

In a game-changing move, Meesho, the E-commerce unicorn, has officially thrown open its platform to sellers without a Goods and Services Tax (GST) registration, effective from October 1, 2023.

Posted in GST | 11610 Views

Income Tax Department Imposes Rs 84 Crore Penalty on LIC, Corporation to Appeal

04 October 2023 at 08:54

In a significant development, the Income Tax Department has levied a substantial penalty of Rs 84 crore on the Life Insurance Corporation (LIC) relating to three assessment years.

Posted in Income Tax | 28161 Views