CAclubindia News

GST Council Warns Businesses Against Scams with New Advisory

22 December 2023 at 07:10

A recent advisory, aptly named the "GST Fraud Advisory," serves as a stern warning to GST-registered businessmen

Posted in GST | 2181 Views

GST Council Contemplates Raising Registration Threshold to Rs 60 Lakh: FM Sitharaman

22 December 2023 at 07:09

In a comprehensive discussion held in the Rajya Sabha on Wednesday, Finance Minister Nirmala Sitharaman responded to Parliamentarians' queries and suggestions, notably addressing the proposed Central Goods and Services Tax (Second Amendment) Bill, 2023.

Posted in GST | 9495 Views

Trader held for Rs 68 crore GST evasion

22 December 2023 at 07:08

CGST's Preventive Department in Rajkot Nabs Brass and Copper Scrap Trader in Jamnagar for Alleged Rs 67.72 Crore Tax Evasion

Posted in GST | 2931 Views

Deadline Extended for GSTR-3B Filing in Specific Tamil Nadu Districts for Nov 2023

21 December 2023 at 07:03

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 55/2023 – Central Tax dated December 20, 2023, announcing an extension for the filing of FORM GSTR-3B for November 2023.

Posted in GST | 8550 Views

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 | 2997 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 | 3840 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 | 2559 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 | 2613 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 | 2781 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 | 8574 Views