CAclubindia News

Deadline Approaching for Accurate Declaration of ITC in GST

21 November 2023 at 08:51

In a significant announcement, the State Goods and Services department has informed taxpayers that November 30, 2023, marks the final date for availing ITC

Posted in GST | 19260 Views

GST Net Expands its Reach for Real Estate Firms

21 November 2023 at 08:50

DGGI has initiated a series of notices targeting various real estate companies, urging the payment of GST for a range of transactions involving group companies or joint venture partners.

Posted in GST | 2847 Views

Rs 1.86 Lakh Fine Imposed for GST Evasion

20 November 2023 at 08:31

GST Officials Impose Fines on Tax Irregularities: Truck with Mixed Goods Penalized, Maruti Plastic Godown Raided

Posted in GST | 3027 Views

Comprehensive Manual on Direct API Integration with 6 IRPs for E-Invoice Reporting

20 November 2023 at 08:30

Comprehensive Guide and Instructions for Direct API Integration with Any of the 6 IRPs for E-Invoice Reporting

Posted in GST | 5535 Views

Industry Alleges Chaos and Legal Logjam Amid Faceless Tax Assessment System Implementation

18 November 2023 at 07:56

In an effort to enhance the efficiency of the faceless tax assessment facility introduced by the Income Tax Department, the industry has reached out to the CBDT, urging the implementation of key modifications to mitigate chaos and legal complexities.

Posted in Income Tax | 4221 Views

FM Approves Biometric Aadhaar Authentication at GST Seva Kendras in Andhra Pradesh

18 November 2023 at 07:52

Finance Minister Nirmala Sitharaman Announces Aadhaar Authentication for GST Seva Kendras in Andhra Pradesh to Enhance Registration Process and Security

Posted in GST | 2367 Views

ICAI Opens Exclusive One-Time Window for MEF 2023-24 Applications

18 November 2023 at 07:51

The Institute is in receipt of representations from members who could not fill the MEF 2023-24 due to various reasons. It has been decided to give one-time window from 20th November to 22nd November, 2023 for three days

Posted in Professional Resource | 6450 Views

Government Contemplates GST Evasion Threshold Hike to Rs 3 Crore

17 November 2023 at 10:21

In a bid to enhance the business environment and alleviate concerns of harassment, the central government is contemplating a pivotal shift in the Goods and Services Tax (GST) landscape.

Posted in GST | 5763 Views

CBDT Chairman Forecasts India to Surpass Rs 18.23 Lakh Crore Direct Tax Collection Target

17 November 2023 at 08:44

In a positive development, Central Board of Direct Taxation (CBDT) chairman Nitin Gupta announced on Wednesday that the government is on track to exceed the ₹18.23 lakh crore direct tax collection target set for the current fiscal year

Posted in Income Tax | 2565 Views

GST Practitioners Raise Alarm Over Rule 37A

17 November 2023 at 08:42

In a recent development, the All Kerala GST Practitioners Association has raised alarm bells over the potential dampening effect on businesses due to the input tax credit (ITC) reversal mandated by Rule 37A.

Posted in GST | 8880 Views