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ICAI President urges members to embrace AI to stay relevant and derive competitive advantage
01 July 2023 at 08:50The evolving artificial intelligence (AI) paradigm is nudging the accounting profession to readapt itself and move towards specialization and tasks involving more objectivity, cognitive ability, and behavioural skills to be relevant.
ICAI Extends Cutoff Date for Bank Branch Auditors Panel Preparation
01 July 2023 at 08:49Cut-off date for the constitution of the firm and its members will now be as on 1st July, 2023 considering submission of Form 18 up to one month of submission (till 31st July, 2023) without condonation of delay
ICAI unveils new logo to commemorate the start of its 75th year
30 June 2023 at 13:19ICAI has unveiled its new logo to commemorate the start of its 75th year.
Tata Sons Challenges Rs 1500 Crore GST Claim on Docomo Settlement
30 June 2023 at 08:59Tata Sons has challenged a ₹1,500 crore tax demand on its $1.27 billion settlement with NTT Docomo in 2017. The settlement was reached over a now-defunct telecom joint venture between the two companies.
Youth's PAN and Aadhaar Details Used to Set Up Company for GST Fraud
30 June 2023 at 08:56Hudkeshwar police have registered a case of fraud against Rahul Kamalkumar Jain and his wife Shruti, residents of Parwarpura, Itwari, for allegedly manipulating GST worth crores by misusing documents of a city youth.
GST Taxpayers in Gujarat Soar by 124% in Six Years
30 June 2023 at 08:55The number of active GST taxpayers in Gujarat has increased by 124% in six years, from 5.08 lakh on July 1, 2017, when the new regime came into effect to 11.44 lakh now.
GSTN issues advisory on Online Compliance Pertaining to Liability / Difference Appearing in R1 - R3B (DRC-01B)
30 June 2023 at 08:54Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B)
GST Officers Bust 30 Fake Firms, Uncover Rs 50 Crore ITC Scam
29 June 2023 at 16:48The GST officers have busted a nexus of more than 30 fake firms, who have availed ineligible input tax credit (ITC) of over Rs 50 crore, the Finance Ministry said on Wednesday.
TDS/TCS Filing Deadline Extended to 30th Sept for First Quarter of FY 2023-24
29 June 2023 at 08:56CBDT extends the time limits for submission of certain TDS/TCS Statements. Due date for filing of TDS/TCS statements in Form Nos. 26Q, 27Q & 27EQ for first quarter of FY 2023-24 has been extended to 30th September, 2023.
IT Department Cracks Down on Tax-Evading Influencers, Sends Notices to 15
29 June 2023 at 08:54The Income Tax Department has been cracking down on social media influencers who have been flaunting their overseas holidays and luxury shopping on social media, but paying zero or "substantially low" tax.
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