CAclubindia News


GST Notice Issued to Pani Puri Vendor Over Rs 40 Lakh Digital Transactions

   04 January 2025 at 13:59

In a surprising turn of events, a pani puri vendor has come under the scrutiny of the GST department after reportedly receiving payments amounting to Rs. 40 lakh annually.

Posted in GST  2 comments |   18585 Views


Gujarat Records 19% Growth in GST Revenue in Q3 FY 2024-25

   04 January 2025 at 09:01

Gujarat has reported a 19% increase in revenue under the Goods and Services Tax (GST) during the third quarter (Q3) of the financial year 2024-25, as compared to the same period last year.

Posted in GST |   549 Views


ICAI Submits Suggestions on Comprehensive Review of the IT Act 1961 and Pre-Budget Memorandum 2025

   04 January 2025 at 08:58

Explore ICAI's preliminary inputs on the Comprehensive Review of the Income-tax Act, 1961, discussed during a stakeholder consultation chaired by the Revenue Secretary on September 18, 2024

Posted in Union Budget |   3351 Views


CBDT Issues Key Income Tax Exemptions for Credit Guarantee Entities and IFSC Units

   04 January 2025 at 08:57

The Central Board of Direct Taxes (CBDT) has issued three significant notifications under the Income-tax Act, 1961, aimed at tax relief and compliance facilitation, effective from January 1, 2025.

Posted in Income Tax |   1629 Views


Online Popcorn and Movie Ticket Combo May Attract 12-18% GST

   03 January 2025 at 09:03

Consuming popcorn at a movie theatre could soon cost you more, depending on how it is served and bundled with movie tickets.

Posted in GST |   1866 Views


Income Tax Department to Update ITR Forms for Section 87A Tax Rebate Claims for FY 2023-24

   03 January 2025 at 09:02

The Income Tax Department has announced a major relief for resident individuals eligible to claim the Section 87A tax rebate for FY 2023-24 but were unable to do so earlier.

Posted in Income Tax |   5289 Views


RBI Rs 2000 Note Withdrawal Update: 98.12% Returned as Circulation Drops Sharply

   03 January 2025 at 08:52

Explore the decline in ₹2000 banknotes in circulation, from ₹3.56 lakh crore on May 19, 2023, to ₹6,691 crore by December 31, 2024, with 98.12% of the notes returned following the withdrawal announcement

Posted in Others |   660 Views


Commercial Taxes Department Introduces Biometric Face Authentication for GST Registration

   03 January 2025 at 08:52

The Andhra Pradesh Commercial Taxes Department, in collaboration with the Goods and Services Tax Network (GSTN), has launched an innovative Biometric Face Authentication feature for GST registration.

Posted in GST |   738 Views


MCA Extends Timeline for Filing CSR Reports to 31st March 2025

   03 January 2025 at 08:52

The Ministry of Corporate Affairs (MCA) has issued a notification dated December 31, 2024, extending the timeline for compliance with certain provisions under the Companies (Accounts) Rules, 2014.

Posted in Corporate Law |   2391 Views


GSTN Releases Advisory to Taxpayers on Extension of E-Way Bills Expired on 31st Dec 2024

   02 January 2025 at 16:22

It is hereby informed that the technical challenges encountered in the e-way bill generation process have been resolved, and the portal is now functioning smoothly

Posted in GST |   711 Views