CAclubindia News

DGGI arrests one person for fraudulently availing ITC and evading GST of Rs 52.04 crore

14 July 2022 at 08:44

The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI), has arrested one person under the provisions of the GST Act on charges of availment of Input Tax Credit on the strength of goods-less invoices.

Posted in GST | 2130 Views

IT Department conducts searches on a Pharmaceutical Group in Bengaluru

14 July 2022 at 08:44

Income Tax Department carried out search and seizure operations on 06.07.2022 on a major Bengaluru-based pharmaceutical group, engaged in the business of manufacturing and marketing of pharmaceutical products and Active Pharmaceutical Ingredients (API).

Posted in Income Tax | 1512 Views

IT Department conducts searches on two business groups in Tamil Nadu

13 July 2022 at 08:31

Income Tax Department carried out search and seizure operations on 06.07.2022 on two business groups of Tamil Nadu engaged in the business of Civil Contracts, Real Estate, Advertising etc.

Posted in Income Tax | 1959 Views

CBDT inserts New Rule 21AL - Other Conditions required to be fulfilled by the original fund

12 July 2022 at 08:37

CBDT makes rules further to amend the Income-tax Rules, 1962. These rules may be called the Income-tax (21st Amendment) Rules, 2022.

Posted in Income Tax | 4767 Views

IT Department conducts searches on two real estate groups of Bengaluru and Hyderabad

12 July 2022 at 08:37

Income Tax Department carried out search and seizure operations on two leading real estate groups of Bengaluru and Hyderabad, engaged in the business of construction/sale/leasing of commercial/residential space, and educational and hospitality services.

Posted in Income Tax | 1404 Views

CBDT enabled filing of ITR-U for AY 2020-21 and AY 2021-22

11 July 2022 at 10:22

E-filing of Updated ITR u/s 139(8A) has been enabled for ITR 2 & 3 for AY 2020-21 and AY 2021-22 using Excel utility.

Posted in Income Tax | 4 comments | 6786 Views

CBIC to issue SOP for GST summons, notices

11 July 2022 at 08:25

The Central Board of Indirect Taxes and Customs (CBIC) will soon come out with a detailed standard operating procedure (SOP) for serving summons and notices under the goods and services tax (GST) regime, to prevent harassment of businesses.

Posted in GST | 4755 Views

Sale of Indian National Flag exempted from GST

09 July 2022 at 16:29

It has been clarified that the sale of the Indian National Flag, adhering to the Flag Code 2002 and its subsequent amendments, is exempt from GST.

Posted in GST | 1 comments | 4440 Views

May 2022 CA Final Results likely to be declared on 15th/16th July 2022

09 July 2022 at 12:09

The results of the Chartered Accountants Final Examination held in May 2022 are likely to be declared on Friday, the 15th July, 2022(evening)/Saturday, the 16th July, 2022

Posted in Students | 9384 Views

IT Department conducts searches on premises of pharma group in Delhi NCR, Haryana

09 July 2022 at 08:39

The Income Tax Department carried out search and seizure operations on 29.06.2022 on a group engaged in the business of manufacturing and distribution of Pharmaceutical medicines and Real Estate Development.

Posted in Income Tax | 1299 Views