CAclubindia News

GSTN Issues Advisory on Difference in Value of Table 8A and 8C of Annual Returns FY 23-24

10 December 2024 at 09:04

As per Notification No 12/2024 Central Tax dated 10th July 2024 read with Notification No.20/2024-Central Tax Dated 8th October 2024, for FY 2023-24 onwards, the total credit available for inwards supplies shall be auto-populated

Posted in GST | 3774 Views

Income Tax Department Conducts Massive Raids in Andaman and Nicobar Islands Over Tax Irregularities

09 December 2024 at 09:12

In a large-scale operation, over 120 officials from the Income Tax (IT) Department are conducting searches at multiple locations across the Andaman and Nicobar Islands.

Posted in Income Tax | 1077 Views

Ajit Pawar and Family Cleared of Benami Property Allegations: Rs 1000 Crore Worth of Assets Released

09 December 2024 at 09:10

In a significant turn of events, Maharashtra Deputy Chief Minister Ajit Pawar and his family have been exonerated of allegations of owning benami properties.

Posted in Income Tax | 2232 Views

Farmer Union Demands GST Exemption and Doubling of PM-Kisan Benefits Ahead of Budget 2025-26

09 December 2024 at 09:06

In a pre-budget consultation meeting with Finance Minister Nirmala Sitharaman on Saturday, the Bharatiya Kisan Union (BKU) (Apolitical) presented a series of demands aimed at alleviating the challenges faced by farmers.

Posted in GST | 1713 Views

Biometric Aadhaar Authentication Now Mandatory for GST Registration in Haryana, Manipur, Meghalaya & Tripura

09 December 2024 at 09:01

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Haryana, Manipur, Meghalaya and Tripura

Posted in GST | 462 Views

Aerated Beverage Industry Opposes GST Hike, Cites Growth Challenges

07 December 2024 at 09:06

The Indian Beverage Association (IBA) has raised concerns over the current 40% GST levied on aerated beverages, calling it a significant bottleneck for the industry's growth.

Posted in GST | 1524 Views

Apparel Industry Opposes Proposed GST Hike by GoM, Warns of Growth Setbacks

07 December 2024 at 08:59

As the GST Council prepares to deliberate on recommendations from the Group of Ministers (GoM) on rate rationalization, the proposed hike in GST rates on readymade garments has stirred significant apprehension within the apparel industry.

Posted in GST | 1917 Views

61 Kg Silver Seized in Jharkhand, GST Evasion Probe Underway

07 December 2024 at 08:59

The Government Railway Police (GRP) in Rourkela has seized approximately 61 kilograms of silver from a Jharkhand man, triggering a State GST inquiry into potential tax evasion.

Posted in GST | 426 Views

Rajkot Businessman Arrested for Alleged Rs 186 Crore GST Scam

07 December 2024 at 08:58

The Goods and Services Tax (GST) department has arrested Pragnesh Kantaria, the alleged mastermind behind a massive ₹186 crore GST scam.

Posted in GST | 1188 Views

RBI Cuts CRR to 4%, Maintains Repo Rate, Lowers FY25 GDP Growth Forecast to 6.6%

06 December 2024 at 12:39

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others | 396 Views