CAclubindia News

CBDT Issues Circular on Condonation of Delay for ITR Refunds and Loss Carry Forward Claims

03 October 2024 at 09:05

CBDT issued Circular No. 11/2024 on October 1, 2024, establishing new guidelines for condoning delays in filing income tax returns (ITRs) claiming refunds or carrying forward losses under Section 119(2)(b) of the Income-tax Act, 1961

Posted in Income Tax | 2 comments | 20037 Views

RBI: 98% of Rs 2,000 Notes Returned Following Withdrawal Order

03 October 2024 at 09:01

The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023.

Posted in Others | 498 Views

ICAI Marks Global Ethics Day with a Renewed Focus on Professional Integrity

03 October 2024 at 09:01

Ethics build the foundation, integrity fortifies it, and professionalism turns it into a legacy that inspires trust.

Posted in Professional Resource | 477 Views

GST Tribunal Takes Over: No New Anti-Profiteering Cases from FY26

03 October 2024 at 08:58

From April 1, 2025, the anti-profiteering mechanism under the Goods and Services Tax (GST) regime will cease to operate, marking a significant change for businesses and consumers.

Posted in GST | 1080 Views

GST Collections Slow to 6.5% in September, Totaling Rs 1.73 Lakh Crore

02 October 2024 at 09:41

GST revenue growth rate slowed to 6.5% in September, with collections totalling Rs 1.73 lakh crore, according to government data released on Tuesday.

Posted in GST | 1245 Views

Over 150 Suspicious Agencies in Himachal Pradesh Under Investigation for GST Fraud

02 October 2024 at 09:39

The Excise and Taxation Department of Himachal Pradesh is investigating over 150 agencies registered under fraudulent means, as part of a nationwide crackdown on fake GST registrations.

Posted in GST | 471 Views

Insurance Companies Face Rs 20,000 Crore GST Liability for Rule Violations: DGGI

02 October 2024 at 09:36

The DGGI has uncovered significant GST violations by insurance companies, revealing that many have failed to pay GST on services provided to employees in Special Economic Zone (SEZ) units.

Posted in GST | 1455 Views

Infosys GST Case: Decision Pending Reply from IT Company, Says DGGI

02 October 2024 at 09:35

The Directorate General of GST Intelligence (DGGI) has been investigating Infosys since 2020 in connection with tax evasion allegations related to the import of services from its branch offices abroad.

Posted in GST | 1 comments | 1284 Views

New Mechanism to Curb GST Fraud in ITC Claims Expected by November

02 October 2024 at 09:32

The Union Ministry of Finance is advancing efforts to curb fraudulent Input Tax Credit (ITC) claims related to the Goods and Services Tax (GST) paid under the Reverse Charge Mechanism (RCM).

Posted in GST | 1821 Views

GSTN Issues Advisory On e-Services App to Replace e-Invoice QR Code Verifier App

02 October 2024 at 09:31

GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App.

Posted in GST | 330 Views