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ICAI to Issue Global Networking Guidelines for Indian CA Firms

   18 May 2024 at 08:24

The Institute of Chartered Accountants of India (ICAI) will soon introduce international networking guidelines to aid domestic firms in expanding their global presence, ICAI President Ranjeet Kumar Agarwal announced.

Posted in Professional Resource |   1269 Views


Supreme Court Upholds ICAI Rule Limiting CAs to 60 Tax Audits Per Year

   17 May 2024 at 14:49

In a significant ruling on Friday, May 17, the Supreme Court upheld the rule established by ICAI, which limits CAs to accepting no more than 60 tax audit assignments per financial year.

Posted in Professional Resource |   4677 Views


Supreme Court Tells Centre: No Mandatory Arrests in All GST Cases

   17 May 2024 at 08:57

The Supreme Court has directed the Centre to avoid making arrests in all Goods and Services Tax (GST) cases unless there is credible evidence and tangible material proving culpability.

Posted in GST |   2187 Views


GSTN Expands Digital Payment Options to J&K, Now Covering 16 States/UTs

   17 May 2024 at 08:57

GSTN has announced an important update, dated May 16, 2024. The update reveals that GST payment facilities via UPI and Debit/Credit cards are now available in Jammu & Kashmir.

Posted in GST |   192 Views


FM Nirmala Sitharaman Stumped by Broker's Tax Question at BSE Event

   17 May 2024 at 08:56

Finance Minister Nirmala Sitharaman recently attended the 'Viksit Bharat 2047 - Vision for Indian Financial Markets' event, organized by the Bombay Stock Exchange (BSE) in Mumbai.

Posted in Income Tax |   2784 Views


GSTN: Information from manufacturers of Pan Masal and Tobacco taxpayers

   17 May 2024 at 08:54

Government had issued a notification to seek information from taxpayers dealing in the goods mentioned therein vide Notification No. 04/2024 – Central Tax dated 05-01-2024.

Posted in GST |   696 Views


GST Official Falls Victim to Fake Stock Trading App Scam, Loses Lakhs

   16 May 2024 at 08:57

In a startling revelation, the Avadi police uncovered a sophisticated fraud scheme orchestrated by tech-savvy criminals, leaving a trail of duped investors across the country.

Posted in GST |   501 Views


Income Tax Department Ensures No Data Loss in CR Building Fire Tragedy

   16 May 2024 at 08:56

The Income Tax Department has reassured taxpayers that no data loss occurred due to the fire incident at its CR Building in ITO, where one official tragically lost his life.

Posted in Income Tax |   1896 Views


GSTAT Set for Operationalization by End of 2024 or Early 2025

   15 May 2024 at 08:51

According to sources closely involved in the process, efforts are underway to ensure the expeditious operationalization of the GST Appellate Tribunal.

Posted in GST |   1917 Views


Tax Incentives Can Drive Sustainable Manufacturing Growth

   15 May 2024 at 08:51

Experts emphasize the pivotal role of financial incentives in propelling the adoption of green manufacturing practices among businesses.

Posted in Income Tax |   180 Views