CAclubindia News

Surat Businessman Nabbed in Rs 2 Crore GST Manipulation Garment Company Scam

22 January 2024 at 09:08

The Economic Offence Wing (EOW) of the Thane police has made a significant arrest, apprehending a Surat-based businessman, Kailash Kothari (41), on charges of allegedly cheating his partner to the tune of Rs 2 crore.

Posted in GST | 2664 Views

Delhi High Court Halts NFRA Proceedings Against CA for Tax Deduction Claim Allegations

22 January 2024 at 09:08

In a recent development, the Delhi High Court has intervened in a case involving a Chartered Accountant (CA) facing proceedings under the Companies Act for alleged professional misconduct.

Posted in Income Tax | 6903 Views

Karnataka GST Authorities Bust Rs 180 Crore Fake ITC Scam

20 January 2024 at 08:48

In a major breakthrough, the Karnataka Commercial Taxes Department has successfully uncovered a multi-state GST fraud, leading to the arrest of the key mastermind, Mohammed Siddiq.

Posted in GST | 4944 Views

Telecom Industry seeks USOF, Tax Reliefs in FY25 Union Budget

20 January 2024 at 08:46

The Cellular Operators Association of India (COAI), representing key private telecom operators, has presented crucial demands ahead of the FY25 Union Budget

Posted in Union Budget | 2622 Views

MCA: Over 141K firms incorporated in FY24 so far

20 January 2024 at 08:44

More than 141,000 companies have been incorporated in the current financial year until January 10, marking the highest number of firms registered under the Ministry of Corporate Affairs (MCA).

Posted in Corporate Law | 5475 Views

GSTN enabled Functionality to furnish Letter of Undertaking (LUT) for FY 2024-25

19 January 2024 at 15:35

Goods and Services Tax Network (GSTN) has introduced a new functionality on the GST Portal, enabling taxpayers to submit a Letter of Undertaking (LUT) for the Financial Year 2024-2025.

Posted in GST | 17130 Views

GSTN Enhances Payment Methods for Taxpayers with Credit Cards, Debit Cards and UPI

19 January 2024 at 15:34

In a move aimed at enhancing convenience for taxpayers, the Goods and Services Tax Network (GSTN) has issued a new advisory, dated January 19, 2023, introducing additional payment options for those registered under GST. The advisory outlines the incl

Posted in GST | 6225 Views

Finance Ministry Seeks Public Input on Draft 'Indian Stamp Bill, 2023' within a period of 30 days

19 January 2024 at 09:12

Department of Revenue, Ministry of Finance, invites suggestions on draft 'Indian Stamp Bill, 2023' from public within a period of 30 days

Posted in Others | 2907 Views

Delhi High Court Discharges Income Tax Officer in Bribery Case, Citing Insufficient Evidence

19 January 2024 at 09:12

The Delhi High Court has exonerated a senior income tax official who was facing graft charges lodged by the Central Bureau of Investigation (CBI).

Posted in Income Tax | 3180 Views

Income Tax Department Releases Enhanced E-filing Utility and JSON Schema for Form 10BB Audit Reports

19 January 2024 at 09:11

The Income Tax Department has introduced an upgraded e-filing utility and JSON schema for the filing of Form 10BB Audit Reports.

Posted in Income Tax | 5307 Views