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CAclubindia News


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 |   135 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 |   96 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 |   141 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 |   276 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 |   555 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 |   90 Views


CBIC Amends Customs Exemptions & Concessions to Align HS Codes with Finance (No. 2) Act 2024

   02 October 2024 at 09:30

In a significant move to streamline customs operations, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 45/2024-Customs, effective October 1, 2024.

Posted in GST |   375 Views


ICAI Prioritizes Well-being of CAs: New Group Formed for Work-Life Balance & Stress Management

   01 October 2024 at 14:57

ICAI reaffirms its commitment to addressing the urgent need for work-life balance and stress management within the profession.

Posted in Professional Resource |   1575 Views


ICICI Lombard Receives Rs 1388 Crore IT Demand for AY 2021-22

   01 October 2024 at 09:10

ICICI Lombard General Insurance Co. has been served an income tax demand of ₹1,388.09 crore, including ₹321 crore in interest, by the Office of the Assistant Commissioner of Income-Tax, Mumbai.

Posted in Income Tax |   192 Views


GST Officials Arrested for Extortion: Rs 69 Lakh Cash and Gold Recovered

   01 October 2024 at 09:08

In a shocking case of corruption, the Organised Crime Division of the police recovered ₹69 lakh in cash and 306 grams of gold from four GST officials arrested earlier in September for allegedly kidnapping and extorting ₹1.5 crore from businessman

Posted in GST |   1305 Views