CAclubindia News

Gov Releases Rs 72,961.21 Crore Tax Devolution in Record Time

09 November 2023 at 08:46

Union Government authorises release of tax devolution of ₹72,961.21 crore to all State Governments for November, 2023; three days ahead of the usual date of 10th November

Posted in Income Tax | 1986 Views

GSTIN Amendment in the Bill of Entry After Out of Charge (OOC)

09 November 2023 at 08:44

Advisory No. 27/2023 was issued by the Directorate General of Systems and Data Management, Central Board of Indirect Taxes and Customs (CBIC), on November 7, 2023.

Posted in GST | 4269 Views

E-Way Bill Generation Peaks at Record Rs 10.3 Crore in October 2023

09 November 2023 at 08:43

In a remarkable upswing, businesses generated an unprecedented Rs 10.3 crore worth of E-way bills in October 2023, surpassing the previous record set in August at Rs 9.34 crore

Posted in GST | 4602 Views

Centre may request Supreme Court to club all GST online gaming cases

09 November 2023 at 08:42

In a significant development, the government is poised to request the Supreme Court to consolidate all Goods and Services Tax (GST) online gaming cases currently under litigation.

Posted in GST | 4050 Views

IT Dept enables E-filing of Form 56F for AY 2023-24

08 November 2023 at 08:53

In a significant move to enhance the ease of tax compliance for businesses and individuals, the Income Tax Department has enabled the electronic filing of Form 56F for the Assessment Year (A.Y.) 2023-24

Posted in Income Tax | 4530 Views

Govt Explores Potential Relief from GST on Vouchers and Gift Cards

08 November 2023 at 08:52

In a recent development, the Indian government is contemplating potential relief from the levy of GST on vouchers or gift cards offered by companies and retailers, with a focus on addressing the issue of double taxation in certain instances.

Posted in GST | 4935 Views

GST E-Way Bill: 2-Factor Authentication Required for Big Taxpayers from Nov 20, 2023

08 November 2023 at 08:51

Starting from November 20, 2023, it will be mandatory for taxpayers with an Annual Aggregate Turnover (AATO) of Rs 20 crore or more to use two-factor authentication (2FA) when accessing the E-Way bill system.

Posted in GST | 8622 Views

DGGI Meerut Uncovers Rs 1481 Crore Fake Entity Syndicate, Four Arrested

08 November 2023 at 08:50

DGGI Meerut Officials bust a massive syndicate involving 102 fake entities with a staggering turnover of Rs. 1,481 crore, four held

Posted in GST | 2265 Views

Probe into Fake GST Certificates for KMUT Beneficiaries in Tiruppur

07 November 2023 at 08:45

GST Department and Revenue authorities in Tiruppur district, Tamil Nadu, have initiated a thorough investigation into disturbing complaints raised by economically disadvantaged women residents of Saaya Pattarai street in Tiruppur city.

Posted in GST | 3471 Views

Haryana Govt Introduces Mera Bill Mera Adhikar Scheme to Combat Tax Evasion

07 November 2023 at 08:43

In a significant move to encourage transparency and combat tax evasion, the Haryana government has introduced the 'Mera Bill Mera Adhikar' scheme, allowing consumers to win cash rewards by insisting on receiving a GST bill for every purchase.

Posted in GST | 4659 Views