CAclubindia News


GST Collections See Sharp Decline Across Major States in H1 FY25

   25 November 2024 at 09:10

Slowing consumption trends in recent months have begun to affect GST collections in India, with several states, particularly in South India, reporting subdued growth.

Posted in GST |   324 Views


15 Booked for Assaulting Three Men Over False Fake GST Official Accusation

   25 November 2024 at 09:07

The Ludhiana police have registered a case against 15 unidentified individuals following the October 9 assault on three residents of Khanna at the Kesar Ganj market.

Posted in GST |   87 Views


Income Tax Department Reduces Time Limit for Claiming Refunds to Five Years

   25 November 2024 at 09:07

The Income Tax Department has issued a circular revising the time frame for taxpayers to claim refunds for old returns.

Posted in Income Tax |   531 Views


Govt Considering Arbitration Mechanism to Resolve Tax Disputes in Budget 2025

   25 November 2024 at 09:07

The Indian government is actively exploring the introduction of an arbitration mechanism to address tax disputes, a move aimed at easing the litigation burden on both taxpayers and officials.

Posted in Union Budget |   648 Views


ICAI Releases Revised Study Material for January/May 2025 Exams Under New Scheme

   23 November 2024 at 15:46

ICAI has officially published the study material under the New Scheme of Education and Training, marking a significant milestone in its ongoing efforts to modernize and enhance the learning experience for aspiring Chartered Accountants.

Posted in Students |   77226 Views


Gujarat SGST Department Detects Rs 3.53 Crore Tax Evasion in Tobacco and Battery Sectors

   23 November 2024 at 08:54

The Gujarat State Goods and Services Tax (SGST) Department has unearthed tax evasion amounting to Rs 3.53 crore from business-to-consumer (B2C) traders in the tobacco and battery sectors.

Posted in GST |   1215 Views


ED Arrests Bengaluru Man For Manipulating ITRs, Securing Fraudulent Tax Refunds

   23 November 2024 at 08:51

In a significant crackdown, the Directorate of Enforcement (ED) arrested notorious conman Dilip B R on November 18, 2024, under the Prevention of Money Laundering Act (PMLA), 2002.

Posted in Income Tax |   2751 Views


Biometric Authentication to Launch at 46 GST Service Centres in MP to Prevent Fraud

   23 November 2024 at 08:51

In a bid to curb fraudulent GST registrations, Madhya Pradesh is set to implement biometric-based Aadhaar authentication at 46 GST service centres across the state.

Posted in GST |   330 Views


18% or 5% GST: Houseboat Industry Battles Tax Woes

   22 November 2024 at 16:42

Kerala's houseboat owners facing uncertainty as the GST office demands 18% GST from houseboat owners with a retrospective effect from 2017, causing uncertainty for owners in Alappuzha, Kochi, and Kumarakom.

Posted in GST |   219 Views


ICAI Joins Hands with CBSE to Revolutionize Skill-Based Accounting Education

   22 November 2024 at 13:05

The ICAI through its Committee on Career Counselling signed a MoU with the Department of Skill Education, CBSE on 21st November 2024, at Bhubaneswar, Odisha, to promote commerce-based skill courses for students across the country.

Posted in Accounts |   2010 Views