CAclubindia News

Bombay HC Admits Petitions Challenging GST Demand of Rs 11K Crore for Casino Operations

25 October 2023 at 08:31

In a significant legal development, the Bombay High Court at Goa has admitted three petitions challenging a show-cause notice issued by the Director of Revenue Intelligence, which seeks a whopping GST amount of Rs 11,139 crore

Posted in GST | 4791 Views

Uttarakhand GST Dept Nabs Mastermind Behind Rs 18 Crore Tax Evasion Scheme

25 October 2023 at 08:30

In a major breakthrough, the Uttarakhand GST Department has apprehended Shahnawaz Hussain, the mastermind behind an alleged tax evasion scheme, resulting in losses of more than Rs 18 crore on a Rs 100-crore turnover.

Posted in GST | 2229 Views

Condonation of Delay for Form No. 10-IC Filing in AY 2021-22 u/s 119(2)(b)

24 October 2023 at 08:11

CBDT issued Circular No. 19/2023 dated October 23, 2023 regarding the condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for the Assessment Year 2021-22.

Posted in Income Tax | 5340 Views

Massive Rs 22 Crore Mobile Phone Tax Evasion Scheme Unearthed in Gujarat

24 October 2023 at 08:10

State GST Department Exposes Rs 22 Crore Tax Evasion Scheme Involving Mobile Phone Dealers Across Gujarat

Posted in GST | 3702 Views

Income Tax Department Exposes Rs 1200 Crore Tax Evasion Scheme Involving Jagathrakshakan and Saveetha Groups

24 October 2023 at 08:09

Massive Income Tax Raids Reveal Staggering Financial Irregularities Linked to DMK MP S Jagathrakshakan and Saveetha Educational Group

Posted in Income Tax | 4371 Views

CGST Commissionerate Busts Rs 263 Crore Counterfeit GST Invoice Scam

24 October 2023 at 08:07

Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket of Invoice value of Rs. 263 Crores involving fake GST Input Tax Credit (ITC)

Posted in GST | 1 comments | 3342 Views

Shipping Liners Face Rs 1.2 to Rs 1.5 Lakh Crore GST Evasion Allegations

23 October 2023 at 08:01

In a notable crackdown on GST evasion, the Directorate General of GST Intelligence (DGGI) in Ahmedabad has made staggering allegations of tax evasion amounting to ₹1.2 to ₹1.5 lakh crore against shipping liners

Posted in GST | 3258 Views

Delhi High Court Directs Rs 7.12 Crore IGST Refund to Vodafone Idea

23 October 2023 at 07:59

In a significant legal development, the Delhi High Court has ruled in favor of Vodafone Idea, directing the government and GST authorities to refund IGST (Integrated Goods and Services Tax) of Rs 7.12 crore.

Posted in GST | 5103 Views

CA Ashok Vaswani appointed as new MD & CEO of Kotak Mahindra Bank

22 October 2023 at 11:05

The Reserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the bank's next MD & CEO.

Posted in Others | 5958 Views

CBDT Introduces Form No. 56F for Assessees Seeking Deduction u/s 10AA of IT Act

21 October 2023 at 08:02

The Central Board of Direct Taxes (CBDT) issued Notification No. 91/2023 on October 19, 2023, introducing a new Rule 16D into the Income-tax Rules, 1962.

Posted in Income Tax | 43113 Views