CAclubindia News

New CBDT Form 6D Introduced for Inventory Valuation Reporting u/s 142(2A)

29 September 2023 at 08:58

The Income-tax (Twenty-Second Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on September 27, 2023.

Posted in Income Tax | 12024 Views

CBIC Set to Roll Out 28% GST on Online Gaming, Casinos and Horse Racing from 1st Oct 2023

29 September 2023 at 08:57

The Central Board of Indirect Taxes and Customs (CBIC) is gearing up to implement clarificatory laws related to a uniform Goods and Services Tax (GST) rate of 28 percent on online money gaming, casinos, and horse racing starting from October 1, 2023.

Posted in GST | 5796 Views

ICICI Lombard Faces Over Rs 1728 Crore Tax Demand Notice Over GST Non-Payment

28 September 2023 at 14:22

ICICI Lombard General Insurance Company Ltd. has received a show cause notice from the Directorate General of GST Intelligence (DGGI) regarding non-payment of a tax demand of ₹1,728.90 crore.

Posted in GST | 7359 Views

Over 10,000 MSME Claims Accepted in Vivad se Vishwas-I Scheme Since Launch

28 September 2023 at 08:52

Claims of more than 10,000 MSMEs accepted under Vivad se Vishwas-I scheme since launch

Posted in Corporate Law | 3135 Views

GST Council's 52nd Meeting: Reviewing Tax Amendments in Online Gaming and Casinos

28 September 2023 at 08:51

The GST Council is scheduled to hold its 52nd meeting on October 7, 2023, at Vigyan Bhawan, New Delhi.

Posted in GST | 5649 Views

CBDT Issues Streamlined Procedure for Income Tax Deduction Certificates Through TRACES

28 September 2023 at 08:50

Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962

Posted in Income Tax | 12939 Views

GSTN Advisory: Temporary Pause in Auto e-Invoice Population to GSTR-1

27 September 2023 at 17:11

GSTN wishes to inform you that the auto population of e-Invoice in GSTR-1 is temporarily halted due to essential system upgrades, which will involve the implementation of e-Invoice JSON download functionality.

Posted in GST | 5241 Views

Dream11 Challenges Rs 40,000 Crore GST Evasion Claim in Bombay High Court

27 September 2023 at 11:44

Dream11, led by Harsh Jain, has joined the growing list of gaming startups taking legal action against tax authorities over alleged GST evasion.

Posted in GST | 13116 Views

New GST Supplier Rating Database Set to Transform Indian Business Landscape

27 September 2023 at 08:49

The Indian government is working on the development of a database that will rank suppliers based on their Goods and Services Tax (GST) compliance track record, credit history, transaction and supply history, and any past defaults.

Posted in GST | 1 comments | 5865 Views

Income Tax Department introduces Angel Tax Rules for valuing investments in startups

27 September 2023 at 08:48

The Income-tax (Twenty first Amendment), Rules, 2023, also known as the Angel Tax Rules, were notified by the Central Board of Direct Taxes (CBDT) on September 25, 2023.

Posted in Income Tax | 9171 Views