CAclubindia News

Mumbai GST Department Exposes Massive Rs 150 Crore Scam Involving Shell Companies

27 September 2023 at 08:47

This situation highlights a significant case of corruption and fraud within the GST department in Mumbai, with allegations of involvement by multiple officials...

Posted in GST | 7395 Views

80 Online Gaming Companies Under Scrutiny for Alleged GST Evasion

26 September 2023 at 08:47

About 80 online gaming companies in India are facing tax notices for alleged GST evasion totaling ₹10,000-12,000 crore (10-12 billion INR).

Posted in GST | 7149 Views

FM Nirmala Sitharaman hails Northeast as the biggest beneficiary of GST

26 September 2023 at 08:47

Finance Minister Nirmala Sitharaman has highlighted the positive impact of the Goods and Services Tax (GST) on the revenue collections of North Eastern states.

Posted in GST | 2475 Views

Union Finance Secretary Envisions AI's Role in Transforming Auditing and Accounting

26 September 2023 at 08:46

The Union Finance Secretary, T.V. Somanathan, has expressed the view that Artificial Intelligence (AI) has the potential to replace some of the work currently done by auditors and accountants.

Posted in Audit | 5427 Views

MCA Extends AGM and EGM Timeline for Virtual Meetings Until September 30, 2024

26 September 2023 at 08:44

Ministry of Corporate Affairs (MCA) has extended the timeline for holding Annual General Meetings (AGMs) and Extra-Ordinary General Meetings (EGMs) through video conferencing (VC) or other audio-visual means (OAVM) until September 30, 2024.

Posted in Corporate Law | 13890 Views

LIC Receives GST Bill Exceeding Rs 290 Crore from Bihar Tax Department

25 September 2023 at 09:01

The Life Insurance Corporation of India (LIC) has received a Goods and Services Tax (GST) demand, which includes interest and penalty, from Bihar state tax officials amounting to over Rs 290 crore.

Posted in GST | 19866 Views

Income Tax Department Urges Taxpayers to Address Past Tax Demands for Speedier Refunds

25 September 2023 at 09:00

The Income Tax Department is making every effort to complete the processing of Income Tax Returns (ITRs) and issuance of refunds expeditiously

Posted in Income Tax | 8253 Views

CBDT releases Excel-Based and MAC Utilities for AY 2023-24

25 September 2023 at 08:59

Central Board of Direct Taxes (CBDT) has released Updated Utilities, Excel-based Utility and a MAC Utility for filing Income Tax Returns ITR 3, ITR 5, and ITR 6 for the Assessment Year (A.Y.) 2023-24.

Posted in Income Tax | 6291 Views

CBDT releases Common Offline Utility for filing ITR 1, ITR 2, ITR 3 and ITR 4 for AY 2023-24

25 September 2023 at 08:58

Central Board of Direct Taxes (CBDT) has released updated Common Offline Utility for filing Income Tax Returns ITR 1, ITR 2, ITR 3, and ITR 4 for the Assessment Year (A.Y.) 2023-24.

Posted in Income Tax | 4107 Views

GSTN launches 'Track Application Status' tab for GST Registration