CAclubindia News

UPI Goes Global - Payments Now Accepted in 7 Countries

13 February 2024 at 09:11

In a significant move to enhance cross-border digital transactions, the Ministry of External Affairs announced the extension of Unified Payment Interface (UPI) services to Sri Lanka and Mauritius.

Posted in Others | 2949 Views

Taxpayers Can Opt for FY 2024-25 Composition Scheme on GST Portal by 31st March 2024

13 February 2024 at 09:09

GSTN has introduced a significant update, enabling taxpayers to opt for the Composition Scheme for the Financial Year 2024-25.

Posted in GST | 6810 Views

ICAI elects New Torchbearers for the year 2024-25

12 February 2024 at 14:56

New President and Vice-President elected for ICAI term 2024-25: CA Ranjeet Kumar Agarwal and CA Charanjot Singh Nanda.

Posted in Professional Resource | 16848 Views

Direct Tax Collections Reach Rs 18.38 Lakh Crore, Surge 17.30% YoY

12 February 2024 at 12:19

Direct Tax collections at 80.23% of total Revised Estimates of Direct Taxes for F.Y. 2023-24 upto 10.02.2024Gross Direct Tax collections at Rs. 18.38 lakh crore with Y-o-Y growth of 17.30%, as on 10th February, 2024Direct Tax collection, Net of refun

Posted in Income Tax | 2463 Views

PIB Fact Check Exposes Fake Income Tax Notice Requiring Payment for Audited Balance Sheets

12 February 2024 at 09:17

A recent tweet by PIB Fact Check has brought to light a deceptive notice circulating on social media platforms, purportedly issued in the name of @IncomeTaxIndia.

Posted in Income Tax | 6657 Views

Beware of Fake GST Summons, Verify Authenticity with CBIC Tools

12 February 2024 at 09:16

Caution against fraudsters sending fake and fraudulent Summons for GST violations

Posted in GST | 8139 Views

RBI Clarifies: Paytm App Unaffected, Only Payments Bank Under Scrutiny

12 February 2024 at 09:16

In a press conference on Thursday, the Reserve Bank of India (RBI) clarified that its recent directive concerns Paytm Payments Bank and not the Paytm app itself.

Posted in Others | 4695 Views

CGST Recovers Rs 1.25 Crore GST from 10 Garment Traders in Indore

12 February 2024 at 09:15

In a significant move against tax evasion, the Central Goods and Service Tax Department (CGST) has successfully recovered ₹1.25 crore from 10 readymade garments traders in the city of Indore.

Posted in GST | 2823 Views

Centre Owes Gujarat Rs 1,600 Crore in GST Returns

12 February 2024 at 09:15

In a recent development in the Gujarat State Assembly, Finance Minister Kanu Desai disclosed that the state has been pursuing over ₹1,500 crore in Goods and Services Tax (GST) returns from the central government.

Posted in GST | 2238 Views