CAclubindia News

GST Applicable on X (formerly Twitter) Ad Revenue Sharing Beyond Rs 20 Lakh Annual Threshold

14 August 2023 at 08:38

Income from ad revenue sharing by X (formerly Twitter) is liable to GST if it exceeds the threshold of Rs 20 lakh in a year.

Posted in GST | 9528 Views

ICAI Grants Relaxation to Old Course Students to commence 3 years Practical Training Under Various Routes

14 August 2023 at 08:35

Relaxation to Old Course Students to commence 3 years of Practical Training

Posted in Students | 73515 Views

SGST Arrests Rajkot Businessman for Rs 8.7 Crore Tax Evasion in Crude Chemical Trade

14 August 2023 at 08:34

One person has been arrested for ₹8.7 crore GST evasion in Gujarat. The accused, Devang Nathwani, is the key person handling the affairs of Eagle Marketing, which is involved in trading of crude chemicals.

Posted in GST | 6243 Views

Deloitte to quit as Adani Ports' auditor after flagging concerns

12 August 2023 at 14:00

Deloitte has decided to resign as the auditor of Adani Ports & Special Economic Zone Ltd. The decision appears to be linked to concerns over certain transactions highlighted in a report by Hindenburg Research.

Posted in Audit | 16167 Views

Lok Sabha passes GST Amendment Bills to impose 28% tax on online gaming, casinos and race clubs

12 August 2023 at 08:47

The Lok Sabha passed two bills on Friday to amend the Goods and Services Tax (GST) laws to levy a 28% tax on online gaming, casinos, and race clubs. The bills were introduced by Finance Minister Nirmala Sitharaman in the lower house of Parliament.

Posted in GST | 7608 Views

Direct Tax Collections Reach Rs. 6.53 Lakh Crore, Marking 15.73% Growth by Aug 10, 2023

12 August 2023 at 08:46

The provisional figures of Direct Tax collections up to 10th August, 2023 continue to register steady growth. Direct Tax collections up to 10th August, 2023

Posted in Income Tax | 1575 Views

Resilient Indian Economy and Monetary Policy: Sustained Growth Amid Global Challenge

11 August 2023 at 08:47

As we celebrate India's 77th Independence Day in a few days, I am happy to note that the Indian economy is exuding enhanced strength and stability despite the massive shocks to global economy in recent years.

Posted in Others | 3147 Views

CBDT Extends Applicability of Transfer Pricing Safe Harbour Rules Until AY 2023-24

11 August 2023 at 08:46

The CBDT has extended the applicability of Rule 10TD(1) and Rule 10(2A) of the IT Rules, 1962, which are the Transfer Pricing Safe Harbour Rules, until the Assessment Year 2023-24.

Posted in Income Tax | 1 comments | 10689 Views

RBI Keeps Repo Rate Unchanged At 6.50%

10 August 2023 at 11:14

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others | 5604 Views

CBDT Unveils New Guidelines for Comprehensive Scrutiny of Tax Returns in FY 2023-24

10 August 2023 at 09:02

Central Board of Direct Taxes (CBDT) issued guidelines on August 3, 2023 for the mandatory selection of returns for comprehensive scrutiny in the financial year 2023-24.

Posted in Income Tax | 11967 Views