CAclubindia News


IT dept launches Excel-based utility of ITR-2 for AY 2023-24

   13 May 2023 at 08:48

Excel Utility of ITR-2 for AY 2023-24 is available for filing

Posted in Income Tax |   4296 Views


24 major importers evade Rs 11,000 crore GST payments

   13 May 2023 at 08:48

The Directorate General of GST Intelligence (DGGI) and Directorate of Revenue Intelligence (DRI) have detected alleged Integrated GST evasion to the tune of ₹11,000 crore by 24 large importers.

Posted in GST |   2826 Views


RBI directs banks to extend priority loans to GST-Exempted informal units with UAC

   12 May 2023 at 08:50

RBI has informed all financial institutions including banks and NBFCs to treat informal micro enterprises (IMEs) not covered under the GST regime or exempted from the CGST Act, 2017, but having the Udyam Assist Certificate (UAC) as micro enterprises

Posted in Others |   3201 Views


Automated Return Scrutiny Module rolled out for GST returns in ACES-GST backend application

   12 May 2023 at 08:50

CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers

Posted in GST |   5475 Views


Tax authorities investigate shell firms for fraudulent ITC claims

   12 May 2023 at 08:50

According to a report officials have prepared a detailed list of entities and their beneficiaries that allegedly created multiple shell firms to represent fake transactions and the tax authorities will target such entities during the next two months.

Posted in GST |   3552 Views


ICAI | No further Advance ITT (Old Syllabus) Test will be conducted after Sept 2023

   12 May 2023 at 08:50

The Advanced IT (Old Syllabus) Test conducted by Examination Department for students who have undergone Advanced IT (Old Syllabus) course will not be conducted after September 2023.

Posted in Students |   14223 Views


ICAI releases Schedule of Convocation 2023

   11 May 2023 at 15:48

Members & Students Services (Grievances Handling and e-Sahaayataa) DirectorateThe Institute of Chartered Accountants of India11th May, 2023 Convocation 2023The next ICAI Convocation will be held at following Cities as per dates mentioned, for Mem

Posted in Students |   22287 Views


CBIC reduces e-invoicing limit from 10 crore to 5 crore w.e.f. 1st August 2023

   11 May 2023 at 08:59

CBIC has reduced the e-invoicing limit to 5 crore from the current limit of 10 crore starting from 1st August 2023.

Posted in GST  1 comments |   19737 Views


CBIC extended deadline to opt for Forward Charge option by GTAs to 31st May 2023

   11 May 2023 at 08:55

CBIC has issued notification to provide that the option for the Financial Year 2023-2024 to pay tax under Forward Charge by Goods Transport Agency shall be exercised on or before the 31st May, 2023.

Posted in GST |   6828 Views


ICAI defers second phase of Peer Review Mandate

   11 May 2023 at 08:53

The second phase of the mandate is applicable wef July 1, 2023

Posted in Professional Resource |   3501 Views