CAclubindia News


Vivad se Vishwas II Scheme Deadline Extended to 31st Dec 2023 for Claim Submissions

   16 November 2023 at 08:53

Ministry of Finance Extends Vivad se Vishwas II Scheme Deadline for Government Contract Disputes

Posted in Others |   2700 Views


Apple, Amazon and Google Face Legal Heat Over Alleged Rs 5000 Crore Income Tax Evasion

   15 November 2023 at 08:39

Tech Giants Face Scrutiny for Potential Tax Non-Payment

Posted in Income Tax |   5361 Views


GSTN issues Advisory for Online Compliance Pertaining to ITC mismatch - GST DRC-01C

   15 November 2023 at 08:38

Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GSTR-R3B

Posted in GST |   5727 Views


GSTN | ITC Reversal on Account of Rule 37(A)

   15 November 2023 at 08:37

Vide Rule 37A of CGST Rules, 2017 the taxpayers have to reverse the Input Tax Credit (ITC) availed on such invoice or debit note, the details of which have been furnished by their supplier in their GSTR-1/IFF but the return in FORM GSTR-3

Posted in GST |   9516 Views


Bombay HC Declares Reassessment Proceedings Invalid for Non-Existent Entity with Active PAN

   14 November 2023 at 08:37

In a recent judgment, the Bombay High Court has ruled against the validity of reassessment proceedings conducted by the tax department against non-existent entities, even though the Permanent Account Number (PAN) remained active.

Posted in Income Tax |   5532 Views


ICAI Welcomes Contributions for Self-paced Online Module Exam Question Bank

   14 November 2023 at 08:36

Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-A & Set-B)

Posted in Professional Resource |   8070 Views


Gross Direct Tax Collections Surge to Rs. 12.37 Lakh Crore, Marking 17.59% YoY Growth in FY 2023-24

   11 November 2023 at 08:44

The Gross Direct Tax collections are at Rs. 12.37 lakh crore, which is 17.59% higher than the gross collections for the corresponding period of last year. Direct Tax collection

Posted in Income Tax |   2316 Views


Advisory on Amnesty for Missed Appeal Filing Deadlines for Orders on or before March 31, 2023

   11 November 2023 at 08:43

Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023

Posted in GST |   5793 Views


October GST Collections Reflect Economic Activity, Not Tax Notices, Says CBIC

   11 November 2023 at 08:42

In a recent statement, the CBIC revealed that the impressive rise in GST collections in October was primarily driven by robust economic activity within the country, dispelling rumors that it was solely due to tax notices issued to various companies.

Posted in GST |   4287 Views


Bombay HC Orders Income Tax Refund of Rs 1128 Crores to Vodafone Idea

   10 November 2023 at 16:00

In a significant legal victory for Vodafone Idea Ltd, the Bombay High Court has ruled in favor of the telecom giant, ordering the Income Tax Department to refund INR 1,128.47 crores in taxes paid during the assessment year 2016-17, along with interest.

Posted in Income Tax |   5949 Views