CAclubindia News
Major GST Refund Scam Exposed: Rs 42 Crores Under Investigation
14 October 2023 at 08:40In a significant breakthrough, the Commercial Taxes Department has uncovered a massive GST refund scam, exceeding ₹42 crores, sending shockwaves through the financial sector.
Clarification of GST Applicability on Gangajal Amidst Media Reports
13 October 2023 at 08:49In a recent development, the Central Board of Indirect Taxes and Customs (CBIC) has issued a crucial clarification regarding the applicability of Goods and Services Tax (GST) on Gangajal, the holy water from the Ganges.
Income Tax Department Conducts Search and Seizure Operation In J&K
13 October 2023 at 08:47Income Tax Department conducted a search and seizure operation in the Kashmir Valley on a prominent business group, engaged in various sectors namely, Cement, Steel, Glass, Plywood, Real Estate, Tourism, Textiles and Healthcare, etc.
GSTN: Facility of enrolment for supply of goods through e-commerce operators by GST unregistered suppliers
13 October 2023 at 08:45In terms of the recent amendments to the Act and the rules and notification number 34/2023 dated 31.07.2023, persons supplying goods through e-commerce operators shall be exempt from mandatory registration under the CGST Act
GSTN: Facility for e-commerce operators through whom unregistered suppliers of goods can supply goods
13 October 2023 at 08:44GSTN has also provided APIs for ECOs (through whom unregistered persons can supply goods) to integrate with GSTN to obtain the details and facilitate the unregistered suppliers.
GST Raids Unearth Rs 8.1 Crore Evasion Across 52 Locations
12 October 2023 at 09:02In a major operation to curb Goods and Services Tax (GST) evasion, officials carried out extensive raids at 52 locations spanning seven districts within the state.
CBDT Grants Form 60 Exemption for Non-Resident Individuals and Foreign Firms in India
12 October 2023 at 09:02The Income-tax (Twenty-fourth Amendment) Rules, 2023 were notified on October 10, 2023, by the Central Board of Direct Taxes (CBDT).
Star Health and Allied Insurance Faces Rs 39 Crore GST Notice
11 October 2023 at 08:37Star Health and Allied Insurance Company found itself in the spotlight as it received a significant notice from the Directorate General of GST Intelligence (DGGI) concerning a tax liability amounting to ₹38.99 crore.
GST Council to Address ITC Issue for Life Insurers, Easing LIC's Rs 290 Crore Demand
11 October 2023 at 08:36In a recent development, the GST Council is gearing up to provide much-needed clarity on the input tax credit for life insurers, particularly in the context of a substantial demand of Rs 290 crore made on the Life Insurance Corporation (LIC).
Direct Tax Collections Surge by Nearly 18% in FY 2023-24
11 October 2023 at 08:36Direct Tax Collections for F.Y. 2023-24 up to 9th October, 2023 show an increase over comparable period of last year
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