CAclubindia News

Clarification on Audit Report Requirements for Substantial Contributors in AY 2023-24

10 October 2023 at 08:50

In a significant development, the Central Board of Direct Taxes (CBDT) issued Circular No. 17/2023 on October 09, 2023, shedding light on crucial audit report requirements under Section 119 of the Income-tax Act, 1961.

Posted in Income Tax | 16812 Views

CBI Nabs 4 GST Officials Demanding Bribe to Clear Erroneous Notices

10 October 2023 at 08:49

The Central Bureau of Investigation (CBI) apprehends two superintendents, an inspector, and a tax assistant involved in a bribery scandal targeting a LIC agent over alleged false GST notices.

Posted in GST | 7551 Views

Reliance General Insurance Faces GST Notices Worth Rs 922 Crore from DGGI

09 October 2023 at 08:44

In a significant development, the Directorate General of GST Intelligence (DGGI) has sent four show cause notices to Reliance General Insurance Company (RGIC), totaling ₹922.58 crore in Goods and Services Tax (GST) dues.

Posted in GST | 7542 Views

Income Tax Department to Refund Rs 190 Crore with Interest to Vedanta for AY 2021-22

09 October 2023 at 08:37

In a significant development, the Income Tax department has announced its decision to refund Rs 190 crore to the Anil Agarwal-controlled mining conglomerate Vedanta, along with accrued interest, for the assessment year 2021-22.

Posted in Income Tax | 29154 Views

All States Adopt 28% GST on Online Money Gaming from 1st Oct 2023

09 October 2023 at 08:35

Revenue Secretary Sanjay Malhotra provides clarity on GST implementation timeline during GST Council meeting

Posted in GST | 4020 Views

ICSI Issues Warning Against Social Media Misconduct by Members and Students

07 October 2023 at 13:11

The Institute has recently become aware of a concerning trend among its members and students. Some individuals within the Institute's community have been using social media platforms as a platform to express negative opinions

Posted in Students | 21708 Views