CAclubindia News


GST a "Classical Example of Cooperative Federalism," Says CJI D Y Chandrachud

   29 October 2024 at 09:01

Chief Justice of India (CJI) D Y Chandrachud emphasized the significance of cooperative federalism in the governance of India, calling the introduction of the Goods and Services Tax (GST) a "classical example" of this system.

Posted in GST |   759 Views


Manpower Supply to Foreign Firms for Work in India Will Attract GST: UPAAR Ruling

   29 October 2024 at 09:00

In a recent ruling, the Uttar Pradesh Authority for Advance Ruling (UPAAR) stated that the supply of manpower for work in India to foreign clients, who have no permanent establishment in the country, will not be treated as an export of services and w

Posted in GST |   1983 Views


Karnataka and Tamil Nadu Rank Among Top 5 States in Direct Tax Collections

   29 October 2024 at 08:58

In a recent report by the State Bank of India (SBI), Karnataka and Tamil Nadu have emerged as key contributors to India's direct tax collections, ranking second and fourth, respectively.

Posted in Income Tax |   597 Views


Mumbai Customs Zone Issues Advisory Implicating Customs Brokers as Co-Noticees in Interpretative Disputes

   28 October 2024 at 08:51

The Mumbai Customs Zone-II issued Advisory No. 02/2024 on October 23, 2024, making Customs Brokers co-noticees in cases involving interpretative disputes to ensure compliance.

Posted in GST |   828 Views


CBIC Issues Corrigendum to Clarify Provisions Under Section 16 of CGST Act, 2017

   28 October 2024 at 08:48

The CBIC issued a corrigendum on October 25, 2024, to Circular No. 237/31/2024-GST, addressing implementation issues related to Section 16(5) and 16(6) of the CGST Act, 2017.

Posted in GST |   2121 Views


GST Panel Recommends Raising Affordable Housing Price Limit to Rs 56 Lakh Nationwide

   28 October 2024 at 08:45

A government panel is considering raising the affordable housing price limit from ₹45 lakh to ₹56 lakh for the 1% GST rate, potentially making homes more affordable across India.

Posted in GST |   1008 Views


Biometric-Based Aadhaar Authentication Introduced for GST Registrations to Curb Tax Fraud

   28 October 2024 at 08:43

From October 8, biometric-based Aadhaar authentication and document verification will be mandatory for GST registration to combat tax fraud, the State GST Department announced.

Posted in GST |   1053 Views


CBDT Extends Due Date for Audited IT Returns for AY 2024-25 to 15th Nov 2024

   26 October 2024 at 11:26

On October 26, 2024, the Central Board of Direct Taxes (CBDT) announced an extension for filing the Return of Income for the Assessment Year (AY) 2024-25.

Posted in Income Tax  2 comments |   42030 Views


Income Tax Department Releases Updated Common Offline Utility for Filing ITR 1 to ITR 4 for AY 2024-25

   26 October 2024 at 08:51

The Income Tax Department has launched the latest version (1.1.7) of the Common Offline Utility for filing Income-tax Returns (ITR) 1 to ITR 4 for Assessment Year 2024-25.

Posted in Income Tax |   633 Views


Income Tax Department Releases Updated Utilities and Schema for ITR-7 Filing

   26 October 2024 at 08:49

The Income Tax Department has released the latest version of utilities and schema for filing ITR-7, applicable to persons, including companies, required to furnish returns under sections 139(4A), 139(4B), 139(4C), and 139(4D)

Posted in Income Tax |   480 Views



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