CAclubindia News

August 2023 GST Collection Hits Rs 159069 Crore Mark, Registers 11% YoY Surge

02 September 2023 at 08:47

₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth

Posted in GST | 5145 Views

ICAI President on Institute's Role in Fostering Responsible Financial Reporting and Global Leadership

01 September 2023 at 08:53

Let's have a look at some of the significant developments that took place since our last communication

Posted in Professional Resource | 16770 Views

GSTN releases Advisory on Reporting of ITC Reversal Opening Balance

01 September 2023 at 08:51

GSTN has issued an important advisory on reporting of ITC reversal opening balance.

Posted in GST | 6192 Views

GSTN introduces a new ledger named Electronic Credit and Re-claimed Statement

01 September 2023 at 08:50

Introducing Electronic Credit Reversal and Re-claimed statement on GSTN

Posted in GST | 17655 Views

FirstCry Founder Under Investigation for Suspected $50 Million Tax Evasion

31 August 2023 at 08:55

The Income Tax department of India is probing an alleged tax evasion of $50 million by Supam Maheshwari, the founder of FirstCry, an online retailer of baby and child products.

Posted in Income Tax | 13248 Views

PNB Launches GST Sahay App for Invoice-based MSME Loans up to Rs 2 Lakh

31 August 2023 at 08:55

Punjab National Bank (PNB) launches the PNB GST Sahay App for MSME borrowers to access loans digitally using GST invoices.

Posted in GST | 26649 Views

Income Tax Authority Set to Investigate 20 Entities for Potential Irregularities in Adani Share Profits

30 August 2023 at 14:25

The income-tax department is considering a potential investigation into both domestic and overseas entities for possible tax evasion related to profits gained from short-selling shares of companies within the Adani Group. This move comes in the wake

Posted in Income Tax | 7344 Views

Income Tax Department Probes 6 Foreign Tour Package Companies for Alleged Tax Evasion

30 August 2023 at 08:46

The Income Tax Department is investigating tax evasion by six companies that offer foreign tour packages.

Posted in Income Tax | 8793 Views

CBDT Notifies New Income Tax Rules 13 and 13A Aligned with Finance Act, 2023

30 August 2023 at 08:44

CBDT (Central Board of Direct Taxes) notified Rules 13 and 13A of the Income Tax Rules on August 28, 2023, to implement the amendments made to section 132 of the Income Tax Act, 1961 by the Finance Act, 2023.

Posted in Income Tax | 10629 Views

Offline Mode Enabled for E-Filing of Form 10B for AY 2023-24

29 August 2023 at 08:39

E-filing of Form 10B for A.Y. 2023-24 is enabled through offline mode. Taxpayers can download Offline Utility through "Downloads" Menu option ->Click on Form 10B->Form utility (From AY 23-24 onwards).

Posted in Income Tax | 10173 Views