CAclubindia News

CBDT Extends Applicability of Transfer Pricing Safe Harbour Rules Until AY 2023-24

11 August 2023 at 08:46

The CBDT has extended the applicability of Rule 10TD(1) and Rule 10(2A) of the IT Rules, 1962, which are the Transfer Pricing Safe Harbour Rules, until the Assessment Year 2023-24.

Posted in Income Tax | 1 comments | 10767 Views

RBI Keeps Repo Rate Unchanged At 6.50%

10 August 2023 at 11:14

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others | 5649 Views

CBDT Unveils New Guidelines for Comprehensive Scrutiny of Tax Returns in FY 2023-24

10 August 2023 at 09:02

Central Board of Direct Taxes (CBDT) issued guidelines on August 3, 2023 for the mandatory selection of returns for comprehensive scrutiny in the financial year 2023-24.

Posted in Income Tax | 11994 Views

Main Users Grant Sub-Users Access to e-Invoices and EWB Management

10 August 2023 at 09:01

The GST, e-Invoice System issued an update on August 9, 2023, stating that sub-users can now access e-Invoices generated by the main user and perform View/Cancel/Generate EWB.

Posted in GST | 4146 Views

GST Amendment Bill of 28% on Online Gaming Gets Cabinet Approval

10 August 2023 at 09:00

The Union Cabinet has approved the bill to amend the GST rate to 28% on online gaming, casinos, and horse racing in India. The bill will be presented in the ongoing monsoon Parliament Session and is expected to be enforced by October 1.

Posted in GST | 2256 Views

ICICI Lombard gets Rs 273 Crore GST Notice on Motor Insurance Settlements

10 August 2023 at 08:59

ICICI Lombard General Insurance has received a tax demand notice from the Directorate General of GST Intelligence for a sum of ₹273.44 crore.

Posted in GST | 2427 Views

Minister of State, Shri Pankaj Chaudhary Provides Insights into Queries on GST Portal Glitch

09 August 2023 at 08:58

The Minister of State for Finance, Shri Pankaj Chaudhary, assured taxpayers that the government is committed to providing a smooth and reliable GST portal.

Posted in GST | 3096 Views

Minister of State, Shri Pankaj Chaudhary Clarifies Queries on GSTN's Status Under PMLA

09 August 2023 at 08:58

The Minister of State for Finance, Shri Pankaj Chaudhary, recently clarified various questions about the Goods and Services Tax Network (GSTN) being brought under the Prevention of Money Laundering Act (PMLA).

Posted in GST | 4734 Views

BCCI's Income Tax Payment Surges to Rs 1159 Crore, Mirrors Revenue Growth

09 August 2023 at 08:57

The Board of Control for Cricket in India (BCCI), the apex governing body for cricket in the country, made a substantial contribution to the nation's finances during the 2021-22 fiscal year.

Posted in Income Tax | 7095 Views

Gaming Giants Hit Hard: MPL Cuts Staff 50%, Quizy Closes After GST Hike

09 August 2023 at 08:56

The gaming industry is experiencing significant challenges following the decision by the GST Council to impose a 28% tax on the full player deposit value in online money gaming.

Posted in GST | 5085 Views