CAclubindia News

Massive GST Evasion: 15,000 Entities Caught Evading Rs 38,000 Crore

27 July 2023 at 08:48

Tax authorities in India have identified nearly 15,000 entities involved in fraudulent activities related to GST and detected evasion of over Rs 38,000 crore over the years.

Posted in GST | 5388 Views

Revenue Department States No Records on GST Paid by Individuals

27 July 2023 at 08:47

Central Information Commission upheld the CPIO's response and clarified that the requested information was not available with the department. The Commission suggested that Mr. Paulraj should explore other appropriate avenues to address his concerns.

Posted in GST | 6096 Views

GST Council to Convene on 2nd Aug to Debate Online Gaming Tax Laws

27 July 2023 at 08:46

It appears that the GST Council in India is likely to hold an unscheduled meeting on August 2 to address the issue of tax treatment on real-money games played on online gaming platforms

Posted in GST | 2088 Views

3 GST Officials Booked for Murder of Truck Driver in Kanpur

26 July 2023 at 08:46

This is a tragic incident involving the death of a truck driver, Balbir Singh, outside the State Goods Service Tax (SGST) office in Kanpur.

Posted in GST | 13857 Views

GSTN Under Money Laundering Law for Risk Assessment, says CBIC Chairman

26 July 2023 at 08:44

CBIC Chairman, Vivek Johri, clarified that there is no reverse flow of information that will happen after bringing the Goods and Service Tax Network (GSTN) under the ambit of the PMLA.

Posted in GST | 3264 Views

FM Reveals 1 Lakh Notices Sent Over Under-Reported Income and Non-Filing of Returns

25 July 2023 at 14:21

The Union Finance Minister, Nirmala Sitharaman, announced that the Centre has sent one lakh notices for non-filing of returns, under-reported income, and misrepresentation of income.

Posted in Income Tax | 21522 Views

Govt's Special Drive Nets 7 Arrests by Central GST Officers for Fake Registration

25 July 2023 at 08:43

The government has said that 7 individuals have been arrested by Central GST officers during a special drive to detect fake GST registration. The drive was conducted from May 16 to July 15, 2023.

Posted in GST | 7554 Views

e-Invoice System Enhanced with Exemption Declaration Functionality

25 July 2023 at 08:42

GSTN is pleased to inform you that the e-Invoice Exemption Declaration functionality is now live on the e-Invoice portal

Posted in GST | 10812 Views

FM Nirmala Sitharaman presides over 164th Income Tax Day celebrations at New Delhi

25 July 2023 at 08:41

The 164th anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field offices across India today.

Posted in Income Tax | 3849 Views

ICAI released Guidance Note on Tax Audit u/s 44AB of IT Act for AY 2023-24

24 July 2023 at 08:44

The Institute of Chartered Accountants of India (ICAI) has released the Exposure Draft Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 for the Assessment Year 2023-24.

Posted in Audit | 70122 Views