CAclubindia News
GST authorities issuing SCN after investigation will have to complete enforcement action
24 October 2022 at 07:45Tax authorities issuing show-cause notices will have to complete all enforcement and consequential action against the assessee against whom GST evasion was detected, the GST Council has said.
Direct tax mop-up may beat budget estimate by 30%
24 October 2022 at 07:45The Centre's direct tax revenues may rise 25-30% on year, allowing it to net an additional Rs 2.5 trillion over the budget estimate (BE) after the mandatory devolution to states, a senior finance ministry official said.
Paperless customs compliance to be introduced for exports to facilitate integration of Customs systems with other regulatory agencies
24 October 2022 at 07:45A new system is in the works where web-based registration of goods exports would be allowed, to facilitate the integration of Customs systems with other regulatory agencies.
Advisory by ICAI on use of prefix CA on social media
23 October 2022 at 14:05Use of designation "Chartered Accountant" or prefix "CA" by members while expressing views on professional/non-professional matters publicly including on social media
Taxpayers with upto Rs 5 crore turnover required to report 4-digit HSN codes in their GSTR-1
22 October 2022 at 16:19From 01st November, 2022, Phase-2 would be implemented on GST Portal and the taxpayers with up to Rs 5 crore turnover would be required to report 4-digit HSN codes in their GSTR-1.
ICAI extends last date for submitting MEF 2022-23 from 28th Oct to 9th Nov 2022
22 October 2022 at 08:33Considering the various requests received from the members of ICAI, it has been decided to extend the last date for submission of Multipurpose Empanelment Form for the year 2022-23 from 28th October 2022 to 9th November 2022.
Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal
22 October 2022 at 08:33Advisory on sequential filing of GSTR-1
CBIC extends due date for filing GSTR 3B Return for Sept by one day
21 October 2022 at 12:56Even as taxpayers are reporting slowness in the GSTN portal, the Central Board of Indirect Taxes and Customs (CBIC) on Friday said the due date for filing GSTR 3B return for September has been extended by one day till October 21.
ICAI is entitled to income tax exemption if amounts charged by them are nominal to cover costs: Supreme Court
21 October 2022 at 11:22ICAI contended that its activities are not profit oriented and submitted that the fees collected from the students are utilized on various infrastructure development and other capital expenditure items.
Slow GST Portal: CBIC mulls extending September returns filing due date
21 October 2022 at 08:37With taxpayers facing slow functioning of the GSTN portal, CBIC on Thursday said it is examining the proposal of extending the deadline for filing GST returns for September.
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