CAclubindia News

GST Fraud: Fake companies involved in Rs 250 crore scam via rickshaw pullers and junkers' accounts

19 June 2023 at 08:43

A team of the Income tax department, Kanpur division, unravelled a nexus where transactions worth several crores were being done from the accounts of junk pickers and rickshaw pullers for GST or income tax evasion.

Posted in GST | 6243 Views

RBI refutes reports of Rs 88,032 crore worth of missing Rs 500 bank notes

19 June 2023 at 08:43

RBI on Sunday refuted reports that Rs 88,032.5 crore worth of Rs 500 notes have gone missing. The RBI said that all the banknotes supplied from printing presses to the central bank are properly accounted for.

Posted in Others | 10122 Views

Gross Direct Tax Collections Surge by 12.73% in FY 2023-24

19 June 2023 at 08:41

Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 12.73%

Posted in Income Tax | 2583 Views

CBIC chairman: 50,000 cases to be taken up for GST audit in FY24

17 June 2023 at 07:57

The Central Board of Indirect Taxes and Customs (CBIC) chairman, Vivek Johri, has said that the GST administration has shortlisted 50,000 fresh cases that will be taken up for GST auditing in the current financial year (FY24).

Posted in GST | 7809 Views

ED takes control of Chartered Accountant's assets and bank balance

17 June 2023 at 07:56

Directorate of Enforcement (ED) has provisionally attached 59 immovable and movable properties including 53 plots, commercial shops, Industrial plots, agricultural land located at Delhi, Noida

Posted in Professional Resource | 16314 Views

GSTN | e-Invoicing Enablement Status Update for Taxpayers

16 June 2023 at 16:45

Advisory: Update on Enablement Status for Taxpayers for e-Invoicing

Posted in GST | 11589 Views

CBDT empowers JCIT(A)/Addl. CIT(A) for smooth e-Appeal proceedings

16 June 2023 at 08:44

The Central Board of Direct Taxes (CBDT) has appointed Joint Commissioner of Income-tax (Appeals) (JCIT(A))/Additional Commissioner of Income-tax (Appeals) (Addl. CIT(A)) for facilitating e-appeal proceedings.

Posted in Income Tax | 7347 Views

Four misuse PAN and GST number of Bengaluru businessman, held for tax evasion

16 June 2023 at 08:43

The Bengaluru cybercrime police have arrested four people for allegedly misusing the PAN card and GST number of a Bengaluru businessman to evade taxes.

Posted in GST | 6612 Views

CBIC releases National Time Release Study (NTRS) 2023 Report

16 June 2023 at 08:42

Shri Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC) along with other Members of the Board released the National Time Release Study (NTRS) 2023 report.

Posted in Custom | 3771 Views

Massive Rs 8,100 Crore GST Evasion Uncovered: 4,909 Fake Businesses Busted

16 June 2023 at 08:41

The Madhya Pradesh GST department has detected a major case of GST evasion to the tune of more than ₹ 8,100 crore. The investigation revealed that the evasion was carried out through 4,909 bogus business establishments spread across the country.

Posted in GST | 3177 Views