CAclubindia News


ICAI issues Mock Test Papers Series-II for Dec 2022 CA Foundation Exams

   08 November 2022 at 08:32

Mock Test Papers Series-II for December, 2022 CA Foundation Examination

Posted in Students |   5706 Views


Ministry of Finance released 8th monthly instalment of PDRD Grant of Rs. 7,183.42 crore to 14 States

   08 November 2022 at 08:32

Total Revenue Deficit Grant released to States so far in current financial year has gone up to Rs. 57,467.33 crore States will get a total Revenue Deficit Grant of Rs.86, 201 crore in 2022-23

Posted in Others |   3312 Views


Indirect tax receipts to exceed budget estimate by Rs 50,000 crore

   07 November 2022 at 08:33

While Central GST collections could exceed the budget target for FY23 by about Rs 1 trillion, excise duty collections may fall short of the Budget estimate (BE) by Rs 40,000-50,000 crore.

Posted in GST |   2655 Views


GST sleuths uncover Rs 45 crore fake bills scam, arrest businessman

   07 November 2022 at 08:33

The Maharashtra Goods & Services Tax Department has busted a GST scam involving fake invoices worth Rs 45 crore and arrested a businessman for the alleged fraud, an official said here on Friday.

Posted in GST |   6585 Views


CBDT released Explanatory Notes to provisions of the Finance Act, 2022

   05 November 2022 at 08:42

Explanatory Notes to provisions of the Finance Act, 2022

Posted in Income Tax  1 comments |   8040 Views


Surat police bust major GST ITC racket

   05 November 2022 at 08:42

The economic offences cell of city police busted a major GST input tax credit racket in which refund was allegedly usurped using bogus bills of transactions worth Rs 200.

Posted in GST |   6654 Views


GSTN: Now GST payments can be made through 20 banks

   05 November 2022 at 08:42

The Goods and Services Tax Network ("GSTN") has added a new Federal Bank, bringing the total number of banks accepting GST payments to 20.

Posted in GST |   7785 Views


October E-way bills slip from quarter end peak

   04 November 2022 at 08:35

E-way bills generated for transportation of goods within and across states in October slipped from the high level seen at the end of the September quarter but maintained their momentum backed by the festive season demand, showed official data.

Posted in GST |   4866 Views


IT dept conducts raids at 40 locations in Rajasthan, 3 businessmen on radar

   04 November 2022 at 08:35

The Income Tax officials are currently conducting raids at around 40 locations in Rajasthan’s Bikaner and Nokha.

Posted in Income Tax |   3783 Views


Man held for fraudulently claiming refund of more than Rs 27 crore from fake ITC

   03 November 2022 at 08:33

A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms

Posted in GST |   2871 Views