CAclubindia News

Direct tax mop-up may beat budget estimate by 30%

24 October 2022 at 07:45

The 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.

Posted in Others | 2022 Views

Paperless customs compliance to be introduced for exports to facilitate integration of Customs systems with other regulatory agencies

24 October 2022 at 07:45

A 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.

Posted in Custom | 2388 Views

Advisory by ICAI on use of prefix CA on social media

23 October 2022 at 14:05

Use of designation "Chartered Accountant" or prefix "CA" by members while expressing views on professional/non-professional matters publicly including on social media

Posted in Professional Resource | 16812 Views

Taxpayers with upto Rs 5 crore turnover required to report 4-digit HSN codes in their GSTR-1

22 October 2022 at 16:19

From 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.

Posted in GST | 1 comments | 11097 Views

ICAI extends last date for submitting MEF 2022-23 from 28th Oct to 9th Nov 2022

22 October 2022 at 08:33

Considering 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.

Posted in Professional Resource | 6654 Views

Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal

22 October 2022 at 08:33

Advisory on sequential filing of GSTR-1

Posted in GST | 7815 Views

CBIC extends due date for filing GSTR 3B Return for Sept by one day

21 October 2022 at 12:56

Even 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.

Posted in GST | 19950 Views

ICAI is entitled to income tax exemption if amounts charged by them are nominal to cover costs: Supreme Court

21 October 2022 at 11:22

ICAI 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.

Posted in Income Tax | 4458 Views

Slow GST Portal: CBIC mulls extending September returns filing due date

21 October 2022 at 08:37

With 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.

Posted in GST | 8511 Views

GST department busts fake invoice racket of Rs. 31 crore in Chennai

20 October 2022 at 08:40

The Chennai Outer Commissionerate of GST and Central Excise department has claimed busting of a fake invoice racket by arresting a suspect on charges of cheating to the tune of Rs 31 crore.

Posted in GST | 2 comments | 4110 Views