CAclubindia News

RBI Launches PRAVAAH, Retail Direct Mobile Application and FinTech Repository

29 May 2024 at 09:15

Shri Shaktikanta Das, Governor, Reserve Bank of India launched three major initiatives of the Reserve Bank of India, namely the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository

Posted in Community & General | 537 Views

GSTN: E-Way Bill 2 Portal to be released by NIC on 1st June 2024

29 May 2024 at 09:15

GSTN is pleased to inform that NIC is releasing the E-Way Bill 2 Portal (https://ewaybill2.gst.gov.in) on 1st June 2024.

Posted in GST | 2391 Views

GST Scam: Noida Police Arrest Haryana Man, Total Arrests Reaches 45

28 May 2024 at 09:01

The Noida Police have made a significant breakthrough in the ongoing probe into the multi-crore GST scam by arresting a 45-year-old man from Haryana.

Posted in GST | 1113 Views

CBDT Issues Guidelines for Selection of Cases for Tax Scrutiny in FY 2024-25: Key Highlights

27 May 2024 at 08:59

The Central Board of Direct Taxes (CBDT) has recently issued a notification detailing the process for the scrutiny of income tax returns (ITRs) for the financial year 2024-25.

Posted in Income Tax | 4572 Views

Tamil Nadu GST Department Issues SOP for Newly Registered Taxpayers

25 May 2024 at 09:03

The Tamil Nadu GST Department has released Circular No. 4/2024 (PP2/GST-15/29/2024), dated May 20, 2024, detailing the Standard Operating Procedure (SOP) for newly registered taxpayers.

Posted in GST | 1854 Views

ICICI Lombard Faces GST Show-Cause Notice worth Rs 288 Crore

25 May 2024 at 09:03

ICICI Lombard General Insurance Company Ltd has been issued a GST show-cause notice amounting to ₹288 crore for the fiscal year 2020, according to a report by CNBC-TV18 shared on X (formerly Twitter) on Thursday.

Posted in GST | 1338 Views

CBDT notifies 363 as Cost Inflation Index for FY 2024-25

25 May 2024 at 09:02

The Central Board of Direct Taxes (CBDT) has officially notified "363" as the Cost Inflation Index (CII) for the financial year 2024-25.

Posted in Income Tax | 4836 Views

MCA Fines Satya Nadella, LinkedIn India and 8 Executives for Violating SBO Norms

24 May 2024 at 09:02

The Corporate Affairs Ministry on Wednesday imposed fines on Microsoft-owned LinkedIn India, its top executives including CEO Satya Nadella, and eight other individuals.

Posted in Corporate Law | 3363 Views

GSTN Issues Letter on CBIC Migration to GSTN Back Office

24 May 2024 at 08:59

The Goods and Services Tax Network (GSTN) has issued a significant letter (F. No. GSTN/PMO/CBIC/2023 dated May 22, 2024) to the Chief Commissioner/Commissioner of State Taxes.

Posted in GST | 1524 Views

Tea-Seller Faces Rs 49 Crore IT Penalty Due to Fraudulent Transactions by Longtime Customers

23 May 2024 at 08:48

In a shocking turn of events, Khemraj Dave, a humble tea-seller from Patan, has found himself entangled in a massive financial fraud, leading to an astonishing penalty notice from the Income Tax (IT) department.

Posted in Income Tax | 13380 Views